Why are catalytic converters stolen?
Because they contain small quantities of extremely valuable precious metals, and they are unusually easy to remove.
What is inside. A catalytic converter contains a ceramic honeycomb coated with platinum, palladium and rhodium. These catalyse reactions converting carbon monoxide, unburnt hydrocarbons and nitrogen oxides into less harmful gases. Only a few grams of each are present — but rhodium in particular has traded at prices far above gold, reaching extraordinary levels during supply disruptions, and palladium has also been worth more than gold at times.
Why they are targeted rather than other parts:
Accessibility. The converter is underneath the car, exposed. With a jack and a battery-powered reciprocating saw, a thief can remove one in a couple of minutes.
No identification. Converters have historically carried no serial numbers, making them nearly impossible to trace once removed.
A ready market through scrap metal dealers.
Which vehicles are most at risk:
Hybrids are disproportionately targeted. Because the petrol engine runs intermittently and the converter spends less time at operating temperature, manufacturers use higher precious metal loadings to ensure the emissions system works — making them more valuable. Certain hybrid models have been stolen from repeatedly.
Vehicles with high ground clearance — SUVs, vans and 4x4s — because access is easier without jacking.
Older vehicles, where converters sometimes contain more metal.
What it costs you. Replacement is expensive, often over a thousand pounds, and the car is undriveable legally and extremely loud. Insurance usually covers it but the excess and premium impact are real.
Prevention: park in a garage, against a wall or in a well-lit area; fit a protective cage or shield; have the converter etched or marked and registered; and consider a tilt alarm.
Thefts have fallen in some markets as metal prices eased and marking schemes spread.