Surge in Catalytic Converter Thefts Warned
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: PRnewswire
- Rising Theft Numbers: CARFAX reports over 137,000 catalytic converters were stolen in 2025, with an increase in thefts at the start of 2026, indicating a troubling trend that imposes significant financial burdens on vehicle owners.
- High-Value Metals Attract Thieves: The presence of precious metals like platinum, palladium, and rhodium in catalytic converters, particularly with rhodium prices doubling to about $11,000 per ounce in the past year, has made these devices prime targets for theft.
- Expensive Replacement Costs: Replacement costs for catalytic converters can reach up to $3,000, especially for motorists lacking comprehensive insurance, which exacerbates the financial strain on victims of these thefts.
- Safety Precautions Recommended: Law enforcement advises vehicle owners to implement safety measures to protect their cars, particularly in areas experiencing a surge in theft incidents, to mitigate potential economic losses and repair costs.
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Analyst Views on SPGI
Wall Street analysts forecast SPGI stock price to rise
15 Analyst Rating
14 Buy
1 Hold
0 Sell
Strong Buy
Current: 413.340
Low
546.00
Averages
617.77
High
675.00
Current: 413.340
Low
546.00
Averages
617.77
High
675.00
About SPGI
S&P Global Inc. provides essential intelligence. Its operations consist of five businesses: S&P Global Market Intelligence (Market Intelligence), S&P Global Ratings (Ratings), S&P Global Commodity Insights (Commodity Insights), S&P Global Mobility (Mobility) and S&P Dow Jones Indices (Indices). Market Intelligence is a global provider of multi-asset-class data and analytics integrated with purpose-built workflow solutions. Ratings is an independent provider of credit ratings, research, and analytics, offering investors and other market participants information, ratings and benchmarks. Commodity Insights is an independent provider of information and benchmark prices for the commodity and energy markets. Mobility is a provider of solutions serving the full automotive value chain, including vehicle manufacturers and retailers. Indices is a global index provider that maintains a variety of valuation and index benchmarks for investment advisors, wealth managers and institutional investors.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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