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The vehicle had been reported stolen from the Derbyshire area.
During a search of the vehicle and the driver, officers found a quantity of what is believed to be crack-cocaine with a street value of £1,500 and around £4,000 in cash.
The man was arrested on suspicion of theft, possession of Class A drugs with intent to supply and money laundering.
Following questioning he was released on police bail as enquiries into the incident continue.
Operation Hawk was launched in July 2013, to protect the communities of North Yorkshire from the threat of travelling criminals coming into the county to commit crime.