Scrap Car Price Update January 2018

Posted on Wednesday, 31 January 2018 by CarTakeBack

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Scrap car prices are off to a great start in 2018! Last month we predicted an increase to the scrap car prices for January 2018 - and we weren't wrong! Scrap prices have increased by 15% compared to last month, which makes them the highest prices we've seen over the last twelve months.

The prices on offer for scrap cars are a whopping 55% higher than this time last year! This is great news if you're looking to sell your car for scrap. There's some suggestion that the prices may level off into February, so make the most of the current prices on offer and sell your car for scrap now.

Scrap car prices from Jan 2017 to Jan 2018 in Australia

The CarTakeBack Scrap Car Price Index is updated monthly using the prices on offer for scrap cars at CarTakeBack recycling centres throughout Australia. It is intended to give an indication of the movement in the price from one month to another, with the prices being shown as a percentage. Cars come in all shapes and sizes which has an effect on their scrap value, so prices have been adjusted to show what the average car would be worth.

Get an instant car valuation

It's easy to find out what your car is worth as scrap metal with CarTakeBack! Enter your details and we'll instantly tell you the best prices on offer for your scrap car. Give us a try now and find out how much your car is worth. It's free to get a quote and there's no obligation. Plus, your quote will be valid for seven days.

See all scrap price updates >

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