Hyundai and Kia Models Experience Dramatic Rise in Thefts, Prompting Industry Response
ICARO Media Group
In the past three years, certain Hyundai and Kia models have seen a staggering 10-fold increase in thefts, driven by the circulation of instructional posts on social media. According to data from the Highway Loss Data Institute (HLDI), theft insurance claims for these vulnerable vehicles have surged by over 1000% between the first half of 2020 and the first half of 2023.
The statistics reveal a marked contrast between the theft rates of Hyundai and Kia models compared to other car manufacturers. In the first half of 2020, 1.6 out of every 1,000 insured Hyundais and Kias were reported stolen, which was in line with the theft rate for other car makes. However, by the first half of 2023, the figure had skyrocketed to 11.2 per 1,000 for these specific models, while the theft rate for other vehicles remained relatively stable.
The HLDI further states that during the first half of 2023, theft claims for Hyundai and Kia models were more than seven times higher compared to cars from other manufacturers. The vulnerability primarily affects older models produced between 2015 and 2019, particularly the Hyundai Santa Fe, Tucson, and the Kia Forte and Sportage equipped with turn-key ignitions.
One key factor contributing to the higher theft rates is the lack of basic auto theft prevention technology, such as electronic immobilizers, which are commonly found in most vehicles. These immobilizers use computer chips in both the car and key to confirm their authenticity before allowing ignition. The absence of such measures in the mentioned Hyundai and Kia models increases their susceptibility to theft.
The surge in theft claims has caught the attention of the HLDI, prompting concern for owners of these vulnerable vehicles. Matt Moore, the Senior Vice President at HLDI, suggests that the rapid increase in thefts may be linked to the growing awareness of these models' vulnerability and the techniques used to exploit it. The trend initially spread through social media platforms, such as TikTok, but received significant coverage from traditional media outlets as well. This coverage aims to raise awareness about the vulnerability, potential theft risks, and available protection measures for vehicle owners.
Recognizing the severity of the issue, Hyundai and Kia have taken steps to address the concerns and support their customers. Earlier this year, the automakers agreed to a $200 million settlement with up to 9 million vehicle owners to resolve claims that they did not adequately secure the vehicles. The settlement includes payment for stolen and damaged vehicles, the installation of anti-theft software, and the implementation of other theft-preventative measures.
In response to these developments, some auto insurers in specific markets have refused to provide coverage for these older Hyundai and Kia models. Insurers are taking precautions due to the significantly heightened risk associated with these particular vehicles.
Both Hyundai and Kia have also collaborated with local law enforcement agencies to distribute steering locks to owners of the vulnerable models. Additionally, Hyundai has set up temporary service centers in major cities to facilitate the installation of anti-theft software.
As the issue persists, it is essential for consumers who own these vulnerable Hyundai and Kia models to understand the available remedies and take necessary precautions to protect their vehicles. Increased vigilance, adherence to anti-theft measures, and prompt response to manufacturer recommendations can help mitigate the risk of theft and vandalism.