Car recycling network CarTakeBack, report a record-breaking year for scrap car prices. The average price paid for a scrap car by CarTakeBack rose throughout the first six months of 2022 and peaked in early summer at £358, almost £100 higher than the top prices seen from the network in 2021. Prices maintained at a similar level throughout the latter half of 2022 and saw the year-end with the average at £344 in December.
Scrap Car Prices – Year-on-Year Comparison
The average scrap car value in 2021 was £240, in 2022, the average rose by 38% to a value of £331.
Rebecca Currier, CarTakeBack Marketing Manager, reflected on 2022’s scrap car market and gave her predictions for 2023:
“We were delighted to see top scrap prices being offered to our customers throughout 2022, with a record-breaking average price of £358 being reached. With purchase prices increasing as well as the general cost of living, it’s a pleasure to be able to reassure owners of scrap cars that we can ensure they see the best value for their old cars.
In 2023 we could see further changes to driving habits due to the introduction of Clean Air Zones throughout some cities, particularly the expansion of the ULEZ in the capital. As well as the impact of the ongoing cost of living crisis on people’s ability to purchase or simply run a car, many car owners may take advantage of these high scrap car prices and get rid of their old vehicles sooner rather than later.”
Types of Cars Frequently Scrapped in 2021
The average age of cars CarTakeBack scrapped was 16 years.
CarTakeBack scrapped more Ford vehicles in 2022 than any other makes, with Vauxhall and Peugeot in second and third positions, respectively.
The top five models scrapped in 2022 were the Ford Focus, Vauxhall Corsa, Ford Fiesta, Vauxhall Astra and Vauxhall Zafira.
More silver cars (27%) were scrapped than any other colour vehicle, with blue (20%) coming in second and black (18%) in third.
Of the vehicles scrapped in 2022, 62% were petrol, and 38% were diesel. This is a year-on-year increase of 5% in diesels being scrapped.
CarTakeBack is the UK’s largest scrap car recycling network. With over 300 scrap car recycling centres in the UK, the network has recycled over 6 million vehicles and are the official recycling partner to many of the vehicle manufacturers.
Source CarTakeBack UK