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.
Catalytic converters average from $800 all the way up to $1,200 even for a used one. These thefts cause more work for mechanics and hurt the pockets of their customers. "If somebody’s lucky, they …
Why Do People Steal Catalytic Converters? – NAPA Know …
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For this reason, thieves often steal catalytic converters to extract and sell the precious metals they contain. A thief might also target this part for its as-is resale value. Catalytic converters can be expensive to replace when they’re broken, with some selling for more than a thousand dollars.
Money is the main reason catalytic converters are often stolen. They contain three metals that aid in the chemical reaction that makes …
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Who is buying the stolen catalytic converters?
Catalytic converter theft increased in Utah by 585% from 2018 to … “They have to go after the people that are buying; they have to figure out who’s buying the stolen converters,” Jones said. “If they can stop that, then the market will go away.”
What to do if your catalytic converter is stolen?
The first thing you should do if you discover the theft is to file a police report with the local authorities. Filing a report will help police track such crimes and might assist with any arrests that might be made. Ask your mechanic if driving your specific vehicle without a catalytic converter is a safe option or if it will further damage it.
Why are so many catalytic converters stolen?
So why are people stealing catalytic converters? Over the last few decades more and more countries have been enacting stricter and stricter emission standards, so there’s more demand for catalytic converters, which means there’s more demand for their metals.
Which catalytic converters are worth the most?
Thieves go after catalytic converters because metals like rhodium, palladium and platinum found inside the parts on certain vehicles are worth quite a bit of money … Collings said. The most common targets of theft are late-model trucks and SUVs, because …
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