Scrap Car Price Update October 2019

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

It’s a spooky time of the year, the clocks have gone back, there’s a chill in the air and it’s Halloween! And unfortunately, scrap car prices are rather gloomy this month too. In October the average prices on offer for scrap cars were the lowest that we’ve seen this year. Scrap car prices fell by 6% compared to September. There was also a drop in year on year prices too, with scrap car prices being slightly lower compared to October 2018.

Scrap car metal prices began to fall towards the end of the summer, though it’s always uncertain as to what will happen with the scrap metal market, prices could recover in the coming weeks. This may be the end of the slump in scrap metal prices, we’ll be keeping a close eye on the prices in November for any sign of an upturn.

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 >

What’s your car worth as scrap metal?

Enter your reg and postcode into our online form, or call our Customer Services Team to find out how much your car is worth. The price is valid for seven days, so you’ll still cash in if scrap prices fall after you get a quote. Find out more about getting a scrap price for your car >

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