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Catalytic Converter Theft is on the Rise
Catalytic converter theft has spiked recently because of the struggling economy and the rising prices of precious metals. Catalytic converters contain the precious metals rhodium, platinum and palladium which have become rarer increasing their value. The converter can be removed and sold to scrap yards that pay upwards of 200 dollars for a catalytic converter to harvest the precious metals. Thieves are targeting these car parts because they can be removed with a basic metal saw or even just a socket wrench, in as little as 90 seconds. SUVs and trucks are highly targeted because it is easier to access the converter underneath the car. Parking lots are also being targeted for the sheer number of catalytic converters that can be stolen in one attempt.
Police, car dealers, and scrap yards are all trying their best to cut down on this new wave of thefts. Police have been making more arrests breaking up rings of thieves targeting catalytic converters, and watching for suspicious activity in parking lots. Car dealers are offering the option to have identification numbers engraved into your catalytic converter to prevent unwarranted sale of the part. Scrap yards are also limiting the number of catalytic converters that can be sold at once and making note of individuals attempting to do so. This is a simple crime that can cost a car owner a new catalytic converter and possible repairs from damages resulting from the hasty removal.