Skip to Content

Joystiq has your stash of criminally complete GTA IV news!

Recession watch: Catalytic converter thefts test car owners' mettle

Filed under: Transportation, Recession

This post is part of a series about real-life signs we're in a recession.

My brother-in-law recently wound up paying a lot more than he expected when he left my nephew's Toyota Tacoma in the Oakland Airport's long-term parking for the weekend. When he returned from his trip and turned the key in the ignition, the truck let out a roar that would deafen even the most hardened Harley driver, and David knew he'd joined the growing number of victims of catalytic converter theft nationwide.

Thieves have taken to removing catalytic converters, which help control emissions, from the underside of parked vehicles. The converters contain trace amounts of platinum and rhodium--which go for about $2,054 and $9,278 per ounce, respectively--and can be sold on the black market for a couple hundred dollars each. Victims, however, pay much more than that for replacement parts: My brother-in-law shelled out almost $2,000 for a new converter for my nephew's truck.

While David has pledged to use only short-term parking at the airport from now on, that precaution might not be enough. For one thing, trucks like the Tacoma and SUVs like the Toyota 4Runner--the vehicle David owns and drives to the train station each morning--are among the hardest hit since they sit high off the ground, making their catalytic converters easy to remove from underneath. For another, those who are of the mind to slide under a vehicle with hacksaw in hand don't seem to be picky about where they strike: Reports of catalytic converter thefts have come from day care centers in Memphis, carpool lots in Michigan and car dealerships in Ohio.

Since this is a crime of opportunity--and since thieves are grabbing every opportunity they can--prevention is tricky. Seems the best way to avoid becoming a victim is to drive low to the ground. Or maybe just ride a Harley.

Reader Comments (Page 1 of 3)

Add your comments

New Users

Current Users

Please keep your comments relevant to this blog entry. Email addresses are never displayed, but they are required to confirm your comments.

When you enter your name and email address, you'll be sent a link to confirm your comment, and a password. To leave another comment, just use that password.

To create a live link, simply type the URL (including http://) or email address and we will make it a live link for you. You can put up to 3 URLs in your comments. Line breaks and paragraphs are automatically converted — no need to use <p> or <br> tags.

WalletPop Highlights

Featured Galleries

Dying gracefully?
Shades of Chrome
Venus Swimwear Styles
Time for a HOG?
Make cash from metal: How to turn junk into dollars
Feed Your Family for Less
Trump Family Money Messes
Vacation Destinations via Flickr photographers
Groceries: Where is your food budget seeing the biggest hit?
The best way to sell Girl Scout Cookies
Budgeting for Baby: Seven things to prepare yourself for life as an at-home parent
Outlet Stores Going Upscale
Bargain Store Savvy: To Thrift or Not To Thrift?
Grocery prices going up, going up, going up...
Four Ways to Travel for Free--Really
Ten Most-Hated Money-Saving Tips
Things that you don't need to spend money on

 

What's your home worth? Find out now!

(format: Springfield, OH)
AOL Real Estate

Latest from BloggingStocks

Weblogs, Inc. Network