Is that really how cat theft works- thief gets a couple hundred and it’s smuggled offshore and broken up for raw materials to make new cats? Why can’t the thief sell to a local shop for $1000, to repair maybe the very car it was stolen from? Are cats serialized and tracked?

When I was in Central America people would steal windshields from cars left outside at night. New replacements were very expensive because of import taxes but you could just go to the nearest shady shop and what do you know, they just happen to have a used one for your car in stock!