Catalytic converters, the thing you never think about until you realize it's gone. The biggest clues your catalytic converter might have been stolen? A shockingly horrific amount of noise when you go to start your car and noxious fumes coming from underneath your car.
What exactly is a catalytic converter and why are they becoming such a highly sought after target for thieves that are out to make quick money? Catalytic converters are a part of your vehicles exhaust system. A central function that they have is to clean the emissions of both gasoline and diesel-fueled engines. Since 1975, this valuable component has been federally mandated to be on every new vehicle.
So what value do thieves find in this relatively obscure exhaust system component? Catalytic converters have three precious metals inside them: palladium, rhodium and platinum and according to the National Insurance Claim Bureau (NICB), theft of these parts has skyrocketed because this is what thieves are looking to cash in on.
Just to put things in perspective here, an ounce of rhodium is worth approximately $15,000. By comparison, an ounce of gold is worth around $1,800.
With the help of data compiled by the NICB and reports from repair shops throughout the United States, Carfax determined the 10 vehicles most commonly targeted for their catalytic converters and here is that list: