After January’s modest start to the year, February sees scrap car prices increase! The value of scrap cars was boosted in February by 9% compared to January, that’s an increase of $46 month on month! It’s great news if you’re looking to scrap your old car.
As well as seeing a month on month increase, prices were also up by 1% compared to February last year.
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.
Take a look at the last 13 months in the chart below.
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 Cruze was the most frequently scrapped car at CarTakeBack recycling centres in February. The average age was just 12 and the scrap value was well above the general average at $824 – fantastic news if you have an old Holden Cruze to sell!
Top 5 makes of car scrapped – Except for Holden, it’s all change with the top five.
Tip: you can move this table side to side on mobile devices if required.
| January | February |
|---|---|
| Holden | Holden |
| Toyota | Ford |
| Mitsubishi | Toyota |
| Hyundai | Mazda |
| Ford | Hyundai |
Check out previous scrap car price updates >
To get the best scrap price for your car, simply enter your vehicle details and your postcode into our online form and you’ll instantly see how much your car is worth. Our no obligation quotes are valid for seven days, meaning you won’t lose out if scrap metal prices fall during that time.
