After reporting last month that the scrap metal prices on offer for cars had fallen by 1%, it’s a similar story this month too. February has seen scrap car prices drop slightly compared to January, by just 2%. The picture in relation to this time last year isn’t too bad, prices are just 1% lower than those seen in February 2019.
Last year, scrap prices began to pick up in March. So with spring almost in sight, perhaps we’ll see scrap car prices spring up next month too!
About the CarTakeBack 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.
No need to spend time searching for the best scrap price, it’s easy to find out how much your car is worth, all you have to do is enter your car registration and postcode into our quote system and you’ll see the scrap metal value of your car by comparing prices from local scrap buyers. Getting a quote is quick and easy, plus there’s no obligation. All quotes are valid for seven days, so if scrap metal prices did drop, you’d still get the best price for your scrap car.