The new year is well underway and after ending 2020 on a high we’re reporting another! January has seen a minor increase to the average value of a scrap car with CarTakeBack, topping any price seen in our 2020 updates. Scrap car prices were up by 2%, that’s $6, compared to December and up a decent 17%, that’s plus $53 compared to January 2020.
We’re encouraged by the positive start to 2021 and hope that scrap car values maintain or rise further in the months going forward.
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, a change from the last two months which both saw the Toyota Camry hold the top spot. The average age of the Commodores sold for scrap was 17 years and the average scrap value of a Holden Commodore was $343.
There were some changes to the top five makes of vehicle scrapped compared to the previous month, Holden overtook Toyota and Ford for the top spot. Mazda made an appearance, taking the place of Hyundai.
Tip: you can move this table side to side on mobile devices if required.
All you need to do to find out the scrap value of your car, is use our online form to enter your vehicle details and your postcode and you’ll instantly see the scrap price for your car, or you can give our Customer Services Team a call. No need to hang around for a call back or an email to confirm the price, you’ll find out the 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.