After four consecutive months of price increases, in November the average scrap car value has taken a dip. With just a 2% drop, prices are still high. Despite the decrease, it’s still five consecutive months where the average value of a scrap car with CarTakeBack has been over $500!
Although month on month prices have taken a slight hit, the average scrap car prices are up by 50% compared to November 2020. Prices could keep above $500 as we move into December, though as always with scrap metal valuations, they can change dramatically. Our scrap car prices are valid for seven days, so if prices do fall, you’ll still get the best price for your car.
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.
The top model scrapped – Taking the place of the Toyota Corolla, a fellow Toyota, the Camry, was the most frequently scrapped car at CarTakeBack recycling centres. With an average value of $765 in November the Toyota Camry was 44% higher than the general value of scrap cars.
The top 5 makes of car scrapped – Despite the Camry being the most popular scrapped model, the Holden again took the top spot of the most common make of vehicle scrapped with CarTakeBack. There were a few changes to the other cars in the top list.
Tip: you can move this table side to side on mobile devices if required.
To find out how much you could get for your car, just enter your vehicle details and your postcode into our online form and you’ll instantly see the best price. Quotes are valid for seven days, meaning you won’t lose out if the value of scrap metal drops during that time.