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

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December 2023 Scrap Car Pricing Insights

In the closing month of 2023, the average price for scrap cars saw a marginal decline, settling at £272, according to Car Take Back. This slight drop of £4 compared to the previous month hovered just above the year’s lowest value of £270, recorded in October.

 

December 2023 Scrap Car Pricing Insights p

A notable trend emerged in the age of vehicles reaching auto recycling facilities, maintaining a consistent average age of 17 years from November. Interestingly, this age stood a year older than those scrapped in October, hinting at a shift towards extending the lifespan of cars.

Despite a 1% decrease in prices, the potential cash value for scrapped cars remains variable, dependent on numerous factors. These elements range from the demand for scrap metal and reusable car parts to specific details like make, model, age, weight, condition, and geographical location.

December’s Top Scrapped Cars

CarTakeBack highlighted that the Ford Focus was the most frequently scrapped vehicle. Notably, not all models followed the general trend of declining values. The Corsa, Fiesta, and Zafira models saw noticeable increases, with the Ford Fiesta particularly standing out with a substantial 9% surge in value.

Here’s a comparison of average value changes from November to December:

Make & Model November Average December Average Change
Ford Focus £292 £283 -3%
Vauxhall Corsa £238 £247 4%
Ford Fiesta £269 £292 9%
Vauxhall Astra £268 £255 -5%
Vauxhall Zafira £302 £304 1%

These fluctuations highlight the dynamic nature of scrap car valuations. Specific models can defy the overall market trend, experiencing significant value increases despite broader shifts.

The conclusion of 2023 offered a nuanced perspective on the scrap car market, underscoring the multifaceted factors influencing the value of these vehicles.

Source www.cartakeback.com

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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. 

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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