Scrap Car Price Update February 2018

Posted on 28th Feb 2018 by Rebecca Currier Posted in: Latest News

Despite the talk about increasing abandoned vehicle numbers across the country, which, rather confusingly, some are putting down to low scrap prices, we’re pleased to report that due to a strong demand for steel, the scrap car prices currently on offer are the highest they’ve been for several years!

There’s even been a slight increase compared with last month, with the scrap car prices on offer in February a modest 1% higher. Compared with the same time last year, the price you can get today for your scrap car is 37% higher, showing that 2018 is off to a great start if you’re looking to scrap your car.

Due to the way that the scrap metal market fluctuates, there’s no guarantee that these prices will be sustained into next month. So, if you’ve got a car to scrap, our advice is to make the most of the healthy prices currently on offer and sell your scrap car now!

Chart showing the last 13 months of scrap car prices

About CarTakeBack’s Scrap Car Price Index

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 >

See how much your car is worth

Selling your car for scrap with CarTakeBack couldn’t be easier, from finding out the value of your car, arranging to have it collected, to getting paid and having the paperwork sorted, we take the hassle out of scrapping your car.

Get started with a free, no obligation quote. Just enter your car registration and postcode using our online form and we’ll use those details to instantly show you the best scrap prices for your car. We’ll even guarantee your quote for seven days, so if metal prices do drop, your scrap car quote is still valid.

Get a free instant quote to sell your scrap car >

Is your car too good to scrap?

Perhaps you have a car that’s not ready to be recycled, if your car is still roadworthy, or has parts that can be re-used – we can still give you a price to sell it. You’ll just need to tell us a bit more information about the condition of your car and we’ll tell you how much you’ll get for it!

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