Rachel Strohm

1167 days ago

The metals prices, in turn, are fueling a black market in stolen catalytic converters, which can be sawed off from the belly of a car in minutes, and fetch several hundred dollars at a scrapyard, which then sells it to recyclers who extract the metals. These global trends in emissions regulations, metals markets and larceny appear to have converged that rainy night in Mr. Kevane’s driveway.

Thieves Nationwide Are Slithering Under Cars, Swiping Catalytic Converters

nytimes.com

Michael Kevane, an economics professor in San Jose, Calif., didn’t give a second thought to parking his 2005 Prius in his driveway one rainy evening last month. But the next morning, when his son Elliot went to start up the car, “it sounded like a jackhammer,” Mr. Kevane said.