Thousands of converters unlimited are stolen every year. Each vehicle model poses a unique converter that varies in price to recycling centers and scrap yards. It takes between 30 seconds to a couple minutes for an experienced thief to steal this from your vehicle. In this blog we will discuss why this particular part of your vehicle is so valuable, how to prevent theft, and what type of vehicles are a high target.
Thieves are taking advantage of the precious metals that are located within the converters unlimited and turning these into a profit.
So what exactly are these precious metals they’re after and where are they located?
The precious metals these thieves are interested in are Platinum, Palladium, and Rhodium. Most people are aware of platinum but are not familiar with Palladium.
Palladium is more valuable than platinum and gold. One of the main reasons this metal is sought after is because the supply has not responded in favor of the demand. This metal helps with the process of cleaning the toxic pollutants into less harmful elements. Per ounce this element can run around $2000.
With regulations steadily increasing in regards to combat pollution, automakers are stiff-armed into adding more of these precious elements in the converters unlimited.