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Monthly Archives: October 2022

Tips to Avoid or Deter Catalytic Converter Theft in Chicago

10.16.2022 8:51 am

One of the most important and expensive parts of your vehicle is the catalytic converter. This device, which is part of the exhaust system, is found underneath every gas-powered vehicle. The metals in it convert engine exhaust into nitrogen, oxygen, and other less harmful gases. Catalytic converters are stolen at an exorbitant rate throughout major cities in the US. According to the Chicago Police Department’s most recent statistics, 3,924 catalytic converter thefts were stolen between January and July of 2022. What makes these devices attractive to thieves is what they contain, namely precious metals more valuable than gold. One of those metals is rhodium, which is 2021 sold for $27,900 an ounce. Catalytic converters also contain platinum, selling for $1,277 an ounce, and palladium, with a going rate of $2,896 an ounce. Unfortunately, catalytic converters are fairly accessible, especially on trucks and SUVs because of their higher ground clearance, and easily removed by thieves with a few simple tools and/or a saw. Typically, a metal recycler will pay anywhere from $50 to $250 for a catalytic converter off a standard vehicle, while those stolen from a hybrid vehicle might bring thieves something in the neighborhood of $800. If yours is… Read more

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