TK4
Well-known member
57 motorcycles stolen from KTM's Montreal warehouse - Adventure Rider
KTM Canada has been hit by a massive motorcycle theft, with 57 2022-model motorcycles […]
advrider.com
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57 motorcycles stolen from KTM’s Montreal warehouse
- Thread starter TK4
- Start date
advrider.com
afici0nad0
Well-known member
Yup. Just read up on this. Sucks big time
I've got many questions about the logistics of this. Would these bikes still be crated?
yes.
How many semi-trailers would you need for this then? Three?
sburns
Well-known member
You doing a pick up of some bikes?
Article says they will probably be shipped back to Europe and sold in countries where registration is a lot looser, so more like Bulgaria than Germany.
But that raises more questions for me. Is the profit margin that good that it will cover a transatlantic shipping cost and overland transfer? Plus all that risk? After all, these bikes have to be sold under MSRP, otherwise the buyer will just buy a legit KTM.
I'm sure they sell KTMs in Bulgaria...
Not like it's some ultra-rare $500K exotic car. It's a $15K mass-produced motorcycle...
But that raises more questions for me. Is the profit margin that good that it will cover a transatlantic shipping cost and overland transfer? Plus all that risk? After all, these bikes have to be sold under MSRP, otherwise the buyer will just buy a legit KTM.
I'm sure they sell KTMs in Bulgaria...
Not like it's some ultra-rare $500K exotic car. It's a $15K mass-produced motorcycle...
TK4
Well-known member
Mad Mike
Well-known member
Depending on the types of bikes stolen, 1-2.
bigpoppa
Well-known member
ultra rare exotic car is probably easier to track
I imagine on product acquired via theft, every dollar is pure profit.
Not if you have to ship it across the ocean and than transport it via truck to your intended destination as the article was implying.
what I was thinking. at $10,000 ave per bike fire sale price, that's $570,000. Not sure transport costs, maybe someone in logistics could break it down.
Doesn't make sense to ship it back to Europe. I think it's chop shop and then sold as parts, that would probably be the right answer.
There are some special edition models on that list that would be a crying shame to be chopped up.
There are some special edition models on that list that would be a crying shame to be chopped up.
Last I heard was ~$37,000 to bring a container this way. Wouldn't be that surprised if it was much cheaper to send a container that way. It could be <$1000 a bike to ship them east.
Assuming it is an organization not a chain of independent contractors, cost to acquire roughly zero (use stolen tractor trailers to pull stolen trailers so it's not even your fuel), they go on a boat in Montreal and end up in europe (I suspect <$1000 per bike), they get overland transport to questionable country (<$1000 per bike). So your COGS is <$2000 per bike. Seems like lots of room there to sell at a good margin. I suspect the special bikes will get stripped and rebuilt on clean VIN's as they will be worth more that way than factory original with a hot VIN. Put the normal parts on the hot VIN and it is less identifiable.
bigpoppa
Well-known member
I agree, the logistics just don't make a lot of sense to me. Though clearly they do to someone as this doesn't seem like an amateur job. The headache of arranging transport, shipping, finding a buyer(s) for that number of bikes.
If I was a bad guy, much easier and simpler with the same profit to steal a couple exotics and ship them to countries that would be friendly.
If I was a bad guy, much easier and simpler with the same profit to steal a couple exotics and ship them to countries that would be friendly.
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