After a positive start to the New Year with January seeing a slight increase of 2% to the average value of a scrap car, this month’s scrap car price update has revealed another high! February’s scrap car prices with CarTakeBack were a decent 15% higher than those in January! That works out at a $53 increase. Plus prices are also 34% higher than they were this time last year.
The value of your scrap car is dependent on various factors, including the global demand for scrap metal, as well as the make, model, age, weight, condition and 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.
In January the most common car scrapped with CarTakeBack was the Holden Commodore, in February it was knocked off the top spot, though also by another Holden, this time the Astra. The Holden Astras scrapped with us were an average of 16 years old and the average scrap value of an Astra was $372.
There were no new comers to the top five makes of vehicle scrapped compared to the previous month, though some switched places, Holden were still the most commonly scrapped vehicles with CarTakeBack.
Tip: you can move this table side to side on mobile devices if required.
To do to find out the scrap value of your car, simply enter your vehicle details and your postcode into our online form and you’ll instantly see the scrap price for your car, or give us a call instead. Either way, there’s no need to hang around for a call back or an email to confirm the price, you’ll find out the scrap value of your car instantly. All quotes are valid for seven days, giving you security if the value of scrap metal reduces during that time.