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Monday, 23 May 2022 12:11

12 Organizations Unite to Support Catalytic Converter Anti-Theft Proposal

Written by Auto Remarketing Staff

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Catalytic converter theft now is getting attention on Capitol Hill.

The National Automobile Dealers Association, joined by 12 industry partners, sent a letter on May 16 to U.S. House Energy and Commerce Committee Chairman Frank Pallone (D-NJ) and Ranking Member Cathy McMorris Rodgers (R-WA) in support of H.R. 6394, a bipartisan bill to combat rising catalytic convertor theft in the U.S.

 

According to an NADA news release, the “Preventing Auto Recycling Theft (PART) Act” is the first congressional proposal to address the growing national problem of catalytic converter thefts, which are costing businesses and vehicle owners millions of dollars annually. CARFAX recently highlighted the top 10 models being impacted.

 

“Catalytic convertor theft is a major concern for dealers nationwide,” NADA President and CEO Mike Stanton said in the news release. “The PART Act would help deter catalytic converter thefts that are impacting dealerships, fleet businesses and consumers alike.”

 

Signers of the letter that can be seen via this website included:

 

  • National Automobile Dealers Association
  • National Independent Automobile Dealers Association
  • American Car Rental Association
  • American Truck Dealers
  • American Trucking Associations
  • Major Cities Chiefs Association
  • NAFA Fleet Management Association
  • National Automatic Merchandising Association
  • National Insurance Crime Bureau
  • National Private Truck Council
  • National Sheriffs’ Association
  • National Tank Truck Carriers
  • The National RV Dealers Association

 

NADA explained catalytic converters are being stolen at increasingly higher rates due to their valuable metals, such as rhodium, platinum and palladium. The association noted stolen catalytic converters can garner anywhere from $20 to $350 on the black market, and the replacement cost to vehicle owners can be as high as $2,500.

 

At present, NADA acknowledged thefts are hard to combat as...


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