The prices paid for scrap cars held steady throughout September at 73% on our index.
And with the summer now firmly behind us, prices remain at their highest point for the year, although compared with September last year, prices are 27% lower.
While we’re fairly optimistic that a further increase could follow in October, it’s likely to be small. This, combined with the uncertainty in the metals markets, suggests that we shouldn’t rule out the chance of another sudden fall.
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.
Do you want to know exactly what your car is worth as scrap? Or maybe you’re interested in finding out whether your car has any value as spare parts? Perhaps you’ll get more than trading your old car in!
It takes seconds to get an instant quote for your old car with CarTakeBack.