Often asked: What Is The Size Of The Stolen Bike Market?

What percent of bikes are stolen?

In fact, according to the organization’s data, only one in five bikes are ever reported as stolen, less than 20 percent of bike owners even know their bike’s serial number, and only 1 percent of bike owners ever register their bikes with some kind of registry, like 529 Garage.

What percentage of stolen bikes are recovered?

Still, reporting the incident does seem to matter in terms of one’s chance for recovery: two thirds of recovered bikes were reported. But only 2.4 percent of stolen bikes were recovered.

How many bicycles are stolen each year?

On average, over 188,500 bicycle thefts are reported stolen each year in the United States, a statistic that in itself is staggering when one also considers the number of bicycle thefts that go unreported.

Where do most stolen bikes get sold?

Check ebay, Gumtree, craigslist. Check out the listings on ebay, Gumtree and craigslist. Thieves will often try to sell stolen bikes through these sites.

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Do bike thieves get caught?

Redbridge saw bike theft fall by 30% and Hounslow by 27.21%. The borough where you’re least likely to identify a bike thief and recover your stolen bike is Bexley, with just over a 0.65% chance of the thief being identified.

Why do thieves steal bikes?

Acquisitive: These thieves steal bicycles for financial gain and usually trade them for cash or goods. The bikes may also be sold in pieces for drugs or money. In Portland, Oregon bike thieves are often drug addicts who provide stolen bicycles to drug dealers in exchange for drugs.

Which bikes get stolen the most?

It perhaps comes as no surprise to see that Specialized hold seven of the top ten most stolen bikes. Top place goes to the Specialized Sirrus, no doubt due to the sheer volume sold and the Brompton M3L in sixth due to its desirability. What about those of us who have to lock up our bikes?

What do thieves do with stolen bikes?

The bikes that go unclaimed, by law, will be returned to the pawn shops where the thief or thieves fenced them.

How can I find my stolen bike?

Here are some quick and easy tips to track it down:

  1. Report your bike stolen to the police.
  2. Call local bike shops.
  3. Visit local markets and impound yards for stolen bikes.
  4. Register your bike as stolen on bike recovery sites.
  5. Search online marketplaces.
  6. Inform your insurance company.
  7. Spread the word.
  8. Conclusion.

How do I keep my bike from being stolen?

8 tips to prevent bicycle theft

  1. Double up your security by using two high-quality locks.
  2. Use your locks to keep your wheels from being stolen, too.
  3. Swap quick-release seat and wheel skewers for ones that require keys.
  4. Make your bike unique.
  5. Try out a smart lock.
  6. Always bring your bike inside at night.
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How do bike thieves break locks?

Wire/cable cutters A pair of hand held cable cutters will snip through most cable locks in seconds. Cheap, inconspicuous and easy to carry around in a coat pocket, this is the tool that’s most commonly used by bike thieves. And it’s worth repeating again: they will cut through nearly all cable locks in seconds.

How do you catch bike thieves?

You may be able to find the same content in another format, or you may be able to find more information, at their web site.

  1. Get the serial number.
  2. File a police report.
  3. Register the theft.
  4. Spread the word.
  5. Use Google alerts.
  6. Do some detective work.
  7. Check online marketplace apps.
  8. Join a bike recovery group.

What do I do if my bike is stolen online?

For non-emergency London crimes, you can report them online. The police will provide you with a unique case reference number. Keep it safe and update the case if you have any further information. It’s very important to get this reference number quickly, especially if you have cycle insurance.

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