Toyota, Subaru, Honda owners beware: Car part theft 'epidemic' is targeting your catalytic converter
Catalytic converter theft ‘epidemic’: Car part targeted for resale of precious metals
FOX Business’ Grady Trimble speaks with Joe’s Expert Auto owner Joe Betancourt in Chicago, Illinois, about the rise in crooks stealing catalytic converters.
If you drive a Toyota Prius, Subaru Forester or Honda Element, auto experts are advising you keep an extra eye on this one specific car part that’s seen a 1,215% increase in thefts since 2019.
"It's an epidemic," Joe’s Expert Auto owner Joe Betancourt told FOX Business’ Grady Trimble on Thursday. "We will finish three [vehicles], and five will show up. It's just scary right now."
According to the National Insurance Crime Bureau, more than 52,000 catalytic converters were stolen in 2021, soaring 1,215% from 2019. The car part’s primary function is to convert environmentally harmful gasses from the engine to less harmful gasses.
Lower-emission cars like Toyota Priuses, Subaru Foresters and Honda Elements are primarily targeted due to higher concentrations of valuable metals inside converters.
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For vehicle models that have dual catalytic converters, like a Jeep Liberty, crooks can earn double the pay while owners are left with a $4,000 repair, the Chicago auto expert explained.