Car thieves have obviously been around since cars first came on the market and quite frankly nothing has changed since, regardless of new safety and security innovations. But sometimes thieves don't always see the entire car as a target but rather parts of the car such as wheels, badges, headlights and even spoilers.
But in recent years, catalytic converters have become a very high target for thieves, but is this exactly?
Well, catalytic converters contain very precious and valuable metals such as Palladium, Platinum and Rhodium, but this has been going on since the 1970s, so why now all of a sudden? As it turns out, many Rhodium mines were shut down as a result of the pandemic which in return pushed the price of Rhodium up by as much as $25,000 per ounce!
Thieves would then sell stolen catalytic converters to scrap yards who would pay top dollar for new ones without knowing that they were stolen items as catalytic converters don't have a VIN number or serial number on them.
Take a look at the video below by the YouTube channel: Donut Media on Why Is Stealing All The Catalytic Converters?
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