Scrap Car Price Update May 2019

Posted on 31st May 2019 by Rebecca Currier Posted in: Latest News

Scrap car prices on offer in May were on top! Scrap car metal values have continued to rise month on month since February this year. Meaning that the prices in May were the highest of 2019 so far! The average price being paid for a scrap car in May was 3% higher than April. As well as being 37% higher than the prices paid for cars in May 2018!

The average value of scrap cars are higher than they’ve been for over a year, so if you’re looking to sell your car for scrap, now is a great time to cash in!

Chart showing last 13 months of scrap car prices

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 >

How old are scrap cars?

This month we’re taking a closer look at the average age of cars being scrapped. We found that in May this year most of the cars scrapped were aged between 10 and 20 years old, with the biggest volume of cars being 15 years old. The oldest car to be scrapped this month was a Rover 110 at the ripe old age of 55!

Chart highlighting that the average age of scrap cars is currently 15 years

What’s the value of my scrap car?

The easiest way to find out how much you will be paid for your scrap car is to get an instant quote with us.

The prices offered for scrap cars are constantly updated to keep in line with the global demand for scrap metal. A quote from CarTakeBack will give you the best price available. We take into account the value of any reusable parts, as well as the metal in the car, so you can ensure the price we quote is accurate.

Once you have your quote, we will lock in the price for seven days. So, if the value of the scrap metal drop as we move into June 2019, you’ll still get the best price.

You can sell your car for scrap whether it’s damaged, broken down, has a high mileage, failed it’s MOT, see what your car is worth today!

Get an online quote now >

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