Almost 10% of the 60,000 uninsured cars seized
by the police in 2011 and checked with HPI Crushwatch had
outstanding finance recorded against them.
And mid-range higher volume vehicles, often
the popular Vauxhall, Ford and Volkswagen models, continue to
dominate the list of models found to be without insurance. However,
many offenders last year were driving prestige, high-value
vehicles, including five Ferraris – two worth £151,000 and £115,000
each – an Audi R8, a Bentley and a number of Lamborghinis.
Go deeper with GlobalData
HPI consumer director Kristian Welch said: “There are an
estimated 1.4m uninsured motorists on the UK roads, illustrating
the threat facing law-abiding road users and the finance providers
who own the offending cars.
“In 2011
HPI Crushwatch alerted finance companies to the seizure of over
£31m worth of vehicles they owned, thereby protecting their
assets from the crusher,” in a scheme run in conjunction with the
Finance & Leasing Association and the ACPO Vehicle Crime
Intelligence Service.
“It’s very interesting to learn how many of these vehicles are
being driven by people the majority of us would consider to be in a
position to afford insurance, yet have been caught persistently
avoiding paying premiums.”
Forty-three of the UK’s 52 police forces use HPI Crushwatch,
with West Yorkshire, Strathclyde and Merseyside forces notching up
the highest total value of seized cars, followed closely by
Hertfordshire and Lancashire. The five leading forces accounted for
at least £19.7m of the £31.37m worth of vehicles recovered in
2011.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataAn interview with DCI Mark Hooper of the ACPO Vehicle Crime
Intelligence Service appears in the
latest issue of
Motor Finance
magazine.
Top 10 HPI Crushwatch recoveries in 2011 by
value
|
1. Ferrari |
458 Italia DCT S-A |
£151,475 |
|
2. Ferrari |
California 2 Plus 2 |
£115,100 |
|
3. Ferrari |
California 2 Plus |
£ 92,800 |
|
4. Audi |
R8 Spyder Quattro |
£ 90,190 |
|
5. Lamborghini |
Gallardo Spyder |
£ 85,725 |
|
6. Ferrari |
F430 Spider F1 |
£ 74,950 |
|
7. Bentley |
Continental GTC |
£ 72,100 |
|
8. Ferrari |
F430 Spider F1 |
£ 64,400 |
|
9. Lamborghini |
Gallardo |
£ 64,300 |
|
10. Lamborghini |
Gallardo |
£ 64,000 |
Top 10 HPI Crushwatch models most commonly recovered
in 2011
|
1. |
Astra |
373 |
£1,518,756 |
|
2. |
Focus |
333 |
£1,602,856 |
|
3. |
Corsa |
261 |
£910,094 |
|
4. |
Fiesta |
209 |
£860,803 |
|
5. |
Golf |
206 |
£1,338,966 |
|
6. |
Transit |
172 |
£748,678 |
|
7. |
3 |
166 |
£1,176,584 |
|
8. |
Vectra |
152 |
£372,564 |
|
9. |
Megane |
135 |
£411,130 |
|
10. |
206 |
125 |
£191,524 |
Top 5 marques most commonly recovered by HPI
Crushwatch in 2011
|
Vauxhall |
1072 |
|
Ford |
971 |
|
Volkswagen |
366 |
|
Peugeot |
263 |
|
Renault |
254 |
Top ten total value of Crushwatch finance hits by
police force in 2011
43 of the UK’s 52 Police forces use HPI Crushwatch,
including 349 recovery agents on their behalf.
|
1. West |
£3,320,383 |
|
2. |
£2,576,220 |
|
3. |
£1,902,792 |
|
4. |
£1,645,661 |
|
5. |
£1,194,078 |
|
6. |
£1,120,076 |
|
7. |
£823,025 |
|
8. Essex |
£597,741 |
|
9. |
£344,614 |
|
10. Bedfordshire |
£190,225 |
