Reports are coming in from around the globe that the theft of catalytic converters is on the increase, industry insurers are implying that there has been an increase of some 550% yes 550% of catalytic theft during 2010 compared to 2009. And it is all because of the precious metals these converters are manufactured with, examples are Platinum, Rhodium and Palladium where prices can be sort in the region as scrap of £600 per ounce.
It seems that 4x4 vehicles are such a good target as they are high off the ground and can be easily worked on to get the converter off the car.
There is talk of now securing the converter to the vehicle using high tensile steel wire, also make sure that if someone is banging around under the car your alarm would be activated, some are suggesting building brackets around the converters.
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