The darkness has settled in this month as we head towards the shortest daylight hours of the year, but there is no gloom involved with the scrap car prices. Prices have continued to rise since October, with another 5% increase on the value of scrap cars. An impressive 53% higher than what scrap cars were worth this time last year.
If you’re looking to sell your scrap car, now is a great time to do it. The value of your scrap car is influenced by the global demand for scrap metal, and as we head towards Christmas and New Year, some businesses slow down, ready for some rest and relaxation for their employees. With that in mind, the prices could drop by the end of the year.
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 can be difficult to work out how much your scrap car is worth, but with our instant quote service, you can find out in seconds. Just enter your postcode and the car’s registration to see your car’s current value on screen. Alternatively, you can speak to one of our team over the phone, who will ask for your details and give you a price. The price we quote you will be valid for seven days, so if scrap metal prices do drop, your initial quote will be safe.
CarTakeBack don’t just buy scrap cars. We’ll buy cars in any condition, and the instant quote process is the same. It doesn’t matter if your car has failed its MOT, been in an accident, broken down, had high mileage, or is just no longer of use to you, simply enter your registration and postcode onto our quote form, to tell us a bit about the condition of the car, and see what it’s worth.