Catalytic converter thefts are on the rise across the country again after initially spiking during the pandemic. July is National Vehicle Theft Prevention Month and AAA East Central is reminding motorists to take steps to protect their vehicles and catalytic converters.
Catalytic converters change harmful substances in a car’s exhaust gasses (carbon monoxide, nitric oxide, nitrogen dioxide and hydrocarbons) into less harmful substances like carbon dioxide and water vapor by means of chemical reactions. The earning potential for catalytic converters is high when they are sold to metal scrappers. Sales may not always be tracked by law enforcement. Two of the three rare earth metals used in catalytic converters, rhodium and palladium, are worth more per ounce than gold.
“Catalytic converters are attractive to thieves because they can be sold for hundreds of dollars to scrap yards or internet buyers,” said Jonathon King, vice president of insurance sales, AAA East Central. “It’s important for vehicle owners to have comprehensive insurance coverage, which in most cases, covers catalytic converter replacement.”
While almost any car could be a target for catalytic converter thieves, SUVs and fleet vehicles are among the most targeted. Additionally, Toyota Priuses have been targeted because they have two catalytic converters and have more of the precious metals.
Once sold, catalytic converters can be resold to recyclers interested in the expensive metals inside them. Typically, recyclers will pay $50 to $250 per catalytic converter. Unfortunately for the victims of catalytic converter theft, the cost to replace the part could cost between $1,000 to $3,000, depending on the car or truck, and the vehicle may not be legal to drive until the part is replaced.
Catalytic converter thefts started increasing in 2020 as the pandemic led to higher unemployment, more people working from home and lots of high riding vehicles such as trucks and SUVs left idle or being driven less.
AAA East Central offers the following tips to prevent catalytic converter and auto theft:
AAA East Central is a not-for-profit association with 71 local offices in Kentucky, New York, Ohio, Pennsylvania and West Virginia serving 2.7 million members.
News releases and more information are available at news.eastcentral.aaa.com.
