Grand theft auto has increased significantly in recent years, with auto repair shops being the most recent victims. Although some people might believe that these thieves are after showy new cars, the truth is quite the opposite. The most commonly targeted makes and models continue to be the older cars, especially the ones that were initially offered in vast quantities.
Key parts can often be obtained quickly enough to go unnoticed right where the car is parked. The theft of catalytic converters is the most frequent of these crimes. Platinum, palladium and rhodium are costly metals that are used in catalytic converters. Even gold is thought to be inferior to the value of rhodium. There are actions you may consider implementing to safeguard your company.
Grand Theft Auto on the Rise
Repair shops are no longer secure due to the rise in auto theft. Whether it is day or night, these thieves could care less. For these thefts to occur, only a minor diversion or a misplaced key fob are necessary.
According to local news, a break-in at an auto repair in St. Louis, Missouri was documented on camera in September. This auto repair company was targeted twice, and the second theft totaled the car and a tow truck. The suspect entered through the window, snatched a number of keys and stole a Kia and a Hyundai.
Easy Money Made by Catalytic Converters
To criminals, easy money comes from the theft and resale of catalytic converters. With simple tools that can be bought at the hardware store, catalytic converters can be removed without difficulty. Because of the precious metals they hold, these parts are only rising in value. Catalytic converters are quite expensive to replace and can take weeks to arrive, which is unfortunate for the owners of these cars.
According to another report from Southgate, Michigan, a police officer was sent to a local repair shop on December 27th around 10 a.m., when the business had about twenty automobiles parked in its front parking spaces. Four of the vehicles, according to the proprietor, had their catalytic converters removed.
Catalytic Converter Thefts Across the Country
Thefts of catalytic converters are now commonplace across the nation, concentrating on maintenance facilities and even towing businesses. Thieves are driven by opportunity and the accessibility of scrap yards. The Hudson Valley is one of the expanding locations for these thefts.
One report details the experience of a Rockland-based car repair business. Surveillance video from the towing and repair shop allegedly depicts a group of burglars approaching his roadside aid truck and taking catalytic converters.
The cost of replacing the specific catalytic converter taken from an affected Nissan model is about $6,000. The accountability placed on the repair companies because of these crimes extends beyond only how they affect the owners.
Best Practices to Minimize your Risk
While catalytic converter theft and auto theft can feel impossible to prevent, there are some actions your aftermarket business can take to reduce your risks. Consider implementing these tips:
Put procedures in place– Once a customer transfers their vehicle into your care, you should always be aware of its location. Establish a system through which each car passes and ensure that all personnel adhere to this method.
Make a show of security– Visible security cameras can be useful to deter theft. They can also capture evidence for prosecution by capturing thieves entering the property.
Control the access to vehicles– Keeping vehicle repair and storage areas clear of non-employees can minimize the risk of damage and theft. Controlling access can help prevent a distracted worker from being injured by a robbery, where it only takes a split second to take a car.
Review and reassess your risks– Review your anti-theft procedures regularly to help reduce your risks. As your risks change, reevaluate to make sure you are prepared.
To shield your company from these and other threats, Lockton Affinity offers specialized insurance coverage, tailored for aftermarket businesses. For more information and additional risk management resources, go to LocktonAffinityAftermarket.com.
