In July the average value of a scrap car slipped to the lowest levels seen this year, down by 6% compared to June. Prices have dropped just under £300, that’s the first time they’ve dipped below £300 since February 2022. A continued decrease in the value of scrap metal and the value of catalytic converters is the main cause of the reduction.
Prices are also down by 11% compared to July 2022, which is a £35 year on year decrease to the average value.
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. As the value of cars varies depending on these elements, yours could be worth above the average! Find out how much your car is worth with an instant quote >
Take a look at the last 12 months trend 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.
July becomes the seventh month this year that the most frequently scrapped car was the Ford Focus. In July the average scrap value of a Ford Focus was £324, that’s £25 above the average for all scrap vehicles.
Of the top 5 cars scrapped, all saw reductions in the average value compared to last month. The Ford Fiesta sees the biggest loss of 13%. The Vauxhall Corsa drops by just 3%.
Tip: you can move this table side to side on mobile devices if required.
|Make & Model
To see how much your car is worth, just enter your reg and postcode into our online form. We may ask some simple questions about the condition of your car to help us get you the best price. Quotes are valid for 7 days, so if prices did fall further during that time, you’ll still get the highest value for your scrap car!