auto dealer in black and red logo
MenuMENU
SearchSEARCH

Car Theft Rash Diminishes

Hyundais, Kias that got software upgrades stolen much less frequently.

August 7, 2024
Car Theft Rash Diminishes

Vehicles that get the software update also get a window sticker indicating the antitheft capability in order to deter prospective thieves.

Credit:

Pexels/Alina Rossoshanska

2 min to read


A rash of Hyundai and Kia thefts in the past couple of years has dropped sharply after the South Korean automakers made antitheft software updates to vulnerable models.

The nonprofit Insurance Institute for Highway Safety said the updates, which started last year, have reduced the rate of theft among the vehicles by more than half.

“The companies’ solution is extremely effective,” said Matt Moore, senior vice president of the institute’s sister group, the Highway Loss Data Institute. “If you own a Hyundai or Kia vehicle without an electronic immobilizer, you should call your local dealer about getting the software upgrade today.”

The updates started in February 2023 after thieves targeted models without electronic mobilizers, even posting social media videos to instruct others in their theft methods. IIHS said the software updates allow the vehicles to be started only with the owner’s key or an identical duplicate used in the ignition.

Updated vehicles also get a window sticker indicating the antitheft capability in order to deter prospective thieves.

Hyundais and Kias model years 2011 to 2022 didn’t come with electronic immobilizers as standard, or what IIHS said is about two dozen models.

As of last December, about 30% of eligible vehicles had gotten the software update, and their theft claim frequency has since been 53% below those that hadn’t gotten the upgrade, IIHS said. The claims also cover damage to stolen vehicles, items inside the vehicles that were stolen, and vehicle parts thefts.

The automakers’ theft rates should eventually return to industry normals as criminals become aware many are no longer easy targets “and the fad gets stale,” Moore said.

Hyundai and Kia settled a class-action lawsuit over the thefts in the spring of last year in the amount of $200 million, covering about nine million vehicle owners between them.

In addition to the software upgrade, the companies reimbursed owners for steering wheel locks and worked with AAA to insure effected vehicles. But many major U.S. cities sued them over the thefts, which sometimes ended with episodes of dangerous driving, including collisions, and many attorneys general urged them to do more about the problem, including a recall. Some insurance companies sued them. Part of the models prone to theft weren't eligible for the software update.

 

 

 

More Industry

Dealer Debrief with Lauren Lawrence, 05/07/2026, Auto Dealer Today
Industryby Lauren LawrenceMay 8, 2026

Dealer Debrief: Credit Scores & Exec Moves

In this week's debrief, host Lauren Lawrence covers bad credit scores, executive moves and a dealership acquisition.

Read More →
Shifting Loan Demands A Sign of the Times, Loan Application paperwork with a pen and a car outline, Auto Dealer Today
Industryby Lauren LawrenceMay 8, 2026

Auto Loan Outlook Shows Cracks

Recent survey data shows that the overall demand for auto loans is down, but the demand for subprime loans is up as consumers face economic uncertainty and affordability pressures.

Read More →
Cover image for a BOK Financial report titled “Timing the market: How avoiding volatility entirely can hurt long-term reinsurance program performance.” The image shows several road construction barricades with flashing amber warning lights lined up in a nighttime work zone. Beneath the image, red text explains that avoiding volatility can mean falling behind inflation and missing market rebounds that drive long-term surplus growth. The BOK Financial logo appears at the bottom right.
SponsoredMay 8, 2026

Timing the Market Can Hurt Long-Term Program Performance

For dealer-owned reinsurance entities, avoiding volatility entirely can mean falling behind inflation and missing market rebounds that drive long term surplus growth. Missing just a handful of strong market days can materially impact cumulative returns—an important reminder for long horizon trust and investment strategies.

Read More →
Ad Loading...
Auto Dealer today, Dealer Debrief, 05/01/2026 with Lauren Lawrence
Industryby Lauren LawrenceMay 1, 2026

Dealer Debrief: New & Used Sales Trends

In this week's debrief, host Lauren Lawrence covers new and used vehicle sales trends from March.

Read More →
white Chevrolet Equinox being temperature tested
Fixed Opsby Lauren LawrenceMay 1, 2026

Extreme Temps Hinder EV Efficiency

American consumers might be happy to know that their preferred hybrids are slightly less impacted by extreme temperatures than fully electric vehicles, according to a new study.

Read More →
Photo of woman at desk using a calculator
Industryby Hannah MitchellMay 1, 2026

A Tale of Haves and Have-Nots

A growing number of consumers are stretching the bounds of auto finance to afford today’s expensive vehicles, ultimately paying a higher price for the now-common scenarios.

Read More →
Ad Loading...
Headshot of Michael Orange
Industryby Hannah MitchellApril 24, 2026

Stellantis Names U.S. Sales Head

The former Hyundai and Nissan executive is tasked with increased momentum in the important market as the automaker shifts its strategy amid a turnaround.

Read More →
family in a car, Affordability Out the Window, Auto Dealer Today
Industryby Lauren LawrenceApril 24, 2026

Bad Credit Tanks Attainability

A recent study suggests expectant parents are feeling the burden of bad credit more than other demographics when it comes to buying a new car.

Read More →
Dealer Debrief, 04/23/2026, with Lauren Lawrence, Auto Dealer Today
Industryby Lauren LawrenceApril 23, 2026

Dealer Debrief: Ford HQ and Mercedes Studios

In this week's debrief, host Lauren Lawrence covers Ford HQ renovations, new Mercedes studios, and the state of auto loans in March.

Read More →
Ad Loading...
Dealer Debrief 04/15/2026 with Lauren Lawrence
Industryby Lauren LawrenceApril 17, 2026

Dealer Debrief: Exploding Airbags & Risk Management

In this week's Dealer Debrief, host Lauren Lawrence covers a potential air bag ban and reinsurance and risk management.

Read More →