Scrap car prices in the UK continued to decline in September, with the average price falling to £276, the lowest level of the year, according to Car Take Back. This is the fifth consecutive month of price declines and is attributed to a number of factors, including the falling demand for scrap metal and reusable car parts.
The average age of cars scrapped in September was 19 years, which is two years older than the previous month. This could be due to an increase in older vehicles being scrapped in Greater London due to the expansion of the Ultra Low Emission Zone (ULEZ) and the Transport for London (TfL) scrappage schemes.
Despite the overall decline in scrap car prices, some cars are still worth more than the average. The value of a scrap car depends on a number of factors, including the make, model, age, weight, condition, and location of the car.
The top five most frequently scrapped cars in September were:
- Ford Fiesta
- Honda Civic
- Ford Focus
- BMW 320
- Nissan Micra
The Ford Fiesta saw the biggest increase in value in September, with an average scrap value of £344, up 49% from the previous month.