We’re seeing the summer weather cool off somewhat, and unfortunately the same can be said for scrap car prices this month. After a steady couple of months, August’s average scrap car prices have fallen slightly, by 4% when compared to those seen in both June and July. Although the month on month prices have dropped a little, the prices for August 2019 were 25% higher than those on offer this time last year!
Forecasting the future of the scrap metal value in cars isn’t easy and there’s no guarantee, worldwide demand for scrap metal can change daily and affect prices paid for cars. Now may be a sensible time to scrap your car as prices could fall as we head into the autumn months.
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.
It’s easy to get a scrap valuation for your car, just enter your details online or call us with your registration and postcode. You’ll instantly see how much your car is worth. Your price is saved for seven days, so if prices take another tumble, you’ll still get the best price for your scrap car!