2018 has previously seen month on month increases in the scrap prices being offered for cars, May however hasn’t seen an increase. It’s not bad news though, prices have maintained. In May we saw prices have a 0% change on those in April – making them the highest prices on offer this year for the second month running!
Scrap car prices are 34% higher than they were compared to this time last year. Whilst it’s great to see the prices maintaining, there’s no certainty that they will continue into June. The price of scrap metal changes in line with the global demand, so prices could fall at any time.
If you’ve got a car that you want to sell for scrap, now could be a good time to make the most of the healthy prices available.
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.
It’s quick and easy to find out how much your scrap car is worth with CarTakeBack. You can get an instant scrap car quote online by entering your reg and postcode. Plus with CarTakeBack you can have your car collected at a time to suit you. We’ll even help to sort the paperwork – selling your car for scrap is hassle free with us!
Getting an instant quote is free and there’s no obligation, simply use our online form, or give us a call. Plus, your quote is guaranteed for seven days, so if scrap prices did take a tumble, your scrap car quote is still valid!
If you want to sell your car but it’s still roadworthy, or has parts that can be re-used, you still sell it online with CarTakeBack. Enter your reg and postcode and then tell us a few more details about the condition of your car and we’ll offer you a price to buy it!