Mexico's Crime Wave Spirals Out Of Control As Auto Thefts Surge

Tyler Durden's picture

For a country that generates roughly 10% of its GDP from tourism, mostly from Americans, Mexico's surging violent crime rates, courtesy of its notoriously brutal drug cartels, is quickly becoming a 'yuge' economic issue.  As we recently noted, more Americans have been killed while traveling abroad in Mexico than any other country, by a staggering margin, no less.  



And while Mexico would love to shake it's bad rap when it comes to violence, the negative datapoints just continue to pile up.  The latest such data comes courtesy of Mexico's car insurance association Amis, which found that auto thefts spiked in March 2017 by over 20% and current stand at multi-year highs.  Per Bloomberg:

In March, the number of auto thefts rose 21 percent from the same month a year earlier, according to numbers from the car insurance association known as Amis. Meanwhile, the recovery rate -- the percentage of stolen cars that police were able to recover -- dropped to its lowest since at least 2005.


The car-theft trend “will continue throughout the second quarter which will, in turn, have an impact on first-half returns," Francisco Uriostegui, an analyst at Moody’s who helped write the report, said in an interview. “In the end, it’s the customer that will have to pay more, for a higher premium and it’ll be due to a drop in the recovery rate for these vehicles."



And while auto thefts may not seem all that threatening, it is just another datapoint that suggests an alarming trend in overall violence in a country that already leads the U.S. State Department's ranking for most travel warnings.



Oddly enough, no amount of State Department warnings have yet caused Americans to curb their appetite for those cheap Cabo vacations...



Though we suspect it's only a matter of time.

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logicalman's picture

What happens when all the cars have been stolen?

silverer's picture

Donkeys are next. Then mules.

Archibald Buttle's picture

rehypothecation first? that seems to work for a lot longer than any sane person would have imagined.

PitBullsRule's picture

Here's another scoop, don't drink the water.

Weirdly's picture

$3 water bills.  Buy a filter.

God is The Son's picture

RANK 1 Country USA : Syrians Killed 500,000

God is The Son's picture

TRUMP is useless.. Israeli Firster, Supporting Jihadist SCUM in SYRIA

moorewasthebestbond's picture

Bring back Apartheid... or better yet, chattel slavery!

Weirdly's picture

I bet 80% of the stolen cars are volkswagen beetles because VW stopped parts support and parts are super hard to find now.  Bone yards are stripped clean.

NA X-15's picture

I observed all three lists:

Top 25 Countries By Americans Killed

Top 25 Countries By Travel Warnings Issued

Percentage Change In American Travelers After Warnings Issued

Russia didn't make any of them, I'm sure that was a mistake.....







joego1's picture

That matches Chicago and so if you stay away from places like Chicago Mexico you will be ok down there.

Sam Spayed's picture

Who in their right mind would vacation in criminal Mexico with all the other places they could go?????

azusgm's picture

Because Oaxaca is in Mexico.

Megaton Jim's picture

A MOAB on Mexico City sounds better and better all the time!

Sudden Debt's picture

hhmmm... there's actually 1 country in the world that's even worse then Mexico...

It's called the banana republic of America

Fireman's picture

Whatever USSA touches turns to s#it. What chance did Mexico ever have against the snaggle-toothed anglozionazi filth that stole half of its nation.

"Poor Mexico, so far from God and so close to the (not so) great Satan."  to paraphrase Porfirio Diaz.


When USSANS stop plugging their orifices with every type of chemical poison their drug lords (CIA slash DEA) can sell them then the Mexican cartel burros will shrivel and die instead of USSA'S teeming, murderous slums. But of course USSANS like their Israeli tribal masters are always the first to blame their victims.

Otra Piña Colada, pendejo y rapido! 


Miss Informed's picture

The Zionist plan to destabilize the world using the US military is starting to bear fruit