The Daily Money: Exhausted by catalytic converter crime? Thefts are down
This is senior reporter Jessica Guynn with your Daily Money.
If you've had your catalytic converter stolen, you know the drill: the expense (even if your insurance covers it, you're still on the hook for that deductible), the headaches (getting to work and the grocery store while your car is in the shop) and the wait (so many of these parts are being stolen, your car will idle until your mechanic can secure a replacement).
At last there's some good news. After surging for a few years, catalytic converter thefts are dropping.
The reason? The price of precious metals has fallen and tougher legislation targeting scrap recyclers appear to be taking a bite out of crime.
Thefts dropped in the first half of this year, according to new data shared exclusively with Paste BN.
BeenVerified estimates there were 26,742 catalytic converter thefts in the U.S. between January and June. That's down 43% from the same period last year.
It’s not all good news. Catalytic converter thefts are still nearly 21 times higher than in 2019 before the catalytic converter crime spree began, according to the data company.
Pumpkin spice hits Dunkin', Krispy Kreme and 7-Eleven: Starbucks is next.
Sure, it's still August but it's already time to get your pumpkin spice on.
Pre-fall menus already include your favorite gourd, with Dunkin' serving up Pumpkin Spice Signature Lattes and pumpkin coffee. And Krispy Kreme and 7-Eleven both started offering pumpkin spice goodies earlier this month. Starbucks and other favorite stops historically on the pumpkin spice bandwagon won't be far behind.
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About The Daily Money
Each weekday, The Daily Money delivers the best consumer news from Paste BN. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you.