Scrap Car Price Update May 2024

Posted on 4th Jun 2024 by Rebecca Currier Posted in: Latest News

May Average Scrap Car Price $551

The average value of a scrap car fell by just $4 in May, that’s a 0.9% decrease. This reduction sees scrap car prices match the lowest level seen this year, which was back in March. The global demand for scrap metal is an ongoing contributing factor to the current value of cars.

Despite not seeing rises in the average value, your specific car could be worth more! There are many factors that go in to 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 scrap.

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.

Top cars scrapped in May 2024

The top model scrapped – The Toyota Camry is the most scrapped car with CarTakeBack, knocking the Holden Cruze from the top position. The average age of Camry scrapped was 22 years. The average scrap value of a Toyota Camry was $711 – that’s $160 above the average scrap car value!

Top 5 makes of car scrapped – Holden retains the top spot again.

Tip: you can move this table side to side on mobile devices if required.


Check out previous scrap car price updates >

What is your car worth as scrap?

Instantly see scrap value of your car by entering your car details and your postcode into our online form. If you choose to answer a few simple questions about the condition of your car, and upload photos, you could get even more for it! All our quotes are valid for seven days, meaning you won’t lose out if scrap prices fall.

Get a free instant scrap car quote now >

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