Prius catalytic converters contain unusually high concentrations of platinum, palladium, and rhodium — at peak precious-metal prices, a Prius cat was worth $700–$1,500 on the scrap market. Theft became epidemic 2019–2023 and remains common. A stolen cat causes an immediate loud exhaust roar and multiple CELs. Replacement is $2,500–$4,000+ at dealer prices. Confirm the cat is physically present before anything else.
Walk around to the passenger-side front of the car and look under the engine bay with a flashlight — the catalytic converter should be visible as a metallic canister on the exhaust pipe upstream of the main pipe. Start the car: if it sounds like a motorcycle or hot rod, the cat is gone. A VIN-etched anti-theft shield on the underside is a good sign the car is protected.
Est. cost: $2,500–$4,500 dealer replacement; $800–$1,500 aftermarket
Source: NHTSA complaint database; NICB theft data; CarFax theft reports