In the latest update from CarTakeBack, the Scrap Car Price Index for February 2024 has been revealed. Despite the ongoing cost of living crisis, there’s a noteworthy 4% increase in the average scrap car price compared to January. With the average value now standing at £266.
Scrap Car Price Trends
Various factors influence the value of scrap cars, including demand for scrap metal and reusable car parts, as well as the car’s make, model, age, weight, condition, and geographical location. For instance, in February, the average value of a Ford Focus, the most frequently scrapped car, was £300.
Top Scrapped Cars in February
Despite the overall increase in scrap car prices, there were notable variations among the top five scrapped car models in February. While the Ford Focus retained its leading position with an average scrap value of £300, other models, such as the Vauxhall Corsa and Ford Fiesta, also experienced significant price increases.
| Make & Model | January Average | February Average | Change |
| Ford Focus | £290 | £300 | 3% |
| Vauxhall Corsa | £219 | £232 | 6% |
| Ford Fiesta | £262 | £290 | 11% |
| Renault Clio | £216 | £209 | -3% |
| Vauxhall Astra | £235 | £249 | 6% |
The Ford Focus saw a modest increase from £290 in January to £300 in February, marking a 3% rise. Conversely, the Vauxhall Corsa experienced a more significant uptick, with prices climbing from £219 to £232, reflecting a 6% increase. The Ford Fiesta witnessed the most substantial jump, soaring from £262 to £290, indicating an 11% surge in February. In contrast, the Renault Clio experienced a slight decrease from £216 to £209, representing a 3% decline. Meanwhile, the Vauxhall Astra also saw an increase, rising from £235 to £249, marking a 6% change.
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