The catalytic converter is a device fitted mostly on gas or diesel-powered vehicles and is mandated in the UK since 1992. Catalytic converters include materials that neutralize nearly 90% of toxic gasses in the engine exhaust contributing to the smog.
Many vehicles on UK roads are equipped with catalytic converters; thus the catalytic converter theft has also become a genuine concern – no matter if the vehicle is your possession or a company fleet.
Why has catalytic converter theft increased?
Catalytic converters consist of a certain amount of metals such as platinum, palladium, and rhodium, but since they are costly, they are sold in hefty amounts when stolen. For example, they can be sold for as high as £500 in the market.
Catalytic converter theft is also relatively concise – With reports suggesting they can be extracted even within a minute.
So, we have two crucial aspects to shed light upon – ease of theft and the high resale rates of the catalytic converters in the market. With the rising cost of living, the possibility of theft may worsen. As well as, the supply chain demand will play an essential role with the increasing amount of stolen catalytic converters that are sold.
How much does catalytic converter theft cost your fleet?
The cost of getting the catalytic converter stolen can be consequential for fleet owners.
It’s not just about getting involved in the replacement of the catalytic converter and the additional repair costs that may have damaged your fleet during the theft. Still, you also have to face the downtime issue your fleet will go through, which means you won’t be able to operate for an ample amount of time.
A single catalytic converter’s replacement and installation cost can be more than £1,300.
What should you do if your catalytic converter is stolen?
If your catalytic converter is stolen, we suggest you immediately report the police and your insurer to claim the repairs on your insurance policy. It’s possible to skip the cost, as most insurance policies will cover you if your catalytic converter is stolen.
How to prevent catalytic converter theft?
Where catalytic converter theft is ever increasing, it’s crucial to know how to protect your fleet and prevent theft from happening. Below are a few steps to prevent catalytic converter theft.
- Preferably, keep your vehicle inside a garage overnight.
- If it’s not doable to park in the garage, be cautious about where and how you are parking. Ideally, it’s preferred to park in a well-lit area or where CCTV is available. (You can look for your own installation of CCTV to keep your vehicle in a driveway overnight)
- Avoid parking your fleet half on the pavement to make the theft harder for thieves.
- You can ask your garage to mark a serial number on your fitted catalytic converter which will make stolen goods hard to be sold in the market.
It’s crucial to manage the risk in case of the rise in catalytic converter theft which will not only protect your fleet but also prevent you from becoming a target in theft.