After a stable start to the year, and a modest increase in April, during May the average value of a scrap car fell by 6%. That means that May’s prices the lowest seen this year, down by £21 compared to April.
Prices are also down by 9% compared to May 2022, which works out at a £32 year on year decrease. That being said, prices are still comfortably above £300, and prices vary depending on many factors so your car could be worth well above the average! Find out how much your car is worth with an instant quote >
There are many factors that influence the scrap value of a car, such as the demand for scrap metal and reusable car parts, as well as the make, model, age, weight, condition, and even the location of your car.
Take a look at the last 12 months trend in the chart below.
About the CarTakeBack 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. We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, the prices 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.
As in each month so far in 2023, the most frequently scrapped car with CarTakeBack in May was the Ford Focus. In May the average scrap value of a Ford Focus was £386. Despite the overall decrease to the average scrap car price, the average price of a Ford Focus actually increased month on month by £6.
Of the top 5 cars scrapped, other than the Ford Focus all other vehicles saw a decrease compared to last month. The Vauxhall Corsa and Astra saw the biggest drops, 6%.
Tip: you can move this table side to side on mobile devices if required.
|Make & Model
It’s easy to find out the best scrap price on offer for your car. Just enter your reg and postcode into our online form to instantly see what it’s worth. We may ask some simple questions about the condition of your car to help us get you the best value. Quotes are valid for 7 days, so if prices fall, you’ll still get the best value for your scrap car!