Scrap car price update August 2016

Posted on 31 August 2016 by CarTakeBack

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The industry talk of prices being on the recovery, that we mentioned in last month's report, appears to have been accurate. Although growth is slow, scrap car prices continue to creep upwards with a further 3% increase in August compared with July. This puts the prices that are now being paid as the highest this year and equal to that being paid in December last year.

Although scrap car values are still 40% lower than the same time last year, these small month on month increases (which is a trend that looks set to continue), mean that we're now a considerable 13 percentage points in front of the lowest point we experienced back in March.
August 2016's scrap price index

About the CarTakeBack Scrap Car Price Index

Take a look back at July's scrap car price update 

You can find out exactly what your car is worth by getting an instant quote. If your car has any sought after parts which can be resold, meaning it's worth more than its value as scrap metal, we'll give you our best price.

Take a look at September's scrap car price update 

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