Hilco Real Estate 6-2024

SB 224 may curb appetite for car part

by | Jun 16, 2023 | Latest

Criminals who steal catalytic converters will face stiffer penalties if caught and convicted. Gov. Greg Abbott signed Senate Bill 224 into law on Tuesday, June 6. The measure by Sen. Carol Alvarado (D-Houston) is the companion to the House bill filed by Rep. Jeff Leach (R-Plano).

However, authorities report the number of thefts has decreased along with the price of the precious metals they contain.

Catalytic converters are installed in the exhaust system of vehicles to reduce harmful emissions. They help convert toxic pollutants, such as carbon monoxide, nitrogen oxides, and hydrocarbons, into less harmful substances before they are released into the atmosphere.

As the name implies, catalytic converters contain a catalyst, usually made of platinum, palladium or rhodium, which facilitates the chemical reactions. As those metals became more valuable, catalytic converters became a quick way for lawbreakers to make a buck.

Rhodium, a silver-white metallic element is resistant to corrosion and considered the rarest and most valuable precious metal in the world. Its price peaked at $29,800 per troy ounce in March 2021, creating an epidemic of thefts with Houston police reporting 15,771 stolen in 2022.

But the global market for the metal has plummeting nearly 49% since the start of 2023, with the current price at $6,400 per ounce, or $205.76 per gram. There are about one to two grams of rhodium in the typical catalytic converter.

So, where the price of a stolen converter could once be worth thousands, today’s price – and new penalties – make theft a less attractive proposition.

Even when metals prices were high, theft was not a big issue in Wylie. Sgt. Donald English, public information officer of the Wylie Police Department said the department received eight reports in 2022 and none so far in 2023.

It is relatively simple to steal a converter, especially from a vehicle with high ground clearance like a pickup truck, police say. Thieves target vehicles parked in secluded areas and can remove a converter in seconds using simple tools like hacksaws and wrenches.

Therefore, many vehicle owners have adopted preventive measures, such as installing protective shields or security devices, to deter thieves from targeting their converters. But a more successful approach to discouraging the thefts has been to target scrap yards that salvage the metals or auto mechanics who re-use the whole unit.

For the full story, see the June 14 issue of The Wylie News.

By Bob Wieland

Hilco Real Estate 6-2024

0 Comments

NTMWD Plant Smart 2024

Related News

New home being built for veteran

New home being built for veteran

Retired U.S. Army Sgt. Semeli Toilolo. Courtesy photo Retired U.S. Army Sgt. Semeli Toilolo and his family will receive a new home being built for them in Lavon. They were surprised with the presentation during a Tuesday, June 18, groundbreaking ceremony. Operation...

read more
Proposed budget updates presented by city manager

Proposed budget updates presented by city manager

Boards and commission members are jointly sworn in at the Tuesday, June 25 city council meeting. Before discussing the continuing budget building process, Wylie council took time for recognitions and proclamations at their last regular meeting. Representatives from...

read more
WISD trustees approve 2024-25 budget

WISD trustees approve 2024-25 budget

The Wylie ISD proposed general fund budget as presented.  Courtesy Wylie ISD The Wylie ISD board of trustees approved the budget for the 2024-25 school year. Scott Roderick, Wylie ISD assistant superintendent for finance and operations, emphasized in his final...

read more
Car show at Bluegrass on Ballard this weekend

Car show at Bluegrass on Ballard this weekend

Robert Vaughan from East Fork Masonic Lodge 650 has been the organizer of the Bluegrass on Ballard Car, Truck and Motorcycle Show since 2017. Courtesy of Robert Vaughan Bluegrass on Ballard, one of the city’s most anticipated annual events, is set to feature more than...

read more
Junior Police Academy is no joke

Junior Police Academy is no joke

On the last day of Junior Police Academy, Friday, June 21, cadets squared off with Wylie police posing as attackers. Wylie police have developed a world class Junior Police Academy program. Started in 2009, many other regional police departments have observed Wylie’s...

read more
West Nile Virus found in mosquito

West Nile Virus found in mosquito

Ground spraying is planned along Lonesome Dove Trail following the discovery of a mosquito carrying the West Nike Virus. The city of Murphy confirmed last Friday, June 21, that West Nile was confirmed in a mosquito trapped the previous week in the creek bed northeast...

read more
Man arrested for recording in public restroom

Man arrested for recording in public restroom

A 29-year-old male Wylie resident was arrested for recording video of others in a Founders Park restroom, according to Wylie police. At approximately 12:41 p.m. Thursday, June 6, officers responded to the restroom at Founders Park located at 851 Hensley Drive due to...

read more
Police investigating auto-pedestrian fatality

Police investigating auto-pedestrian fatality

A Murphy resident died in an automobile versus pedestrian accident in Wylie, according to Wylie police. At Approximately 5:15 p.m. Wednesday, June 19, Wylie police and fire rescue responded to the intersection of North State Highway 78 and Kreymer Lane near Walmart in...

read more
Order photos