Fleet businesses urged to protect their vehicles from catalytic converter theft
A national insurance broker is warning businesses to take precautions as the theft of catalytic converters from vehicles increases.
According to latest figures the practice, which involves removing the
converter from the exhaust pipe to sell onto scrap metal dealers, has
doubled from 1100 incidents to 2300 over a five month period as the
value of platinum, palladium and rhodium from which the converters are
Bluefin Insurance, which has 45 offices
across the country, says that not only can the cost of replacing the
catalytic converter be high, but the damage caused to the vehicle can
also be extensive. Businesses with fleets of vehicles are particularly
vulnerable because thieves can hit multiple vehicles in a single
location, adding up to thousands of pounds worth of damage.
A Bluefin spokesperson said: “Prices for scrap metal have been on a
general upward path since late 2008 which, along with the global
economic recession, has revived criminal interest. It may only take a
few seconds for the thief to remove the converter but it can cause major
disruptions to a business if several vehicles are targeted, costing a
small fortune to repair and halting operations for several days.”
Vehicles that sit higher from the ground such as trucks, recovery vehicles, pickups and
SUVs are particularly vulnerable to catalytic converter theft because
thieves can slide underneath without having to jack up the vehicle.
“Corporate fleets should take precautions to protect their vehicles such
as storing them in a locked building or yard where possible. Installing
security lighting and cameras will also act as a deterrent to thieves.”
Bluefin also suggests engraving the vehicles’ licence plate number onto
the converter to make it traceable which may also make thieves think
twice about taking the part and help local police investigations.
Tips to prevent catalytic converter theft
• Always park in well lit areas
• Park within a fenced area or locked building whenever possible
• Engrave licence plate number on the converter to make it traceable
• Check out the difference types of catalytic converter theft deterrent systems at your local auto parts store