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The rise in thefts of catalytic converters has become a major headache for both car owners and law enforcement agencies across America.
According to new data, experts have warned that the problem is getting worse and the numbers are alarming
Carfax, the company known for tracking repairs and accidents on vehicles across the country, reports a whopping estimated number of 253,000 catalytic converter thefts in 2022 an increase of 2% from the year prior.
However, the company suggests that the problem has been underreported in the past by other sources, such as the media.
Unlike many reports that only consider insurance claims, Carfax dug deeper and concluded that the data on total replacements, including those due to deterioration, defectively or recalls, are much higher. This means that many car owners who don't have the full coverage or any insurance at all might not have reported the thefts or filed any claims.
The cost of replacing stolen catalytic converters ranges from $2,000 to $3,000, and can even go higher for some. And we're not even talking about the inconvenience, loss of peace of mind, and the overall security of our cars here.
Thieves are coveting these vital parts because of the precious metals like platinum, palladium and rhodium that they contain, which can sell for hundreds or thousands of dollars per ounce.
Hybrids are the most targeted vehicles, with the Toyota Prius being the most targeted car in California.
According to new data, experts have warned that the problem is getting worse and the numbers are alarming
Carfax, the company known for tracking repairs and accidents on vehicles across the country, reports a whopping estimated number of 253,000 catalytic converter thefts in 2022 an increase of 2% from the year prior.
However, the company suggests that the problem has been underreported in the past by other sources, such as the media.
Unlike many reports that only consider insurance claims, Carfax dug deeper and concluded that the data on total replacements, including those due to deterioration, defectively or recalls, are much higher. This means that many car owners who don't have the full coverage or any insurance at all might not have reported the thefts or filed any claims.
The cost of replacing stolen catalytic converters ranges from $2,000 to $3,000, and can even go higher for some. And we're not even talking about the inconvenience, loss of peace of mind, and the overall security of our cars here.
Thieves are coveting these vital parts because of the precious metals like platinum, palladium and rhodium that they contain, which can sell for hundreds or thousands of dollars per ounce.
Hybrids are the most targeted vehicles, with the Toyota Prius being the most targeted car in California.
