In 2014, more than $7,735,458 worth of construction equipment equipped with the LoJack Stolen Vehicle Recovery system was stolen and recovered, according to an annual report by LoJack.
Replacing equipment, if lost, would have cost equipment owners over $13.1 million.
LoJack’s Report Found:
- Most popular equipment types: Tools such as backhoe loaders and skid steers are the most common pieces of equipment stolen and recovered, accounting for 60 percent of all LoJack System-equipped construction equipment recoveries.
- New equipment models are popular targets: Newer equipment models continue to be stolen more often than older equipment. With higher resale value, new equipment can prove to be a lucrative target for thieves. Fifty-four percent of equipment stolen in 2014 was less than five years old.
- Common months for theft: The danger from construction thieves remains relatively consistent throughout the year, with an uptick in activity from November through March, when more equipment is idle due to lower construction activity during colder months.
- Top Five States With Highest Theft: California, Texas, Florida, Georgia and Oklahoma.
- Top Five Equipment Brands Most Stolen: Bobcat (24 percent), John Deere (20 percent), Caterpillar (8 percent), Case (8 percent) and Takeuchi (6 percent).