Scrap Car Price Update May 2017

Posted on 31 May 2017 by CarTakeBack

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Last month we reported an increase to scrap car prices, and for the third month running prices have increased, this time a further 3% in May. This is welcome news for customers wishing to sell their old car as scrap metal.

The current scrap car prices are at 181% on our index. That means that they're 81% higher than the prices in May last year. The prices on offer for scrap cars are currently at the highest levels seen in 2017!

There are positive signs that prices could see a further slight increase, though we can never be sure that scrap metal prices will improve because of the fluctuating values of metal. As prices could fall at any time, like they did earlier this year, now could be a great time to sell your old car while prices are healthy!

About CarTakeBack's 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. 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.

Check out previous scrap car price updates >

Sell your car

If you want to sell your car while the prices are the best they've been this year, it's easy to see what your car is worth with CarTakeBack. All you need to do is enter your car registration and postcode to get a free, instant quote. We guarantee your quote for seven days - so you'll still get the price you were first quoted even if prices did fall during that time!

We don't just buy cars for scrap. Your car could be worth more than the scrap metal price, if it has reusable parts, or is still roadworthy you could get a better price. Make sure you let us know if the car is running and any other details about the condition of it and we'll offer you our best price to buy your car. Start by getting an instant quote now >