Catalytic Converter Thefts Skyrocketing - WHY Thieves Want Them

Across the country, catalytic converter thefts have skyrocketed in the last few years and they continue to increase. It seems like an odd part to take but it is easy money for these thieves. According to data compiled by the National Insurance Crime Bureau (NICB) the theft of catalytic converters has increased more than 1,000 percent.

So what is a catalytic converter? It’s a piece of the emissions system that uses chemical reactions to turn the toxic fumes from a car’s engine into less harmful exhaust. As part of the exhaust system on gas powered cars, hybrids, and trucks - catalytic converters play a key role in reducing air pollution from cars which is why the EPA made it a requirement for all cars to have starting in 1975.

Stealing a catalytic converter can take as little as 30 seconds, and the part has continued to remain prime targets for theft thanks to elevated prices on the precious metals they contain like platinum and palladium. Here’s why they are making money, and it's a lot of money.

00:00 Catalytic #converter #Thefts Skyrocketing - WHY Thieves Want Them #car
00:20 #crime Bureau stats
00:59 valuable metals
01:30 watch a converter theft
01:51 which autos are at risk
02:48 insurance coverage - liability
03:30 victim of converter theft
04:00 Its the law, legislation
04:29 Comments and questions

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