How much do stolen catalytic converters sell?

Thieves target vehicles like Toyotas, Fords and Hyundais getting under the car to cut the catalytic converters, sometimes in less than a minute. The converters are then sold to junkyards and scrap yards for a couple of hundred dollars. For you to replace it though can cost over $2,000.

How much are they selling stolen catalytic converters worth?

Rise in catalytic converter thefts hits La Jolla

This metal shield was installed over a replacement catalytic converter on a Toyota Prius after the original converter was stolen. A used catalytic converter can be worth about $250 to $500 in recycling, but the cost of replacing it can be many times that.

How much is it to steal a catalytic converter?

It's the internals that they care about." Uresti said it's easy for thieves to get catalytic converters, especially under lifted cars like trucks, because they can get in and out quickly, avoiding detection. Catalytic converters average from $800 all the way up to $1,200 even for a used one.

How much can you get for selling a catalytic converter?

This varies by car and the condition of your catalytic converter. Still, on average, scrap catalytic converters are worth between 300 $ to 1500 $ when sold as scrap at your local wrecking service. In today's world, catalytic converters are no longer being sold as part of a car.

What are the most sought after catalytic converters to steal?

Where Do Stolen Catalytic Converters Go?

Which catalytic converters bring the highest scrap price?

Which Catalytic Converters Are The Most Expensive? According to data from 2020, the most expensive catalytic converter belonged to the Ferrari F430, with a mind-popping $3,770.00 price tag. Moreover, the F430 needed two of them, so a full replacement would run car owners $7,540 before labor costs.

What year cars are targeted for catalytic converter theft?

In the western part of the country, the following cars are the top targets: 2001-2021 Toyota Prius. 1985-2021 Ford F-Series. 1989-2020 Honda Accord.

How much is a catalytic converter worth on the black market?

According to The Pew Charitable Trusts, a global non-profit organization with a focus in public policy, criminals typically sell stolen catalytic converters for $50-$500 to internet buyers or scrapyards.

What happens to stolen catalytic converters?

In the current market, catalytic converters can be resold to recyclers for as little as $50 or to precious metal dealers for as much as thousands of dollars per ounce, reported the National Insurance Crime Bureau (NICB).

Why do thieves want to steal catalytic converters?

According to multiple sources, money is the main motivation for people stealing catalytic converters. According to NJ.com, they have precious metals like platinum and rhodium in them that have value on the black market. Cars.com also mention that the devices have palladium.

Does insurance cover stolen catalytic converters?

Is a stolen catalytic converter covered by insurance? If you have comprehensive coverage on your auto insurance policy, then you're typically covered against catalytic converter theft. Comprehensive coverage will typically pay to replace the stolen catalytic converter and repair any related damage from its removal.

Why are Toyota catalytic converters stolen?

Currently, Prius is being targeted because catalytic converters of hybrids need more of the precious metals to work properly because they don't get as hot as those installed on conventional vehicles, since the combustion engines of hybrids only run part of the time.

How do thieves sell stolen catalytic converters?

Thieves target vehicles like Toyotas, Fords and Hyundais getting under the car to cut the catalytic converters, sometimes in less than a minute. The converters are then sold to junkyards and scrap yards for a couple of hundred dollars. For you to replace it though can cost over $2,000.

Where can I sell my catalytic converter for the most money?

Where is the best place to sell catalytic converters? The obvious answer is – a scrapyard. While selling your catalytic converter to a scrap yard may seem like a better option, be wary of those you sell to.

What is a catalytic converter worth on the street?

Thanks to the increasing prices of the precious metals used in the production — i.e, platinum, rhodium and palladium — an ill-gotten catalytic converter can “typically” fetch between $50 and $250 when sold to an unscrupulous recycling facility, according to the National Insurance Crime Bureau (NICB).

Why do scrap yards buy catalytic converters?

Catalytic converters contain platinum, rhodium, and palladium. The metals are expensive, and thieves sell the converters to scrap yards for several hundred dollars per piece, depending on the size of the converter and the current rate on the metals inside it.

How much is a Ford catalytic converter worth in scrap?

For a Ford catalytic converter scrap, you can get about from 50 USD. This will save some investment оf your repair costs.

What cars are at risk of catalytic converter theft?

Those vehicles most often targeted for catalytic converter theft during the past three years in California are the Toyota Prius, Honda Element, Honda Accord, Ford Econoline, Honda CRV, Ford F-250, Toyota Tundra, Toyota Sequoia, Ford Excursion and the Toyota Tacoma.

How much is a stolen Prius catalytic converter worth?

Hybrids require catalytic converters with a higher concentration of precious metals than those found on gasoline-only cars. The HLDI notes that the converter from a 2007 Prius is selling for about $1,022 today, compared to just $143 for the converter used a Ford F-150 from the same year.

How much is a Prius catalytic converter worth scrap?

Best Covid-19 Travel Insurance Plans. For example, the recent scrap price for a catalytic converter used in the 2004-09 second-generation Prius 1.5 was $1,022, according to AutoCatalystMarket.com.

Is a car drivable without a catalytic converter?

As part of a car's exhaust system, the catalytic converter helps to reduce air pollution. You will not harm your engine or your car in any way by driving without a catalytic converter.

How many catalytic converters are stolen?

The National Insurance Crime Bureau (NICB) says they've jumped from 3,389 thefts reported in 2018 to 14,443 in 2020 (the last year for which stats are available), which amounts to a whopping 977 percent increase.

How easy is it to steal a catalytic converter?

Unfortunately, stealing a catalytic converter is very easy to do. Thieves usually slide underneath a car with a battery-powered reciprocating saw and cut it right out of the exhaust line. It takes about 2 to 3 minutes and makes as much noise as any other power tool.