"JLR Range Rovers: Theft Epidemic Triggers Plummeting Values and Soaring Insurance Costs"
Range Rovers have become a prime target for thieves in the UK, leading to a surge in thefts and a decline in their resale value. Criminals have developed sophisticated methods, including relay attacks, to steal these luxury SUVs. The theft epidemic has made it difficult to insure Range Rovers in major UK areas. In response, Jaguar Land Rover (JLR) has invested £10 million in retrofitting older models to enhance their security and reduce thefts. While these measures have resulted in a 40% decrease in stolen Range Rovers, the resale value of the vehicles has dropped by 9.3% due to widespread knowledge of their vulnerability. However, sales of new Range Rovers remain strong, indicating that the thefts have not deterred buyers.