They are easy targets, as Stealing catalytic converters is fast, easy, and requires no specialized tools. This makes it a ‘no brainer’ for petty criminals looking to cash in on skyrocketing prices. Within a few minutes, and a saw and/or wrench is all these crooks need to get off with the goods. HIGH PROFIT POTENTIAL Catalytic converters are rich with precious metals including palladium, platinum, and rhodium. These metals are necessary for filtering vehicle exhaust and reducing carbon emissions. They also happen to be incredibly valuable on the open market, with each converter bringing in upwards of $200 each. In 15-20 minutes a criminal can hit 5 cars on the street or in a parking lot and be off with a cool $1000 worth of product for the day. MINIMAL RISK Unlike stealing a car, which could rise to the level of Grand Theft, stealing a catalytic converter carries a lesser charge of criminal damage to property and petty theft. This makes the risk to reward ratio an appealing one for many criminals. OPPORTUNITIES EVERYWHERE Every vehicle in the USA has a catalytic converter. This means every parking lot, driveway, and garage are perfect targets for theft. Not just that, every vehicle, from sedans to sports cars and utility trucks have a converter. DIFFICULT TO TRACE Once stolen, it is difficult to trace back the part to a vehicle, making prosecution difficult. Most converters lack identification numbers.