GMI constantly monitors crime trends and activities to help you better protect yourself and your business.
Let’s talk trends. You’ve seen it all over the news and it may have even happened to you. Catalytic converter theft typically happens to vehicles that are parked for prolonged periods in large parking lots such as shopping centers, mass transit commuter lots or company parking lots. Vehicles that sit higher off the ground, such as SUVs, are easier to access and thus more vulnerable. With just a few cuts with a battery-powered saw, the thief can remove the catalytic converter in less than a minute. Catalytic converters are made of precious metals such as platinum that can be sold in the black market for $40-$200 each and it can cost you about $1,000 to replace.
To prevent catalytic converter theft, we recommend these tips:
- Always park in well-lighted areas
- Park close to the entrance to the building or near high traffic areas
- At work, park within a fenced area that’s busy during the day and secured at night
- Engrave your license plate number on the converter to make it traceable
- Consider a catalytic converter theft deterrent system
- Have the converter secured to the vehicle