After seeing a healthy increase in scrap car prices last month, there has been a further increase of 5% to prices in April. In last month’s update, we predicted that prices would maintain at the same level, so a slight increase is welcome news.
The prices being paid for scrap cars is currently at 201% on our index, that’s double the amount being paid in April last year – the highest levels so far this year!
There are however some signs that prices could be starting to falter. And with the ever changing price of scrap metal, no one can be certain whether prices will maintain, or suddenly fall as we saw earlier this year in February.
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.
Getting the latest scrap price for your car couldn’t be easier, just tell us your car registration and postcode for a free quote. We’ll use these details to instantly show you prices for your scrap car. Your quote is valid for seven days, meaning if prices did suddenly drop, you’ll still be guaranteed the price you were first quoted!
If your car has reusable parts or is still roadworthy, it may be worth more than the price of scrap metal. Be sure to let us know the condition of your car and we’ll offer you our best price to buy your old car.