Authored by Jacob Koester
Catalytic converter theft has been a problem in the U.S. for decades, but reported cases have skyrocketed across the nation over the past year. All vehicles made after the year 1974 have catalytic converters, and while some are more prone to theft than others, almost every vehicle owner is at risk.
Getting your converter stolen is not only annoying, it is expensive as well. The typical cost of replacement ranges from $900 to $2,500 depending on your vehicle. In severe cases, your bill could be as high $10,000 if a pipe or oxygen sensor gets cut.
This does not include the loss in revenue from downing a vehicle in your fleet. Having to absorb these costs on one vehicle is bad enough, but if a significant portion of your fleet is targeted, the financial damage can be catastrophic.
So, what can you do to stop this? We will break down what catalytic converters are, why they are so valuable, and what you can do to prevent yours from getting stolen.
A catalytic converter is an exhaust emission control device that is found underneath your vehicle, between the muffler and the manifold. A catalytic converter’s job is to change harmful fuel emissions, such as carbon monoxide, nitric oxide, and hydrocarbons, into less harmful substances like carbon dioxide and water vapor.
Catalytic converters contain precious metals, including rhodium, platinum, and palladium, making them valuable to scrap metal dealers. In the past five years the price of these metals has skyrocketed.
Palladium went from less than $500 an ounce in 2016 to a record $2,875 in 2020. Rhodium prices saw an even larger increase, going from $640 an ounce to a record $21,900 an ounce in 2021. For perspective, the current price of gold is $1,745 an ounce, making Rhodium over 12 times more valuable.
With the prices of these metals soaring — and a worldwide pandemic leaving many out of work — it comes as no surprise that catalytic converter theft has increased in the past year. Just how much it has increased though, may surprise you.
Cities across the country have reported triple, even quadruple the number of converter thefts in 2020 compared to 2019. Many areas were even higher than that. St. Louis and Denver, two of the hardest hit cities, reported a 740% and 1,600% increase respectively. To make matters worse, law enforcement officials have stated the nation is on track for an even bigger increase in converter thefts in 2021.
A thief can remove a converter from underneath a vehicle in mere minutes and turn around and sell it to a scrapyard for several hundred dollars. Fortunately, there are a variety of things you can do to prevent this from happening:
It’s usually not hard to tell if your converter has been stolen. When you start your vehicle, it will make a loud roaring noise, like a race car or a Harley Davidson. It will get even louder as you push the gas pedal.
If you hear this noise, go to the middle of your vehicle and look underneath. If the converter has been stolen you will see a gaping space in the center of your exhaust, with signs of the piping being sawed away.
If this does happen to you there are a few things you will need to do:
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