Where are all the stolen catalytic converters going?

They then sell the part to a scrap metal yard for between $150 to $300. Then, the scrap metal yard sells the catalytic converter to another party that removes the precious metals and recycles them into different parts.

What are they doing with stolen catalytic converters?

"These catalytic converters are stolen off of vehicles and they're taken to recycling locations where they're turned in for money," explained Raquel Zick, Santa Barbara County Sheriff's Office Public Information Officer.

Where do the stolen catalytic converters go?

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.

What catalytic converters are being stolen the most?

Is there a market for stolen catalytic converters?

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).

Where Do Stolen Catalytic Converters Go?

How much do thieves get for a stolen catalytic converter?

Thieves can make anywhere from $25 to $300 for a standard catalytic converter, and ones from hybrid vehicles can sell for up to $1,400. These parts are also relatively easy to access from under the vehicle.

What vehicles have the most valuable catalytic converters?

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.

How do I protect my car from catalytic converter theft?

Which cars are least likely to have their catalytic converters stolen?

American brands such as Ford, Chevy, Jeep, Dodge, and Chrysler tend to have less valuable catalytic converters and are therefore less likely to get stolen. Some Nissan, Hyundai, Mazda, and Subaru models also fall into this category. Many brands used cat designs that limited how many precious metals were inside.

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.

What part of the catalytic converter is worth money?

Small amounts of rhodium are also found within a catalytic converter. Rhodium, like platinum and palladium, is very rare and valuable. Even though the monolith is the most valuable part, recyclers are almost always buying the full converter and extract the ceramic themself in order to avoid depreciation or fraud.

How long does it take to replace stolen catalytic converter?

Experienced thieves can remove a catalytic converter in one to two minutes using basic tools. What can net a thief hundreds of dollars at a scrapyard or recycler can then cost you thousands of dollars to replace, depending on the make and model of your vehicle.

Can a car run 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.

What cars are hardest to steal catalytic converters?

Catalytic converters are inside the engine compartment of newer cars like Honda's 2015 Accord and Jazz models, making it more difficult for thieves to steal them. All the big car companies have converters that aren't worth a lot of money.

What does it sound like when your catalytic converter is stolen?

The first sign of a stolen catalytic converter is incredibly loud vehicle noises. You will find that when driving without your catalytic converter, it will sound like your vehicle is roaring—especially when starting or giving it gas.

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.

How much is a Toyota catalytic converter worth scrap?

Toyota catalytic converters' worth can range from $75 and $700 when sold as scrap.

Why do tweakers 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.

What kind of cars have exotic catalytic converters?

How much gold is in a catalytic converter?

Catalytic converters contain Platinum, Rhodium and Palladium. However, there is no gold in catalytic converters.

How much are Ford catalytic converters worth?

The average current price for used ford catalytic converters is $474 from the last 240 listings.

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 do thieves get under Prius to steal catalytic converter?

To steal a catalytic converter, thieves must get underneath the vehicle and remove it. Typically, they will use a small, battery-operated saw to cut through the connecting exhaust pipes, divorcing the component from the car in a matter of minutes. As you may have noticed, a Prius does not sit high off of the ground.