Social Media Tutorials Fuel a Rash of Hyundai and Kia Thefts

  • Hyundais and Kias became common targets for thieves in 2023 due to social media videos showing how to steal them with a screwdriver and USB cable.
  • Six of the top 10 most stolen cars were Hyundai or Kia models in 2023, according to the National Insurance Crime Bureau (NICB).
  • Older Hyundai and Kia models lack an engine immobilizer, making them easier targets.
  • Both companies have released software fixes and provided free anti-theft devices for owners.
  • Common-sense steps like parking in well-lit areas and using tracking or immobilizing devices can help protect cars.

In 2023, the National Insurance Crime Bureau (NICB) reported an increase in stolen Hyundai and Kia models due to social media videos teaching thieves how to bypass their security systems. Both automakers have released software fixes and free anti-theft devices for owners, but the issue persists. To protect your car, park in well-lit areas, use tracking or immobilizing devices, and report thefts promptly.

Factuality Level: 8
Factuality Justification: The article provides accurate and objective information about the increase in thefts of Hyundai and Kia vehicles due to a vulnerability in their older models, and offers advice from the National Insurance Crime Bureau on how to protect cars. It also mentions the steps taken by the automakers to address the issue.
Noise Level: 6
Noise Justification: The article provides some useful information about the increase in thefts of Hyundai and Kia vehicles due to a vulnerability in their older models, but it is mostly focused on reporting the statistics and recommendations from the National Insurance Crime Bureau. It lacks deeper analysis or exploration of the underlying reasons for this trend and does not offer significant insights beyond basic security tips.
Public Companies: Hyundai (000270), Kia (+1.95%), Chevrolet (not available), Honda (HMC, +1.28%), Ford (F, -0.81%)
Key People:

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Financial Relevance: Yes
Financial Markets Impacted: The increase in thefts of Hyundai and Kia vehicles may impact insurance costs for owners, potentially affecting their financial situation.
Financial Rating Justification: While the article primarily discusses car theft trends, it also mentions that both Hyundai and Kia have launched software fixes to address the issue and provided free anti-theft devices to owners. This could lead to changes in insurance costs as insurance companies may adjust premiums based on the effectiveness of these measures.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.

Reported publicly: www.marketwatch.com