Why are they stealing catalytic converters?

Why are people stealing them? Thieves target catalytic converters because of the value of the metals found inside the devices. Catalytic converters are typically made up of three precious metals: platinum, palladium and rhodium. The value of all three metals have risen sharply in price in the last decade.

Which cars are most likely to have catalytic converter stolen?

How much is a stolen catalytic converter worth?

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.

How can I prevent my catalytic converter from stealing?

Park in well-lit areas close to public entrances, regularly move your car's spot or use a closed garage. Install an anti-theft device. Install motion-sensitive lights and cameras in your parking area. Paint your catalytic converter to deter buyers – some local police departments even offer free programs for painting.

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.

Understanding the wave of catalytic converter thefts

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.

Why are catalytic converters a target for thieves?

The part is tempting to thieves for three key reasons¹:

Catalytic converters are made with trace amounts of precious metals such as platinum, palladium and rhodium, which makes them valuable to sell to scrap metal dealers. Most catalytic converters are unmarked, so they can't be easily traced to an individual vehicle.

What is in a catalytic converter that makes people want to steal it?

Money is the main reason catalytic converters are often stolen. They contain three metals that aid in the chemical reaction that makes exhaust pollutants less harmful: platinum, palladium and rhodium. The prices of these metals have risen dramatically during the early 21st century.

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.

Why are people stealing catalytic converters from Toyota?

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 can I tell if my catalytic converter has been 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.

What cars are least targeted for catalytic converter theft?

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.

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.

Why are catalytic converters worth so much?

Catalytic converters have economic value as they contain precious metals. This is the main reason why they are sold as the most expensive scrap. Because it contains rhodium, palladium and platinum, which are among the most precious metals.

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.

Are old catalytic converters worth?

Are your old catalytic converters worth money? Yes, they are! Indeed, they contain some precious metals that are rare and valuable. Thus, consider recycling them instead of throwing them away!

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 is a Ford catalytic converter worth?

For a Ford catalytic converter scrap, you can get about from 50 USD.

How much does it cost to replace a catalytic converter?

Catalytic converter replacement isn't cheap. For most vehicles, the average cost of a catalytic converter repair is between $945 and $2475 including parts and labor. The catalytic converter cost itself can be up to $2250 of that. That might be close to your car's value or more!

Where are all the stolen catalytic converters going?

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 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.

What do thieves do with stolen catalytic?

So why are catalytic converters a hot item for thieves? "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.

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.