Two 4WD utes were stolen from the same street in Orange with one later found burnt out on the other side of town early Saturday morning.
Central West Police District Inspector David Maher said the other ute had also been found.
He said it was not burnt and had been seized by police for forensic examination.
Inspector Maher said the thefts occurred about 1am-1.30am.
"Four unknown males have been observed on Valencia Drive at which time two vehicles were stolen," he said.
"After a short pursuit police located one of the stolen vehicles," he said.
The other vehicle was found nearby.
Inspector Maher said the two vehicles had been parked on the street outside two different premises on Valencia Drive.
He urged owners to make sure their vehicles were locked and secured.
Inspector Maher said police were now seeking CCTV footage related to the incidents.
Anyone with information is urged to contact Orange police station or Crimestoppers NSW on 1800 333 000.
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