We previously reported that the start of the summer saw the average price for a scrap car maintain, however as we moved into July, the prices have dropped slightly. June reported the highest prices seen at £358, July sees that price take a hit of 7%.
In our June update, we predicted that prices would take a hit in July due to factors such as car manufacturing being impacted by supply chains, and the demand for scrap metal fluctuating. Although month on month prices have fallen, scrap car prices were up by a decent 34% compared to July last year, that’s an increase of £84 year on year! So now is still a good time to scrap your car and get some extra cash in the bank.
There are many factors that influence the scrap value of a car, such as the demand for scrap metal and reusable car parts, as well as the make, model, age, weight, condition, and even the location of your car.
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.
The most frequently scrapped car with CarTakeBack was the Ford Focus. In July the average scrap price for a Ford Focus was £368. That’s down by 3%, or £10, compared to the average value in June.
All vehicles in the top five saw a decrease to the average value this month. Despite the decreases, all values remain over £300.
Tip: you can move this table side to side on mobile devices if required.
|Make & Model||Average Scrap Value June||Average Scrap Value July||Percentage Change|
See how much your scrap car is worth by entering your reg and postcode into our online form, you’ll get the best price instantly. We may ask some questions about the condition of your car to help us get you the best value on offer for it. All scrap car quotes are valid for 7 days, so if prices did fall during that time, you’ll still get the best scrap price for your car!