The UK's bike theft epidemic is costing cyclists billions
"A staggering 70% of riders have fallen victim to theft, according to new research from Novuna Personal Finance. With over 5.6 million cyclists nationwide and the average stolen bike valued at £612.80, the total estimated cost of bike theft has skyrocketed to £2.4 billion.
From public streets to private properties, bike theft has become an increasingly prevalent issue, leaving millions of cyclists frustrated and out of pocket. Our study delves into the most affected areas, the methods used by thieves, and the lasting impact on cycling culture in the UK."
www.novunapersonalfinance.co.uk
"A staggering 70% of riders have fallen victim to theft, according to new research from Novuna Personal Finance. With over 5.6 million cyclists nationwide and the average stolen bike valued at £612.80, the total estimated cost of bike theft has skyrocketed to £2.4 billion.
From public streets to private properties, bike theft has become an increasingly prevalent issue, leaving millions of cyclists frustrated and out of pocket. Our study delves into the most affected areas, the methods used by thieves, and the lasting impact on cycling culture in the UK."
- 70% of UK cyclists have experienced bike theft.
- £2.4 billion - The total estimated cost of stolen bikes across the UK.
- 51% of thefts occur in public places, while 30% happen at home.
- 46% of stolen bikes were locked at the time of theft.
- 59% of victims bought a new bike outright, with many considering finance options.
Cycling today, gone tomorrow: The cost of UK bike theft
70% of UK cyclists fall victim to bike theft, costing £2.4B. Discover the most affected cities and tips to protect your bike.
www.novunapersonalfinance.co.uk
