Contrary to the signs that we reported on at the end of November, when the prices being paid for scrap cars around the UK appeared to have plateaued, scrap prices actually continued to rise at the same rate. This took prices to a level 17% higher than November.
As the year 2016 comes to a close, the CarTakeBack Scrap Car Price Index ends on a high – 43% higher in fact than the same time last year. This means that on average, CarTakeBack customers who sell their car as scrap metal, are currently being paid almost half as much again than they were at the end of 2015.
With January traditionally being the time for a fresh start as we face the New Year ahead of us, it looks like a great time to cash in on the value of that old car.
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.
Check out previous scrap car price updates >
You can find out exactly what you’ll be paid for your old car as scrap by getting an instant quote from CarTakeBack. And if your car has plenty of re-usable parts or is simply too good to scrap, we’ll buy your car, whatever its age or condition.
