Prices increase in February! After three consecutive months of decline, February saw prices rise by 4%, that’s an extra $24 in your bank when you scrap your car. Despite difficult times due to the increased cost of living, the average scrap car price is also up by 3% compared to February 2023.
It’s a great time to cash in on that old car you have, your car could even be worth more than the average! In February the average value of a Holden Commodore was $678 – that’s a 15% month on month increase!
There are many factors that influence the scrap value of a car, such as the demand for scrap metal and reusable car parts, as well as the make, model, age, weight, condition, and even the location of your car. It’s always worth getting a free quote with CarTakeBack to see if your car is worth more than the average.
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 – For the second consecutive month, the Holden Astra was the most frequently scrapped car with CarTakeBack. The average age of Astras scrapped was 20 years. The average scrap value of a Holden Astra was $513.
Top 5 makes of car scrapped – Holden retains the top spot and Honda is a new addition.
Tip: you can move this table side to side on mobile devices if required.
| January | February |
|---|---|
| Holden | Holden |
| Toyota | Ford |
| Ford | Toyota |
| Mitsubishi | Mitsubishi |
| Nissan | Honda |
Check out previous scrap car price updates >
Find out by entering your car details and your postcode into our online form. You’ll instantly see the scrap value of your car! Quotes are valid for seven days, meaning you won’t lose out if scrap prices fall. If you choose to answer a few simple questions about the condition of your car, you could get more for it!
