This month we’re happy to report another boost to the prices being paid for scrap cars. Recently prices have been increasing month on month, after they previously dropped in April and May coinciding with the impact of the Coronavirus pandemic. In August scrap car prices increased by 6% compared to July, and are up 20% compared to August 2019. These scrap car prices are the highest we’ve seen all year, so it’s a great time to scrap your car and get some cash in the bank!
Scrap prices offered for your car are dependent on many factors, including the global demand for scrap metal, as well as the make, model, age, weight, condition, location of your car – these all impact the final value of your vehicle.
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.
This month the most common vehicle scrapped was the Toyota Corolla, the average age of the Corollas scrapped was 21 years and the average scrap value of a Toyota Corolla was $420.
Tip: you can move this table side to side on mobile devices if required.
| Make | Average Age | Average Scrap Value |
|---|---|---|
| Toyota | 20 | $490 |
| Holden | 16 | $305 |
| Mitsubishi | 18 | $348 |
| Hyundai | 18 | $220 |
| Subaru | 15 | $547 |
Check out previous scrap car price updates >
The CarTakeBack Customer Services Team are still safely working from home and are able to make arrangements for you to sell your scrap car. Scrap car collections are still safely happening across the country, following the latest Government guidance on social distancing and hygiene. Collections will only be carried out when it is safe to do so, for both our local branches and for you. You can also drop your car off at your local CarTakeBack scrap car recycling centre, though opening hours may vary – always check before dropping off your car.
It’s easy to find out how much your scrap car is worth with CarTakeBack, enter your vehicle details and your postcode into our quote system and you’ll see the scrap value of your car, instantly, there’s no need to wait for a call back or email valuation. Plus all quotes are valid for seven days, so if the value of scrap metal did drop in the coming days, you’d still get the top scrap price for your car.
