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Catalytic converter theft is declining due to new tougher laws

Discussion in 'Fred's House of Pancakes' started by Georgina Rudkus, Jun 27, 2023.

  1. Georgina Rudkus

    Georgina Rudkus Senior Member

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    New tougher laws passed with higher penalties, buying on restrictions on scrap dealers, lower precious metal prices and lobbying by the insurance companies have resulted in the decline of catalytic converter thefts.

    https://www.kxly.com/news/crime/catalytic-converter-thefts-decline-five-months-after-washington-law-takes-effect/article_a59682a0-96e7-57b3-bd34-f06bf5427c6c.html

    Catalytic converter theft: Houston police warn people to be cautious despite auto part theft reports declining - ABC13 Houston
     
    #1 Georgina Rudkus, Jun 27, 2023
  2. bwilson4web

    bwilson4web BMW i3 and Model 3

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    Also 5-7% of new cars are EVs that have no catalytic converters.

    Bob Wilson
     
    #2 bwilson4web, Jun 27, 2023
  3. PriusCamper

    PriusCamper Senior Member

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    While politicians will always be eager to take huge credit for tiniest of minor new lawmaking, I think the detectives who tracked down and busted people who were generating hundreds of millions of dollars in revenue in precious metals they were getting from the stolen cats is the real reason the thefts have declined...
     
    #3 PriusCamper, Jun 27, 2023
  4. fuzzy1

    fuzzy1 Senior Member

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    Since their Pandemic peaks, the price of platinum is now down more than 25%, palladium down more than 55%, and rhodium down more than 80%. These lower prices should also be factors in the theft reductions.
     
    #4 fuzzy1, Jun 27, 2023
    Last edited: Jun 28, 2023
    donbright likes this.
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