Tweet. The critical reason that people hear more and more about stolen catalytic converters is that these parts are moneymakers. They consist of platinum, rhodium, and palladium, all of which are precious metals. Because of this, a converter’s scrap value can yield well over $200 per piece, and some larger, rare converters can even fetch over $1000, based on the metal’s current scrap …
Unfortunately, law enforcement has noted a significant increase in the amount of catalytic converters being stolen from vehicles over the past few years. While there are may valuable commodities that people can easily steal and sell, catalytic converters are especially valuable because they contain precious metals. However, there is no need to panic.
Why people steal catalytic converters and how to stop them
While not always the case, thieves targeting a catalytic converter will go for vehicles that are higher off the ground due to the ease and efficiency of the crime.
Thieves are stealing catalytic converters from vehicles (including RVs) all across the country. The National Insurance Crime Bureau released statistics that show these thefts are up over 300% compared to previous years. Several states are even taking legislative action to reduce these occurrences. So why are people stealing catalytic converters?