The graph below may portray a less than positive picture, but considering 2022’s scrap prices were at a decade high, and we spent most of last year waiting for the drop, you can ponder this chart with a pinch of salt, or maybe a spoonful of sugar!
While 2023 has seen a consistent period of decline, the reality is that the monthly average has maintained a relatively high level. We only have to go back to 2020 to see an annual average price of £160, which puts this ‘drop’ into perspective. In short, the majority of people scrapping their car this year have still been able to take advantage of the strong worldwide demand for scrap metal.
As we always make clear, as well as the global demand for scrap metals, the average value of a scrap car is influenced by factors such as reusable parts, the make, model, age, weight, condition, and even location of your car. All these factors change over time and as we head into 2024 we can’t be sure how figures will change.
So, onto the fun data!
The most frequently scrapped car with CarTakeBack over the year was the fantastic Ford Focus! The average scrap price for this popular model was £350 over the whole year, with a current average scrap value of £257 as we see the year out.
Ford actually takes two places in the top three scrapped cars for 2023. After the Ford Focus, Vauxhall’s Corsa comes a relatively close second and back to Ford with the Fiesta in third place. The average age of those ‘top scrapped cars’ is 17 years and as you’ve no doubt worked out, the most popular car sold 17 years ago was of course the Ford Focus. Data from SMMT shows the Ford Focus accounted for nearly 20% of the medium car market and new registrations outstripped any other model, in every category, by over 50,000 vehicles!
Silver claims the top spot for the colour of most scrapped cars this year, with blue and black not too far behind. The grey shade that started to become so popular in the 2000’s is the next most frequent colour we’ve seen in scrap cars in 2023, with red and white trailing behind.
Petrol cars made up 60% of the vehicles scrapped this year and 39% were diesel. Just 1% covered the hybrid and electric cars we’ve started to process.
Whatever the colour, fuel type, model or age of your car you may well wonder what it’s worth right now… Here we are to the rescue! CarTakeBack can give you an instant scrap car quote for any car 24 hours a day!
Simply enter your reg and postcode into our online form and you’ll see the best price instantly.
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