Catalytic Converter Thefts Surge: 137,000 Stolen in 2025, Targeting SUVs and Trucks
Event summary
- CARFAX reports over 137,000 catalytic converters stolen in 2025, with thousands more stolen in early 2026.
- Top targeted vehicles include Ford F-150, Hyundai Tucson, and Chevrolet Silverado, primarily SUVs and trucks.
- Rhodium prices doubled in the past year, reaching $11,000 per ounce in March 2026, driving thefts.
- Replacement costs for stolen converters can exceed $3,000, particularly for uninsured motorists.
- Law enforcement recommends security measures like parking in well-lit areas and installing physical deterrents.
The big picture
The surge in catalytic converter thefts highlights the intersection of rising precious metal prices and automotive security vulnerabilities. With SUVs and trucks being primary targets due to their accessibility, the trend underscores the need for enhanced vehicle security measures and potential shifts in insurance policies. The broader implications include increased costs for vehicle owners and a potential market for anti-theft solutions in the automotive industry.
What we're watching
- Precious Metal Prices
- How fluctuations in rhodium and other precious metal prices will affect theft rates.
- Insurance Coverage
- Whether increased thefts will lead to higher insurance premiums or more comprehensive coverage options.
- Automaker Response
- The pace at which automakers will develop and implement anti-theft technologies for catalytic converters.
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