Scrap Car Price Update July 2018

Posted on 31st Jul 2018 by Rebecca Currier Posted in: Latest News

The heatwave might have cooled off a little but scrap car prices haven’t! In July the prices on offer for scrap cars increased by 3% compared to the prices in June. This makes the current scrap car prices on offer with CarTakeBack, the highest ones seen so far this year, that’s great news if it’s time for you to sell your car for scrap!

When we compare the July scrap metal prices to those available this time last year, we can see that prices have topped last Julys by 22%.

These top prices could carry on throughout the rest of the summer, however, we can’t guarantee it. The demand for scrap metal causes fluctuating prices and there’s no telling when prices could drop. So now might be the best time to sell your car for scrap metal, whilst we’re seeing the best prices of 2018 so far!

Chart showing the last 13 months of scrap car prices

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 >

Time to sell your car as scrap? It’s easy with CarTakeBack!

Find out instantly how much your car is worth by entering your registration and postcode online, or by giving our lovely customer services team a call. CarTakeBack will instantly give you the best prices for your scrap car. You’ll have the option to drop your car off or arrange to have it collected at a time to suit you. There’s no obligation with your quote, and the prices are saved for 7 days, giving you time to think it over and if the scrap metal prices fall, you’ll still get the current value of your car.

Is your car not ready to scrap? We buy other cars too!

As well as giving prices for scrap cars, CarTakeBack also gives you values for cars that are still roadworthy, and cars that can be broken for parts. Our instant car quote process is the same as it is for scrap, just enter your car registration and postcode, and we’ll show you the highest prices for your car in your local area.

Get a free quote for your car now >

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