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A person can also be charged with felony larceny if he possesses or receives a stolen vehicle. However, under G.S. § 20-106, it is a Class H felony to possess, receive, or transfer a vehicle that a person knows or has reason to know is stolen no matter what its value.Possession of a stolen car is a serious crime, and you could face significant penalties if convicted, including Class H felony charges. In North Carolina, possession of a stolen vehicle is a felony. That's serious stuff if you're convicted. Trust the North Carolina stolen vehicle lawyers at King Law to handle your case. Call a stolen vehicle possession lawyer in NC at King Law now. Receiving or possession of stolen goods as provided in subsection (c) of this section is a Class H felony. Our Client was charged with being in possession of a stolen motor vehicle in Massachusetts, which is a felony. Being in possession of a stolen vehicle can lead to serious penalties including fines, imprisonment, probation, and court-ordered sanctions.