The weather has been unseasonably warm for February, but unfortunately, that didn’t translate into a good month for scrap car prices. The average price paid for a scrap car in February 2019 was 2% lower than January. It’s looking good overall though, with scrap car prices an impressive 31% higher than they were this time last year.
There might be a reduction in the value of scrap cars in the coming weeks because of the global demand for scrap metal, so now is a good time to sell your scrap 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.
The value of a scrap car depends on its weight, the current value of scrap metal, and the demand for any reusable parts. Our instant quote takes all of these into account and gives you an up to date value for your car. We just need the registration and your postcode to show you the value of your car on screen. Once you get your quote, the price is guaranteed for seven days, so if you need some time to decide on selling your old car, the price won’t drop, even if scrap metal value does.
CarTakeBack also buy used cars. By entering your registration and postcode into our instant quote system, you will see the price we will pay for your used car on screen. We offer collection of your car, so even if it’s stuck at a garage after a failed MOT, or you can’t get to our local branch, you can still sell your car with us!