We’re happy to say that the prices for scrap cars have increased again this month. That makes August the sixth consecutive month that we’ve reported an increase to prices!
This month’s increase saw prices rise by 4% compared to the scrap car prices on offer in July, making them the best prices we’ve seen so far this year. Prices are a whopping 98% higher than they were in August last year! Great news if you’re looking to sell your scrap car now.
The prices for scrap cars look like they may remain at the levels seen in August. Though in the scrap metal market changes to prices can happen suddenly, as seen back in February when scrap car prices decreased. This sharp drop in prices can happen at any time. If you’re wanting to sell your scrap car, now could be a good time to make the most of the healthy prices on offer.
The CarTakeBack Scrap Car Price Index is a rolling monthly index covering the last 13 months. It’s updated monthly using the prices paid for scrap cars at CarTakeBack recycling centres throughout the UK. The prices are shown as a percentage, using the first month as the base price.
We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, by adjusting the prices to show what the average car would be worth. This means that the index gives a great indication of the movement in the value of scrap cars from one month to another.
Finding the best price for your scrap car is easy with CarTakeBack. All you need is your car registration and postcode to get your free, no obligation price for your car. You’ll see the price instantly and we’ll save your quote for seven days, so if prices do fall, you’ll still get the price you were originally quoted.
If your car is still drivable, has parts that can be reused, or is worth more than the current scrap metal value, we’ll find you a better price! Just tell us a few more details about the cars condition to find out the best price for your car.