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 rate.
Why Do People Steal Catalytic Converters? Catalytic converters are a prime target for thieves because the metals used in the converter are highly valuable. In the older models of the Prius, a catalytic converter has higher levels of these sought-after metals.
Why people steal catalytic converters and how to stop them
Thieves can steal your catalytic converter in just a matter of a minute or two. Recently, experts said the rise in these thefts is due to the high price the catalytic converter is worth.
A catalytic converter is part of your car’s exhaust system that converts harmful engine-exhaust pollutants into something less harmful to the environment through a chemical reaction. Typically …