Scrap car price update October 2016

Posted on 28 October 2016 by CarTakeBack

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Another small increase took place in October with scrap car prices rising 4% on our index from 91% to 95%. This is understood to be due in part to increased demand for steel in Spain, which is one of many steel producing countries around the world. Not only is this is a new high for 2016, but this also takes us very close to the prices being paid for scrap cars in the UK this time last year - just 5% lower.

Unless we experience another sudden fall in scrap metal prices, like we have done in the past without warning, the prices paid for scrap cars could well increase another 2 or 3 percentage points on our scrap car price index by this time next month.

UK scrap car values from Oct 2015 to Oct 2016

About the CarTakeBack Scrap Car Price Index

Take a look back at September's scrap car price update 

If you eventually decide your old car has had it, and want to know exactly what it's worth as scrap, or even as spare parts, all you need to do is tell us your registration and postcode to get an instant quote for your old car.

Take a look at November's scrap car price update 

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