Despite indications of scrap car prices having levelled off at the end of last year, prices have continued to fall throughout the first quarter of this year. As we reach the end of March we can see that prices have fallen a further 7% this month compared with February. When set against the same month last year, the picture is even worse with prices having fallen a whopping 65%.
If this decline continues at the current rate, the prices available today may well look quite favourable in a month or two’s time.
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.
Remember, the actual value of your car will depend on the type of car you have and where you live in the UK. If there’s still some life left in your car or it has some re-useable parts, it could be worth much more than scrap. Simply tell us your registration and postcode to find out instantly how much your car is worth.