Scrap Car Price Update July 2016

Posted on 26 July 2016 by CarTakeBack

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Our previous monthly post for June, which marked the halfway point for the year, saw scrap car prices beginning to level off. The small increase that we predicted emerged in the form of a 2% increase in the month of July. The CarTakeBack Scrap Car Price index shows that we're now only one or two percentage points off the levels we saw during November and December last year, although prices being paid for scrap cars are still down at exactly half of what they were this time last year.

While there have been musings within the industry that prices could be on the recovery, many are simply pleased to see that scrap car prices have risen to the highest levels we've seen so far this year.

Scrap price index July 2016

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 >

CarTakeBack's index makes it a doddle to keep track of the movement in scrap car prices nationwide, and finding out exactly what your car is worth is just as easy. Just enter your car reg and postcode to get an instant quote in seconds. We'll even let you know if your car is worth more than scrap.

 

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