Catalytic converter thefts - heads up (September 2019)
Posted by Penguin68
September 11, 12:32PM
I have just heard (from my garage) that there is a spate of CAT thefts both locally and wider in London - leading to 3 month waiting lists for some spares! Police rumour has it that an Eastern European gang is behind many of these - the converters are removed on the street - cut-out quite brutally, with sensors taken as well (which is where the shortage is). If you see people working under cars (obviously particularly at night) - call the cops!
Although replacement costs to car owners (or their insurers, if they are prepared to pay) will be close to £1000 when the costs of parts (£600 for a CAT, plus the sensors and electronics) and labour are taken into account, the thieves are probably only getting £40-£60 for what they steal! [NB as the repair costs are so high, insurers will often try to write-off the vehicles based on their assessment of on-street value - and they pay-out only the cost over the excess anyway].
It looks like its the CATs themselves, and not just the platinum in them, that are now the target, as they are also taking sensors.