A study by Volkswagen Commercial Vehicles shows that more than half of all van drivers (57%) who own tools are at risk of overnight theft, as they leave their tools and equipment in the vehicle. However, a third of drivers (31%) have not invested in alarms, secondary locks or vehicle trackers.
London is reportedly the hotspot for tool theft, with 55% of tradespeople having equipment stolen from vans over the last year, followed by the West Midlands (33%) the North East (28%), North West (25%) and East Anglia (23%). On average, 20,000 cases are reported to police forces across the UK every year, with an estimated cost of replacement running at around £15m a year. There is often an additional cost however, as tradespeople have to take time out of work to replace tools and equipment, leading to lost income. VWCV predicts that this type of downtime can cost as much as £550 a day per van.