A Ferrari recovered by the Metropolitan Police Service has become the most-valuable single vehicle ever recovered by the Finance & Leasing Association Vehicle Recovery Scheme.
The Ferrari FF V12, worth £177,000, was joined by a Lamborghini Gallardo Spyder worth £160,000 and a Ferrari 458 Italia DCT S-A worth £126,800 in recoveries by the Met in May.
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All three would be among the most-expensive recoveries ever under the scheme, run in conjunction with the ACPO Vehicle Crime Intelligence Service and HPI CrushWatch, the previous record for which was another Ferrari 458, recovered in May 2011 and worth £151,475. It was also the eighth time a Ferrari has been the most valuable recovery under the scheme in a single month.
The Met, which began reporting to the scheme in August 2012, also set a monthly record for total worth of recoveries – £2,769,545 – in May, beating its own record of £2.58m in November 2012.
However, the total value of recoveries across all participating police forces in May – £5,340,655 – was only the second-highest month on record, behind £5.63m recovered in October 2012.
In other news, the proportion of enquiries to the scheme to prove accurate and discover an impounded car with finance due was 11.24%, the third highest for a single month and above the average of 9.89% for the three years’ the scheme has been running.
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By GlobalDataFurther data from the FLA Vehicle Recovery Scheme will be published in the June issue of Motor Finance magazine.
richard.brown@timetric.com
