February saw a decent increase of 15% compared to January and we’re happy to report that this month we’ve seen another increase! March’s scrap car price update has revealed that the average scrap car prices with CarTakeBack were 5% higher than those in February. That means they’re $21 higher. Plus prices are also 37% higher than they were in March 2020.
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.
Just as in February, in March the most common scrapped car with CarTakeBack was the Holden Astra. The Astras scrapped at our branches were an average of 18 years old and the average scrap value of an Astra was up from $372 in February to $444 in March, a $72 increase.
There were one new comers to the top five makes of vehicle scrapped compared to the previous month, Hyundai took Mazda out of the running. Holden were still the most commonly scrapped vehicles with CarTakeBack.
Tip: you can move this table side to side on mobile devices if required.
To get a scrap valuation for your car, simply enter your vehicle details and your postcode into our online form and you’ll instantly see the scrap price for your car. There’s no need to wait for a call back or an email to confirm the price. All quotes are valid for seven days, meaning you won’t lose out if the value of scrap metal falls during that time.