Car Take Back’s Scrap Car Price Update for November 2023 reveals a positive turn in the average scrap car value, marking a noteworthy increase after six months of consecutive decline. The average price for scrap cars in November reached £276, showing a 2% rise compared to previous months, translating to a modest increase of £6.
Interestingly, the average age of cars scrapped in November extended to 17 years, indicating a slight increase from the previous month. It seems that vehicle owners are keeping their cars on the road for a bit longer. This increase in average prices suggests the potential for greater returns if you’re considering selling your car for scrap.
Factors influencing scrap car prices are multifaceted, including demand for scrap metal and reusable parts, alongside considerations such as make, model, age, weight, condition, and even location. These variables collectively impact the value of your vehicle.
The CarTakeBack Scrap Car Price Index, a rolling monthly index spanning the last 13 months, reflects this fluctuation. Updated monthly based on scrap car prices at CarTakeBack recycling centres across the UK, this index accommodates the diverse range of cars in terms of size, providing insight into the movement of scrap car values from month to month.
Notably, in November, the Ford Focus emerged as the most frequently scrapped car, commanding an average scrap value of £292. Additionally, owners of older Vauxhall Astras experienced a 5% increase in their cars’ value, presenting a favourable time for those particular models.
Here’s a snapshot of the top cars scrapped in November and their average scrap values compared between October and November:
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