There's A Rise In Catalytic Converter Thefts Across The U.S.

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There's A Rise In Catalytic Converter Thefts Across The U.S.
Rhodium is used in car converters, but as the rarest metal in the world, it's also valued for jewelry, high-end mirrors, and electrical devices.

It doesn't take long; A quick slide under a car and moments later the thief emerges with a catalytic converter stolen for the precious metals inside. 

"You just hear every day or every week somebody in my neighborhood is getting their catalytic converter stolen," Tempe, Arizona motorist Scott Cook said.

Thieves cut the converters out of the car's exhaust systems, then sell them to scrappers, who then sell them again to recycling companies. 

The thieves get as little as $50, but the metals inside include rhodium, which is the rarest metal on earth. 

There's only a gram or two of rhodium inside, but an ounce of the silvery metal can top $15,000. 

"Cars manufactured with a high amount of rhodium thefts, particularly in cars manufactured with a high amount of rhodium, like Prius and others," Chicago Police Superintendent David O. Brown said. "Certain electric cars that have a high efficiency and high amount of rhodium because of the price of rhodium going up some 1,500% these past few years."

Rhodium is used in converters with palladium and platinum to reduce exhaust gases, but as the rarest metal in the world, it's also valued for jewelry, high-end mirrors and electrical devices. 

In Tampa, police busted one recycler last year who advertised on social media he was paying cash for converters and seized his paper work. 

"It showed that he had made well over $800,000 in about a year's time just with the receipts we found in the home," Tampa Police Department Officer Greg Noble said.

Bloomberg reports in 2021, State Farm Insurance paid $62 million in claims for around 32,000 converter thefts. That's up over 1,100% from two years earlier.  

"I started my car and it sounded like a race car," West Palm Beach, Florida theft victim Pamela Beady said.

That was her first clue that something wasn't right.

"There was metal pieces laying under the ground underneath," she continued.

The catalytic converter on her new 2022 Mitsubishi Outlander was gone and cost $1,000 to replace. 

"I'm like, 'Man, if I would have just known that these were high-targeted,' because there are things that you can do to your catalytic converters to prevent thieves from taking them," Beady said.

In West Palm Beach, one way people are trying to prevent theft is by having their car's VIN number etched onto the converters.  

"If customers will call us, if it's not one of our customers, ask them for the VIN number," mechanic Ron Katz said. "We are more than happy to do that. There are other Midas's around the country now that are also starting this initative."

In Phoenix, Midas teamed up with the Maricopa County State's Attorney to push for VIN number markings. 

"For us on the County Attorney's Office, this type of information that's being etched today is crucial because it allows us to link a catalytic converter, once it's recovered, back to its original car, its original owner," Maricopa County Attorney's Office spokeswoman Karla Navarrete said. "And it really aids in prosecution."

Painting them different colors is also an attempt to cut thefts. In Chicago next month, a pilot program will include spray painting the converters hot pink and marking them with a Chicago Police Department stencil.