According to PartsinMotion.co.uk, thieves are more likely to target catalytic converters on hybrid vehicles.
Prices of precious metals, in particular Rhodium, used in the manufacturing of catalytic converters continue to soar, with hybrid vehicles proving some of the most expensive. This has prompted a dramatic rise in catalytic converter thefts, many off vehicle owners’ drives.
Thieves are said to be focusing on hybrid cars as the catalytic converters found on these vehicles contain a higher concentration of precious metals and are generally less corroded.
Working in partnership with its catalytic converter supplier, BM Catalysts, PartsinMotion.co.uk is looking to raise awareness of the problem and its damaging effects on air quality.
Rhodium, used in the manufacture of catalytic converters, is reportedly one of the most expensive precious metals. It’s also described as one of the rarest elements on Earth and arguably one of the most volatile pricewise. It begun 2020 with a value of just over £4,000 per t oz, before increasing 210% over the following 12 months.
China is one the largest users of Rhodium and its light vehicle market growth, combined with new emission standards, means demand for Rhodium has increased dramatically.
One motor insurer reportedly received 400 claims in one month alone in 2020 for damage caused to vehicles from the theft of catalytic converters.
Matt Gates of Partsinmotion.co.uk, said: “Rhodium is key in reducing harmful vehicle emissions, particularly Nitrogen Oxides (NOx), so thefts from vehicles has wider complications for air quality.
“Replacement catalysts must also meet any relevant durability, noise and vehicle performance requirements.”
