After the dramatic drop in scrap car prices that we saw last month, prices have increased a healthy 15% in March, in line with the signs we made reference to in last month’s update.
The prices currently being paid for scrap cars are 194% on our index, not only is this higher than the levels we saw at the start of the year, but this is 94% higher than in March last year.
Over the last few days we’re seeing prices being maintained at around the same level. However, with the ever changing scrap metal market, no one can be sure whether these high prices will be sustained, or as was the case last month, whether they will suddenly fall.
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.
To get the latest scrap price for your car, all you need to do is tell us your registration and postcode, so we can identify your car and where you are in the UK.
You’ll see your free, instant quote for your scrap car and there’s no obligation to accept. Your quote is valid for seven days, so if prices did fall, you’re still guaranteed that initial price for your car.
If your car has plenty of reusable parts, or is still roadworthy, it could be worth more than the scrap value. Just let us know the condition your car is in and we’ll offer you our best price to buy your car.