The U.S. experienced more than 64,000 catalytic converter thefts in 2022, a 207% increase from 2021, according to a new report based on insurance claims data released by the nonprofit National Insurance Crime Bureau (NICB). California and Texas led the country last with more than 32,000 catalytic converter thefts.
Catalytic converters contain platinum, rhodium, and palladium, rare earth metals that some consider to be more valuable than gold. Metal recyclers can pay between $50 to $250 for a catalytic converter and up to $800 for one removed from a hybrid vehicle. Replacing catalytic converters can cost between $1,000 and $3,500, depending on the type of vehicle.
“This new data is just a snapshot of an underreported crime that affects communities across the nation,” said David J. Glawe, president and CEO of NICB. “While a catalytic converter can be removed in just a few minutes, for vehicle owners, the cost is much more than the replacement parts. Victims must find alternate transportation, schedule necessary repairs, and may face loss of work as a result.”
“In addition to law enforcement actions and possible legislative solutions to prevent catalytic converter thefts, vehicle owners can also take important steps to keep their property safe,” Glawe added. “The first is to park in well-lit areas or in a garage monitored by cameras. Vehicle owners can also consider installing a catalytic converter anti-theft device, which can make removing a converter extremely difficult and time-consuming. Finally, owners can etch their unique Vehicle Identification Numbers (VIN) on catalytic converters, which can make it easier to track if it is stolen.”
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