We’ve got a spring in our step this month, not just because Spring is finally here, but because we’re happy to report that March has been a good month for scrap car prices. The average price on offer for a scrap car was 4% higher than it was in February. The scrap car metal prices are also 29% higher than they were this time last year!
It’s looking as though the prices may maintain or even rise in the coming weeks, though as always there’s no guarantee as the prices are influenced by global demand for scrap metal, which fluctuates.
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.
The value of a scrap car depends on various factors such as its age, weight, the current value of scrap metal, whether the car has any suitable reusable parts, as well as the condition and the location of your car.
To find out how much your car is worth, we just need your car registration and your postcode. You can get a quote online or give us a call and you’ll find out instantly. Your price is guaranteed for seven days, so if you need some time, the price won’t drop, even if the scrap metal value does.
With CarTakeBack you can also get a price for a car that’s too good to scrap, whether it’s damaged, broken down, failed its MOT, has high mileage you can get an instant price. By entering your registration and postcode into our form, you’ll see the price on offer. We offer car collection across the country, so even if it’s stuck at a garage after a failed MOT, or you can’t get to our local branch, you can still sell your car with us!