Police alert car owners catalytic converter thefts on the rise in Southern Ontario
“Scrap vehicles, like a flattened hulk, a month ago it would have been dollars, today it’s worth three or four hundred dollars just in terms of the iron involved.”
It’s estimated that a stolen device in Ontario could fetch between $5 and $1,000, depending on the concentration of precious metals inside.Fletcher said a patchwork of loose regulations means scrapyards often don’t have enough rules in place to ensure the catalytic converters they buy were obtained legally.
“Once a is cut out of a vehicle, it’s really hard to figure out where did it come from, what even type of vehicle let alone which specific vehicle it was cut out of,” Fletcher said.B.C. government did implement a regulation requiring registered metal dealers to report each converter transaction, including information about the seller, to police on the day of sale.
The problem has been significant enough for Hamilton Police to launch campaigns focused on the thefts in recent times.
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