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Security Devices Benefit from Rampant Car Thieve
With car prices increasing every year, consumers are investing heavily
on accessories that can keep their automobiles looking good, but more
importantly ensure the protection of their property.
While automotive accessories may enhance a vehicle's features, it
is the security devices market segment that is experiencing the healthiest
sales.
North American automotive aftermarket for selected accessories including
car covers, racks, roof boxes, vehicle organizers, and security devices,
reveals that this industry generated revenues of $1.05 billion in
2000 and is projected to increase steadily to $3.42 billion by 2007.
Security devices represent the major segment of the North American
car accessory aftermarket in terms of revenues. Since the number of
vehicles in use and car prices are still |
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increasing,
automobile owners are willing to spend more to protect their investments.'
As most car thieves are opportunists, they look for vehicles that
are easy to steal, regardless of age. But as cars age, their parts
become more in demand. A car can be worth several times its value
in the underground market for replacement parts.''
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