We start 2019 with a slight drop in scrap car prices, with the value being 4% lower than it was in December. However, the price of scrap cars is still an impressive 35% higher than they were in January 2018, so people are getting good value out of their cars when they scrap them.
This downward trend could continue into the spring months, so if you need to get rid of your old car, now is an ideal time to do it, to get the most out of your vehicle.
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 your scrap car is influenced by the global scrap metal market, the weight of any metal, and the value of any reusable parts. With a CarTakeBack instant quote, you’ll see how much your scrap car is worth instantly, you just need to enter your registration and postcode to see the price on screen. We guarantee the quote for seven days, so if you need a few days to think, the price won’t drop, even if the value of scrap metal does.
If your car isn’t ready for the scrap yard, but you need to sell it, CarTakeBack can help with that too. Finding out how much your used car is worth is simple. By entering your car’s registration and your postcode on our website, you’ll see how much we’ll pay for your car, instantly. Whether your car has failed its MOT, it’s waiting for a repair, or you just fancy a change, CarTakeBack will buy it. We’ll collect your car from you, and we’ll sort out the DVLA paperwork, too!