After a month of record-breaking prices, in April the average value of a scrap car decreased slightly. Though prices were still considerably higher than those in 2021.
The average price for a scrap car decreased by 3% month on month. Year on year prices increased by 25% compared to April 2021. Early signs show that prices will maintain into May, though as always with scrap metal prices, they can suddenly change. It’s best to cash in on your old car now!
The value of scrap cars is dependent on various factors, including the global demand for scrap metal, any reusable parts, as well as the make, model, age, weight, condition and even the location of your car.
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 Australia. 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 top model scrapped – The Holden Astra was the most frequently scrapped car at CarTakeBack recycling centres in April, with the average age being 18. The average value of a Holden Astra was $558!
The top 5 makes of car scrapped – Holden again took the top spot as the most common make of vehicle scrapped in April.
Tip: you can move this table side to side on mobile devices if required.
To get the best scrap price for your car, just enter your vehicle details and your postcode into our online form and you’ll instantly see the value. Quotes are valid for seven days, meaning you won’t lose out if the value of scrap metal falls during that time. We offer free collection and have a great customer services team to help you with any queries you might have.