October has seen another increase to the value of scrap cars with CarTakeBack. The average price for scrap cars rose by 5% compared to September. Making the prices the highest seen this year! This latest increase means that’s four consecutive months where the average value of a scrap car with CarTakeBack has been over $500!
A $26 increase month on month is great news for anyone in need of quick cash for cars! Average scrap car prices are also up by 52% compared to October 2020. Prices could maintain into November, though as always with scrap metal valuations, they can fluctuate. 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 – After being top spot for the previous three months, the Holden Astra has been knocked off the top spot. The Toyota Corolla was the most frequently scrapped car at CarTakeBack recycling centres. The average value of Toyota Corollas scrapped was $850! That’s a great price compared to the general average.
The top 5 makes of car scrapped – Holden was overtaken by Toyota for the top spot of the most common make of vehicle scrapped at CarTakeBack recycling centres. 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 price on offer. There’s no need to wait for a call back or an email to confirm your car valuation. Quotes are valid for seven days, meaning you won’t lose out if the value of scrap metal drops during that time.