July 21, 2022

atalytic converter thefts present a
growing problem for dealers and their
customers. In 2021, the National Crime
Bureau estimated that more than 52,000
catalytic converters were reported as
stolen, compared with 1,300 in 2018. That’s 40 times as many converters, and it doesn’t include the number of catalytic converters thefts that went unreported. If the repair cost is the size of someone’s deductible, they may not report the theft to the police or the insurance company since they will
have to pay the money either way. Filing a report creates the possibility of increased insurance premiums; not filing
maintains the status quo.

On Jan. 5, 2022, The Washington Post published an op-ed article by Liam Denning entitled “Car Dealership Laws
Aren’t Fit for the Electric Age.” On Jan. 13, 2022, NADA’s president and CEO, Mike Stanton, responded. The following sections contain a summary of the op-ed and Mike Stanton’s response.

We hope our dealership members, elected officials, and automotive industry partners are all thriving here as we navigate the summer months and the current business climate. We are hearing from dealerships throughout Los Angeles County that in spite of industry challenges, new car dealerships continue to prosper. This is happening in spite of inventory shortages, rising interest rates, and concerns of a recession.