The Coronavirus lockdown measures in the UK have eased further throughout July with more places being allowed to reopen, though the pandemic is still impacting our lives and our businesses.
The value of scrap cars plummeted in April as we were in lockdown, since then prices have been recovering month on month and we’re happy to report that July is no exception. June brought us closer to pre-lockdown prices, and July has boosted us there. Prices in July are back to the same level that they were at in January. In July, scrap car prices crept 7% higher than those in June. This month prices were just 3% lower than they were this time last year. August could see prices maintain, but there are more factors than ever influencing the prices paid for scrap cars.
The CarTakeBack Customer Services Team are still safely working from home and are able to make arrangements for you to sell your scrap car. June saw the safe return of our drop-off service across most of the country. Collections are still safely happening, following the latest Government guidance on social distancing and hygiene. Collections will only be carried out when it is safe to do so, for both our local branches and for you.
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.
To get a valuation for your scrap car, simply enter your reg and postcode into our instant quote form. You can arrange to have your car safely collected at a time to suit you.