We are independent & ad-supported. We may earn a commission for purchases made through our links.
Advertiser Disclosure
Our website is an independent, advertising-supported platform. We provide our content free of charge to our readers, and to keep it that way, we rely on revenue generated through advertisements and affiliate partnerships. This means that when you click on certain links on our site and make a purchase, we may earn a commission. Learn more.
How We Make Money
We sustain our operations through affiliate commissions and advertising. If you click on an affiliate link and make a purchase, we may receive a commission from the merchant at no additional cost to you. We also display advertisements on our website, which help generate revenue to support our work and keep our content free for readers. Our editorial team operates independently of our advertising and affiliate partnerships to ensure that our content remains unbiased and focused on providing you with the best information and recommendations based on thorough research and honest evaluations. To remain transparent, we’ve provided a list of our current affiliate partners here.
Automotive

Our Promise to you

Founded in 2002, our company has been a trusted resource for readers seeking informative and engaging content. Our dedication to quality remains unwavering—and will never change. We follow a strict editorial policy, ensuring that our content is authored by highly qualified professionals and edited by subject matter experts. This guarantees that everything we publish is objective, accurate, and trustworthy.

Over the years, we've refined our approach to cover a wide range of topics, providing readers with reliable and practical advice to enhance their knowledge and skills. That's why millions of readers turn to us each year. Join us in celebrating the joy of learning, guided by standards you can trust.

What Was the Biggest Auto Theft in History?

Updated: May 23, 2024
Views: 3,965
References
Share

It's hard to believe that arguably the greatest car theft in history hasn't been made into a movie.

It happened in 1974, during a time when North Korea was more financially solvent than it is today and Sweden was eager to find new trading partners. Swedish officials made what seemed like a great deal with the developing nation, sending it more than $70 million USD worth of heavy machinery and 1,000 1973 Volvo 144 sedans. In 1975, Sweden even became the first western nation to open an embassy in North Korea.

But the machinery wasn't put to use, and the requests for payment that Sweden sent every six months weren't getting paid. In fact, they still haven't been, and as of 2017, the North Korean debt to its Scandinavian trading partner has grown to approximately $322 million USD.

While the Volvos are now 45 years old, some can still be seen on the streets of Pyongyang, shuttling passengers around town as taxis. The Swedish embassy is also still in use, and has allowed the Swedish to conduct humanitarian aid missions and act as a go-between for the West and North Korea.

"The Swedes have often played that kind of a role in diplomacy of various kinds," said Jonathan Pollack, a senior fellow at the Brookings Institution think tank. "They are seen, in some measure, as an honest broker."

Dude, where's my car?

  • The most commonly stolen car in the United States is the Honda Civic, with five thefts per every 1,000 vehicles.

  • In 2019, Albuquerque, New Mexico, saw the most car thefts, with 7,146, but five California cities were among the top 10.

  • According to some statistics, New Zealand has the highest auto-theft rate in the world.

Share
WikiMotors is dedicated to providing accurate and trustworthy information. We carefully select reputable sources and employ a rigorous fact-checking process to maintain the highest standards. To learn more about our commitment to accuracy, read our editorial process.
Link to Sources
Discussion Comments
Share
https://www.wikimotors.org/what-was-the-biggest-auto-theft-in-history.htm
Copy this link
WikiMotors, in your inbox

Our latest articles, guides, and more, delivered daily.

WikiMotors, in your inbox

Our latest articles, guides, and more, delivered daily.