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Why steal cars when parts will fetch extra? GTA on the rise amid chip shortage

Grand Theft Auto or GTA is taking on a extra particular position of concentrating on key car parts which are fetching the next value in the black market than ever earlier than.

By :
HT Auto Desk

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Updated on:
07 Jun 2022, 12:10 PM

File photo used for representational purpose.
File picture used for representational objective.

The international shortage in automotive parts, primarily semiconductor chip, has given impetus to automotive thieves in lots of nations to up their nefarious actions. And whereas promoting stolen cars could be a massive hassle, stripped parts are fetching a far greater value in the black market than these ever did earlier than. Needless to say, regulation enforcement departments are struggling to maintain observe of such crimes.

The international shortage in essential parts has led to manufacturing and supply-side points in lots of markets. The ready time for brand new cars is commonly into months at the very least and as much as two years in some cases. The costs of pre-owned autos has additionally elevated in lots of nations because of folks unwilling to attend lengthy durations. But what about present autos in international roads?

Take the case of the UK as an example. Police officers in lots of parts of the nation have reported a rise in automotive thefts the place the accused make off with parts as a substitute of the total car. “People will work by the night time in industrial areas, and generally these autos have been stripped in a matter of hours. The parts are then being offered and the shells ready for scrap,” Superindent Jim Munro of West Midlands Police was quoted as saying in a report in The Sun. “We’ve seen points round microchips, but additionally specific car parts which have been troublesome for folks to pay money for. Some of these parts are being offered for fairly excessive costs as a result of the demand.”

While quantity plates stay the most typical of car parts stolen, catalytic converters that verify exhaust emissions on a automotive is one in all the costliest part being focused. The presence of key metals in catalytic converters and the undeniable fact that it might solely take a couple of minutes to strip a car of it makes these extremely fascinating for these with legal intentions.

As such, car house owners are being more and more requested to stay vigilant and preserve their cars parked in well-lit areas and ideally beneath CCTV feed.

First Published Date: 07 Jun 2022, 12:10 PM IST

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