Catalytic converters theft is on the rise. It may sound strange that a piece of the exhaust system is so highly prized. So why would anyone go to the trouble of crawling under a vehicle with tools to remove it?

The answer is palladium. It’s a durable, corrosion-resistant metal. Because it reacts with carbon monoxide, palladium is ideal for scrubbing carbon monoxide from car exhaust. Manufacturers use so much palladium for this purpose that the cost of the metal has gone way up. The price of palladium has even exceeded the price of gold.

Palladium isn’t the only valuable metal used in catalytic converters. Platinum is also necessary. While the price of platinum is about 60% of palladium’s price, it’s still rather costly.

Larger vehicles appear to be very attractive targets for this type of theft. This is because the size of the converter is related to the engine’s output. The converters on trucks and SUVs are therefore more attractive to steal. That kind of value attracts people who are willing to steal. If your dealership isn’t properly protected, you have a lot to lose.

The Benefits of Working with NVMC Solutions

At NVMC Solutions our goal is to deter crime before it can result in vandalism, burglary, employee theft, armed robbery, and more. Live video monitoring is a smart, safe alternative to traditional video surveillance. The benefits are vast and using the right system will give you a valuable set of eyes on your most important areas. Live remote video monitoring offers an affordable alternative to keeping a large staff of on-site security guards. When you use our live remote monitoring services, you instantly increase the effectiveness of your security. Also, you can increase response time, potentially catching criminals before they’ve left the property.

If you would like more information about our customized live video monitoring solutions to protect your dealership, please contact us.