October follows the trend of previous months and sees a reduction to the average amount being paid for scrap cars. Making it the sixth consecutive month to see a decline, though only by 2% compared to September’s prices, that’s just a drop of £6. The average age of cars scrapped in October was 16 years.
Despite the loss to average scrap values, you could get much more cash in your bank for your car! The value of scrap cars is based on numerous factors including, the demand for scrap metal and reusable car parts, as well as the make, model, age, weight, condition, and even your location, these all impact on the value of your car.
Take a look at the last 12 months trend in the chart
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.
The most frequently scrapped car with CarTakeBack is the Ford Focus. All cars in the top 5 saw losses to the value, except the Ford Fiesta, which for the second month in a row saw a considerable increase. In October the average scrap value of a Ford Fiesta was £282 – a 10% increase! That’s an extra £25 in the bank for Ford Fiesta owners.
Tip: you can move this table side to side on mobile devices if required.
|Make & Model||September Average||October Average||Change|
To see how much you can get for your scrap car, just enter your reg and postcode online. We may ask some simple questions about the condition of your car to help us get you the best price for it. CarTakeBack quotes are valid for 7 days, so if prices fall during that time, you’ll still get the best scrap value for your car!