Scrap car prices rise to highest level this year!
For the fourth consecutive month average scrap car prices have increased. In July prices for scrap cars are up by 2% – that’s an extra $13 for your car. This extra boost is great news if you’re considering selling your old car. Plus your car could be worth well above the average value!
As well as scrap car values being up compared to the previous month, they’re also considerably higher than July 2022 – up by a whopping $53!
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.
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 – In July, the Toyota Corolla was the most frequently scrapped car at CarTakeBack wreckers. The average age was 20 years and the scrap value was $867! That’s almost $300 above the general average scrap car value. Now’s the time to sell your Toyota Corolla for scrap if you’ve been considering it.
Top 5 makes of car scrapped – Holden retains the top spot as in the previous month.
Tip: you can move this table side to side on mobile devices if required.
| June | July |
|---|---|
| Holden | Holden |
| Toyota | Ford |
| Ford | Toyota |
| Mazda | Hyundai |
| Mitsubishi | Nissan |
Check out previous scrap car price updates >
To see how much your car is worth, simply enter your vehicle details and your postcode into our online form and you’ll instantly see the scrap value of your car. Our quotes are valid for seven days, meaning you won’t lose out if scrap metal prices fall during that time.
