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CarTakeBack Scrap Car Price Update August 2022

CarTakeBack provides the latest scrap car price update for August 2022

 

CarTakeBack Scrap Car Price Update August 2022 f re re

The height of summer saw temperatures soar, unfortunately, scrap car prices haven’t followed the weather! In August, prices took a very modest hit, with prices reducing by 1% compared to those in July.

August Average Scrap Car Price £330

Factors such as delays to car manufacturing, and the demand for scrap metal fluctuating impact the prices being paid for scrap cars. Although month-on-month prices have fallen, scrap car prices were up by a decent 32% compared to August last year, that’s an increase of £81 year on year! So now is still a good time to scrap your car and get cash in the bank.

CarTakeBack Scrap Car Price Update August 2022 f re

There are many factors that influence the scrap value of a car, such as the demand for scrap metal and reusable car 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 the UK. 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.

Top Cars Scrapped in August

The most frequently scrapped car with CarTakeBack was the Ford Focus. In August, the average scrap price for a Ford Focus was £365. That’s down by just £3, compared to the average value in July.

Despite average prices decreasing, the value of three cars in the top list increased, and those that reduced, only did so by 1 or 2%. All values of the top car scrapped remain over £300.

Make & Model

July average scrap value

August average scrap value

Percentage change

Ford Focus

£368

£365

-1%

Vauxhall Corsa

£313

£322

3%

Vauxhall Astra

£309

£316

2%

Vauxhall Zafira

£395

£397

1%

Ford Fiesta

£300

£293

-2%

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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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