It’s clear that bike crime is a big issue, and it’s one that needs addressing fast. And that’s not just because of how much it impacts the victims. We also know that bike crime is stopping more people from cycling in our cities. It’s time for a solution.
In our last blog, we mentioned 2 questions a thief might ask when considering a target. Firstly, how easy is it to sell, and secondly, how much can I sell this item for? Having dealt with liquidity (or ease of sale) already, let’s now turn our attention to value, and 2 big reasons why stealing bikes is going to be more and more rewarding for criminals in the future.
In our last blog we introduced the bike theft equation – risk vs reward. And we concluded that bike crime is high because the risks of being caught are low.
But that’s only half the story. Over the next two blogs we’ll explore the other half of the question; reward. Today we’re thinking about ease-of-sale, or liquidity. Then we’ll turn our attention to value, in other words how much stolen bikes are worth.
Does the risk of being caught stop theft? And does it work in the case of bike crime? At Deeper Lock we’re on a mission to fight bike crime using smart technology. And in this series of blog posts, we’re going in depth to understand how bike theft works. Today, we’re looking at risk.
Bike crime’s great … as long as you’re Muhammed Ali? But while bike crime may have been the catalyst that turned him into the self-proclaimed ‘greatest’, for us mere mortals it’s nothing to be happy about.