Catalytic Converter Thefts on the Rise
Police in one New Jersey city are warning about a rise in catalytic converter thefts in vehicles at train stations, schools and other areas. Catalytic converter thefts in the UK, with over 1,700 reported in London, have resulted in the addition of SmartWater forensic markers for added layers of security. SmartWater developed a high-temperature forensic marker specifically designed for vehicle exhausts and catalytic converters that will not degrade under the high temperatures catalytic converters reach.
Thieves are targeting larger vehicles, especially SUVs like the Jeep Cherokee. Police say that’s because the converters are larger and contain more platinum, which is currently valued on the open market at approximately $1,500 per ounce. Police say that scrap yards will pay up to $100 for a cut-off converter, but the victim could spend $1,000 to replace it.
Go to News Story: Catalytic Converter Thefts on the Rise New Jersey (MYFOXNY.COM)