Essential information for end of life vehicle dismantling, depollution and recycling

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CarTakeBack scrap car price update – February 2019

Scrap Cars
What is the price of a scrap car?
How do the prices for scrap cars fare in the vehicle dismantling industry? According to CarTakeBack, even though the weather has been unseasonably warm for February, it didn’t translate into a good month for scrap car prices.

 

The average price paid for a scrap car in February 2019 was 2% lower than January. Although overall, scrap car prices are 31% higher than they were this time last year.

There might be a reduction in the value of scrap cars in the coming weeks because of the global demand for scrap metal, so this might be the time that more vehicles will be sold for scrap.

From the chart below, prices for scrap cars have been steadily on the incline.

Scrap Car Price Index Feb 2018-Feb 2019 cartakeback
CarTakeBack’s Scrap Car Price Index

Has this price increase affected your business’s profit? If you have any comments you would like to make on the topic or perhaps there is something else you would like to see us cover in the future, please contact info@atfpro.co.uk

Source: www.cartakeback.com

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Adam Hewitt

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.

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e2e Total Loss Vehicle Management [e2e] is the UK’s only salvage and automotive recycling network with nationwide, environmentally compliant sites delivering performance resilience and service reliability to the insurance and fleet markets.  The network’s online salvage auction www.salvagemarket.co.uk drives strong salvage resale values and faster sales.  e2e’s salvage clients have access to the network’s stocks of over 5 million quality graded, warranty assured reclaimed parts. 

The power of the network model means e2e has the ability to influence industry standards and is committed to continually raising the bar whilst redefining the role and perceived value of the salvage operator.  Network members adhere to robust service level agreements, against which they are audited, in order to ensure performance consistency and a market leading customer experience.  

The salvage and recycling operating environment is evolving rapidly, and e2e is anticipating, listening and responding to changing market needs.  Regulatory compliance, ESG, reclaimed parts, customer experience, EVs, new vehicle technologies, data and reputation risk are just some of many considerations linked to the procurement of salvage services.  e2e will drive further added value to clients and members through the adoption and application of emerging technologies, continuing to differentiate its proposition and position salvage services as a professional partnership. 

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