For the second consecutive month scrap car prices rise! The increase of 3% in July means an extra $15 in your bank when you scrap your car. Building on the increase back in June, this is a positive sign of prices recovering from the lowest levels seen this year, $551 in March. Despite the increase the cost of living and global demand for scrap metal is an ongoing contributing factor to the current value of cars.
Your scrap car could be worth more than the average price! There are various factors that go into valuing a scrap car, such as the demand for 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 has a higher value 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 – The Holden Cruze was the most scrapped car with CarTakeBack in July, knocking the Holden Astra from the top position. The average age of Cruze scrapped was 15 years. The average scrap value of a Holden Cruze was $577 – that’s exactly in line with the average scrap car value!
Top 5 makes of car scrapped – Holden retains the top spot again, with Toyota holding in second, and it was all change for the remaining positions.
Tip: you can move this table side to side on mobile devices if required.
| June | July |
|---|---|
| Holden | Holden |
| Toyota | Toyota |
| Ford | Mazda |
| Nissan | Ford |
| Mazda | Mitsubishi |
Check out previous scrap car price updates >
To find out the scrap value of your car, enter your car details and your postcode into our online form. By choosing to answer a few simple questions about the condition of your car, and upload photos, you could get even more cash in the bank for it! All our quotes are valid for seven days, meaning you won’t lose out if scrap values drop.
