Word: chryslers
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Dates: during 1930-1939
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Chicago insurance rates are based on three factors: 1) the number of cars of a given make registered; 2) the number (of the same make) stolen and 3) the average loss on each stolen car.* The average loss on a stolen Chrysler is $225, the number of thefts 21.4% of registrations old and new. The theft-ratio for Walter P. Chrysler's two lowest price cars is even higher-44.5% for De Sotos, 80.6% for Plymouths. But the average loss is less-$80 on a Plymouth. So the Plymouth rate is only...
...Chrysler's cars have been specially honored by thieves because they have speed and a quick getaway-useful not only to the thief but to the thief's gangdom customers. One ''mob'' is reported to have standardized on Plymouths for the current year...
Many stolen cars are not resold but stripped of their wheels, lights, batteries, bumpers, etc. The stripped car is then dumped in the street and the parts sold to dealers who specialize in repairing stripped cars. Chicago strongly suspects that some Chrysler dealers eke out their incomes by buying spare parts cheaper than they can be got from the factory, even suspects some dealers of being in direct cahoots with gangs...
...Chrysler's products are not however the only Chicago cars stolen, for thieving is there a highly organized business. Youngsters equipped with keys, devices to short circuit ignition switches, etc., are hired to do the actual thieving. They drive the stolen car to an agreed spot where others pick it up and take it to a fence who strips it, dumps it out in a deserted street. A policeman finds it. and he (probably not having been paid for several months) may take off a few more parts to help support his family. The police then...
...Chrysler models are being equipped with non-pickable steering locks which will soon become standard on Plymouths and De Sotos. Strangely enough insurance companies are partly blamed for the thieving: out of false economy they have often saved on repair bills by having cars fixed by garages at cut rates (i. e. with stolen parts...