Catalytic converters, you do not consider them until you get in your car only to find the converter that was installed on your vehicle has disappeared. The most significant indication that your catalytic converter could be stolen? A lot of engine noise, and noxious smells emanating from the underside of the vehicle.
What exactly are catalytic converters, and why are they becoming popular with criminals looking to make quick cash? In the beginning they are located in the exhaust system and assist in removing the harmful emissions from the diesel or gasoline engine. They’ve been mandated by the federal government for all new vehicles since 1975.
As per the National Insurance Crime Bureau (NICB) the theft of catalytic converters has increased dramatically because of three precious metals that are found in the converters: palladium, platinum, and rhodium. What are we discussing here? As of the time of article, an ounce Rhodium is priced at around $15,000. To put that in perspective one ounce of gold costs just $1,800.
Based on data collected from the NICB and service reports from auto repair shops across the nation, Carfax determined the 10 vehicles that are most often targeted by catalytic converters.