Scrap Car Price Update February 2022

Posted on Friday, 4 March 2022 by CarTakeBack

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After a steady decline in the last few months, the average price paid for a scrap car is back on top in February! Surpassing prices on offer in 2021, this month saw a new high as the average price paid for a scrap car tipped over $550, the highest average rate seen with CarTakeBack.

February Average Scrap Car Price $558

Prices for scrap cars are up 7% month on month and also up by 34% compared to February 2021. We predict that prices will maintain above $500 into March, though as always with scrap metal valuations, they can change rapidly.

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.

February scrap car prices reach $558 with CarTakeBack

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.

Top cars scrapped in February 2022

The top model scrapped - The Toyota Corolla was the most frequently scrapped car at CarTakeBack recycling centres in February. With an average value of a whopping $734!

The top 5 makes of car scrapped - Despite the Corolla being the most popular scrapped model, Holden took the top spot of the most common make of vehicle scrapped in February. 

January Top Cars Scrapped February Top Cars Scrapped
Toyota Holden
Holden Toyota
Ford Ford
Mitsubishi Mitsubishi
Hyundai Hyundai


Check out our previous scrap car price updates >

Get the best price for your scrap car

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.

Find out how much your scrap car is worth >

 

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