Stolen catalytic converters possibly being sold for fast cash

Stolen catalytic converters possibly being sold for fast cash

KRON 4

CONCORD (KRON) — There has been a rash of robberies in the East Bay at BART stations.

While drivers park their cars for the day, thieves have been stealing the catalytic converters from underneath the vehicles. And they are more than likely being sold for some fast cash.

Catalytic converters are a hot commodity these days. Three were stolen from Hondas parked at the North Concord BART Station on Monday, police said.

And just last week, four were stolen from vehicles parked at the North Berkeley BART station. Thieves can sell these converters to scrap yards and make a quick buck.

What is inside of them is what’s really expensive.

“Platinum and rhodium, and these raw materials sell for anywhere between $500 to 800 an ounce. So, there’s a reason why they’re stealing them,” said Mike Abuyaghi, who works for R&M Automotive.

There is a device that can be bought and attached underneath a vehicle to help prevent theft.

Abuyaghi said for the victim, replacing a converter can be expensive.

“Depending on the year, make, and model of the car, they could run anywhere from $800 to $3,000,” Abuyaghi said.

Insurance companies normally cover the cost if their client has full coverage insurance.

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