Catalytic converters have become hot targets for thieves due to the valuable precious metals they contain. With catalytic converter thefts on the rise, vehicle owners need to take proactive measures to safeguard their cars and prevent falling victim to this costly crime. In this guide, we’ll explore why catalytic converters are being stolen and provide insights on how to protect your car from this growing threat.
Catalytic converters are integral components of a vehicle’s exhaust system, designed to reduce harmful emissions by converting them into less destructive compounds. These converters contain precious metals like platinum, rhodium, and palladium, which are used in chemical reactions to purify exhaust gases.
The surge in catalytic converter thefts can be attributed to the soaring prices of the precious metals contained within them. In recent years, the value of these metals has skyrocketed, making converters an attractive target for thieves. For instance, in the summer of 2023, prices reached as high as $33 per gram for platinum, $42 for palladium, and a staggering $146 for rhodium, far surpassing the price of gold at $68 per gram. Thieves have become adept at swiftly removing converters using cordless reciprocating saws, fetching them anywhere from $50 to $300 when recycled. Hybrid vehicles, which require larger quantities of these metals, can yield even higher profits, sometimes up to $1,500.
Given the persistent threat of catalytic converter theft, it’s crucial to take steps to protect your vehicle. Here are some effective measures:
Catalytic converter theft is a persistent problem, and vehicle owners must be proactive in protecting their cars. By implementing these security measures and staying informed, you can reduce the risk of falling victim to this costly crime and help deter potential thieves from targeting your catalytic converter.