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CarTakeBack Scrap Car Price Update – September 2024

CarTakeBack provides the latest scrap car price update for September 2024.

 

CarTakeBack Scrap Car Price Update – September 2024 p

In September 2024, the average price paid for scrap cars in the UK reached £236, representing a 4% drop compared to August. This reduction marks the lowest point in scrap car prices for the year. Although the average decline in value was just £9, the overall trend suggests that scrap car prices have entered a downward phase as we move further into autumn.

Despite this downward trend, many scrap cars can still fetch significantly more than the average, depending on various contributing factors. Elements like the demand for metal and reusable parts, the make and model of the vehicle, its age, weight, condition, and even the owner’s geographic location can all play a role in determining the final price. Therefore, it remains worthwhile for vehicle owners to obtain a free quote to understand the specific value of their scrap car.

The Ford Focus: Most Frequently Scrapped and Higher Than Average Value

Once again, the Ford Focus emerged as the most frequently scrapped vehicle in September. Interestingly, the average value of a scrapped Ford Focus stood at £254, which is 8% higher than the overall average scrap car price. This showcases the fact that certain models can still command a better price in the scrap market, particularly for popular and widely owned models like the Focus.

September’s Top Scrapped Vehicles

September’s data reveals some interesting trends in the top five scrapped cars, highlighting both reductions and increases in their average scrap values. While most of these popular vehicles saw a decline in value compared to August, the Ford Fiesta bucked the trend, increasing in value by 9%.

CarTakeBack Scrap Car Price Update – September 2024 chart

Ford Focus: The average scrap value for a Ford Focus dropped by 4%, from £265 in August to £254 in September.

Vauxhall Corsa: Scrapped Vauxhall Corsas saw a slight decline of 2%, with the average price falling to £215.

Vauxhall Astra: The Vauxhall Astra experienced the most significant drop among the top vehicles, with an 11% decrease, bringing the average scrap value down to £223.

Ford Fiesta: The Ford Fiesta saw its value rise by 9%, reaching £258, which contrasts the overall downward market trend.

Vauxhall Insignia: This model held relatively steady, with just a 1% reduction, bringing the average price to £307.

The ongoing fluctuations in scrap car prices are influenced by global metal demand, recycling industry trends, and changing vehicle ownership patterns. As the market adjusts, businesses in the recycling and automotive sectors should continue monitoring these shifts through tools like the CarTakeBack Scrap Car Price Index. Though prices may dip, opportunities remain for specific models to outperform the average.

The CarTakeBack Scrap Car Price Index

The CarTakeBack Scrap Car Price Index provides valuable insights into the scrap car market, making it a vital resource for the industry. This index is a rolling 13-month report, updated monthly using data from prices paid at CarTakeBack recycling centres across the UK. It tracks the prices paid for a wide range of vehicles, ensuring an accurate reflection of trends in the scrap market. The index adjusts for the variety of vehicle sizes and types, offering an accurate indication of the movements in scrap car prices from month to month. For businesses involved in the automotive recycling and scrap metal sectors, the index is a reliable measure to gauge current market dynamics and anticipate future shifts.

Source cartakeback.com

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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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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. 

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