The average scrap car price reported each month is still yoyoing, this time it’s good news! After reporting a drop in September, prices in October have bounced back. The average price for a scrap car increased by 6% compared to September.
Though prices have increased month on month, year on year prices remained the same.
The value of scrap cars is dependent on various factors, including the global demand for scrap metal, any reusable parts, as well as the make, model, age, weight, condition and even the 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 – The Holden Commodore was the most frequently scrapped car at CarTakeBack recycling centres in October. The average age of Commodores scrapped was 18.6 and the scrap value was above the general average at $572.
The top 5 makes of car scrapped – October sees Ford go back to the mid table position and Mazda makes a return by beating Hyundai to fifth place.
Tip: you can move this table side to side on mobile devices if required.
To get the best scrap price for your car, just enter your vehicle details and your postcode into our online form and you’ll instantly see how much your car is worth. Our quotes are valid for seven days, meaning you won’t lose out if scrap metal prices fall during that time.