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

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CarTakeBack Scrap Car Price Update Q1 2022

ATF network CarTakeBack, reports record-breaking scrap car prices in Q1. Prices from the ATFs in the network have been on the up throughout the year so far, each month breaking the previous months’ record of being the highest average price seen.

 

January

January’s average price for scrap cars was up by 1% compared to December. As well as increasing month on month, prices were up by 31% compared to January 2021.

February

Prices in February were 5% higher than those on offer in January and scrap car prices were up by 38% compared to February 2021.

March

March saw the most considerable increases, ending the quarter on a high. The average price for a scrap car was 15% higher than prices on offer in February! As well as increasing month on month, scrap car prices were up by 46% compared to March 2021. Early signs show that these high prices could maintain into April.

 

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Top Cars Scrapped

The Ford Focus was unsurprisingly the most frequently scrapped car at CarTakeBack ATFs across the UK in Q1. The average value of a Ford Focus with the network’s ATFs increased by 16% in March compared to February.

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.

Visit www.cartakeback.com/scrap-car-price-update

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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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