In this paper yearly variations in the rates of recovered stolen vehic
les are viewed as measuring changes in levels of joyriding and short-t
erm transportation offences. Rates of unrecovered stolen vehicles are
shown to reflect instead variations in levels of chopping, retagging,
and other fencing activities. We analyse one specific setting (the pro
vince of Quebec, Canada) where the amateur demand for stolen vehicles
decreased substantially while the professional demand for such theft t
argets simultaneously increased.