Scrap Car Price Update January 2024

Posted on 5th Feb 2024 by Rebecca Currier Posted in: Latest News

January average scrap car price £255

In the last quarter of 2023, prices being paid for scrap cars remained relatively stable, hovering around the £270 mark. In January we saw a slight reduction on those figures to £255. It’s an unsurprising start to the year as the cost of living crisis continues. Prices are also down by 25% compared to January 2023.

Despite prices dropping by 6%, your car could be worth much more. In January the average value of a Ford Focus (which was the most frequently scrapped car in 2023) bucked the trend and increased in value by 2%.

Your car could be worth more than the average! Various factors contribute to the value of your scrap car, including, the demand for scrap metal and reusable car parts, plus the make, model, age, weight, condition, and even your location, all impact on the value of your car.

Take a look at the trend over the last 13 months in the chart below…

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. We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, the prices 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.

Top cars scrapped in January

After being the most frequently scrapped car in 2023, the Ford Focus remained in the top spot as we start the new year. The average scrap value of a Focus was £290 – that’s £35 above the general average. The Focus was the only model in the top 5 to see an increase, all others saw a decline.

Tip: you can move this table side to side on mobile devices if required.

Make & ModelDecember AverageJanuary AverageChange
Ford Focus£283£2902%
Vauxhall Corsa£247£219-11%
Ford Fiesta£292£262-10%
Renault Clio£224£216-4%
Vauxhall Astra£255£235-8%

Check out previous scrap car price updates >

What is your car worth?

Finding out the scrap value of your car is easy with CarTakeBack. just enter your reg and postcode. You may be asked some simple questions about the condition of your car to help us get you the best price for it. CarTakeBack quotes are valid for 7 days, so if scrap prices fall during that time, you’ll still get the best value for your car!

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