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Thieves make off with $250,000 worth of Chevy wheels..


blwnsmoke

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Considering the extent of the loss and how quickly they achieved the task at hand, they were obviously well organized. Our dealership had a few similar losses a few years ago but on a much smaller scale. A high end F-150 had tires and wheels stolen that cost our store about $8-10,000 to replace. Since then, every new vehicle has wheel locks installed. Even so, we still had the wheels and tires stolen off a vehicle that had wheel locks but there's not much a Dealer can do beyond installing wheel locks.

 

Just a couple of years ago there was a big problem with F-Series tailgates being stolen so the tailgates were all being locked at the rail ramps where the vehicles are off loaded from rail cars before being loaded onto car carriers for delivery to the dealers.

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I would surely think this dealership would have cameras installed. If not, that's a shame. Even if they don't capture the smoking gun, they can capture enough to analyze against other video footage from the surrounding area, which is a very effective tool.

 

On another note, does the status of these vehicles change since the oem wheels were removed? Not suggesting salvage by any means, but new/other or something?

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I would surely think this dealership would have cameras installed. If not, that's a shame. Even if they don't capture the smoking gun, they can capture enough to analyze against other video footage from the surrounding area, which is a very effective tool.

 

On another note, does the status of these vehicles change since the oem wheels were removed? Not suggesting salvage by any means, but new/other or something?

They don't have to disclose anything. They will just put oem wheels and tires on them and sell as nothing happened. Its possible they may put aftermarket wheels on them and sell as an upgrade.

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On another note, does the status of these vehicles change since the oem wheels were removed? Not suggesting salvage by any means, but new/other or something?

 

 

They don't have to disclose anything. They will just put oem wheels and tires on them and sell as nothing happened. Its possible they may put aftermarket wheels on them and sell as an upgrade.

 

 

I'd assume most states are like NC (in the linked example below) and do not require any disclosure for the replacement of tires / wheels.

 

However, if there was damage caused by the removal of the wheels (body and / or undercarriage suspension damage from the vehicles sitting on the ground) that exceeded a certain threshold (which is different for each state) then they do need to disclose to any buyer. I'd assume most dealers could get away with not disclosing, but since this is a high-profile event, maybe not these guys.

 

 

http://www.autoblog.com/2015/12/06/new-car-damage-repair/

 

 

Most states set a threshold of three to six percent of the MSRP as the required amount for disclosure to a buyer. I recently purchased a Subaru WRX in North Carolina and took a look at the local disclosure laws. In NC, the law states that dealers are required to disclose damage on new cars that exceeds five percent of the MSRP but are not required to disclose damage to glass, tires, or bumpers if the items are replaced with original-equipment parts. This means that the WRX I purchased with an MSRP of $28,138 could have up to $1,400 in repairs and the dealer would not be required to disclose it.

Edited by Anthony
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Considering the extent of the loss and how quickly they achieved the task at hand, they were obviously well organized. Our dealership had a few similar losses a few years ago but on a much smaller scale. A high end F-150 had tires and wheels stolen that cost our store about $8-10,000 to replace. Since then, every new vehicle has wheel locks installed. Even so, we still had the wheels and tires stolen off a vehicle that had wheel locks but there's not much a Dealer can do beyond installing wheel locks.

 

OEM Wheels are overpriced to stupidity...

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Wasn't the carbon fiber wheel from the GT350R was it?

 

It seems like this was an otherwise normal wheel but I can't remember for sure. I wouldn't be shocked at a $2000 price for a carbon fiber wheel, and I remember being quite shocked at this one.

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I had to replace a single rim on my '97 Cobra once because it got bent. That wheel was $300. Could NOT believe it.

 

 

My old man got cut off in his 86 Escort GT and he spun it out (the Erica gen Escorts where notorious for bad emergency control) and smacked up against a curb...IIRC the wheels back then were like $300-600 each!

 

The other odd thing about OEM wheels...my Focus SVT had 5 spoke wheels that got damaged really easy from potholes (partly because the Continental tires where so soft) and I winded up replacing them with European Appearance package wheels, which was part of the EAP that was offered on later Focus SVTs...and if my memory serves me right, they where only $100-150 a wheel!

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