Catalytic converters are stolen because they contain precious metals – platinum, palladium and rhodium – which can be recycled. The AA says it has seen an increase in thefts since the beginning of the credit crunch in 2008, when prices for precious metals started spiralling.
The catalytic converter was stolen from Jane Green\’s Land Rover Freelander while it was standing in a car park near her workplace in Wolverhampton. She said: \”When I got back to my car, the police had left a note on the windscreen telling me not to turn the car on but to call them as soon as possible. I did and was told a witness had seen a man with a drill around my car.\”
Green\’s catalytic converter had been removed with a saw and drill, causing damage that cost £900 to repair.
I\’m a bit out of touch with the current value but it\’s certainly tens of pounds for the scrap value of something from a larger engined car. Decent set of powered shears and a couple of blokes could make off with a couple of hundred quid in an hour or two from a street or car park of more expensive cars.
I\’m just surprised that this is the first reference I\’ve seen to it of it actually happening.