(Las Vegas, NV) — Las Vegas car dealerships are seeing a recent spike in thefts of something concealed underneath their vehicles. What’s being targeted are catalytic converters, of which thieves are taking to strip the platinum that’s currently more valuable on the market than gold.
Chapman Dodge Chrysler Jeep General Manager Don Hamick says facilities that recycle the material need to be part of the solution. Hamick says each stolen converter costs the dealership thousands of dollars. Car dealerships across the city are experiencing the problem.