Scrap car prices see a 46% increase compared to September last year according to CarTakeBack.
In a month that saw SMMT report low new car sales, CarTakeBack scrap car prices took a slight hit in September. After peaking in June, prices maintained from July to August. The reported drop in September is only by 2%, not as extreme as the decrease we saw last year which coincided with the impact of Covid lockdowns.
Although prices from the network may not be the highest seen this year, they’re still higher than previous months in 2021 and considerably higher than this time last year. Prices from the ATF network are 46% higher compared to those in September 2020. Early signs show that prices could maintain into October.
Top Cars Scrapped in September
The most scrapped car at CarTakeBack ATFs in September was again the Ford Focus, which makes it 15 months at the top spot! Though average scrap prices fell by 2% overall, the average price for a Ford Focus actually increased by 2% compared to August 2021.
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 the UK. The prices are shown as a percentage, using the first month as the base price.
We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, by adjusting the prices to 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.
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