CarTakeBack has released the latest scrap car price report for October 2024, with the average scrap car price standing at £241. This represents a 2% increase from the previous month, marking a modest recovery from the year’s lowest levels. However, scrap prices are still 11% below where they stood in 2023.
The Ford Focus was the most commonly scrapped car in October, with an average scrap value of £268. This price is 11% above the overall average, offering Focus owners an additional £27 compared to the general scrap value.
Top Scrapped Cars in October
In October, the Ford Focus continued to be the top choice for scrapping at CarTakeBack. Among the top five most frequently scrapped models, most saw increases in average scrap values, except for the Ford Fiesta, which experienced a drop. The Vauxhall Astra saw the largest jump, with a 11% increase in value, bringing the average up to £248.
Chart Insights: October Scrap Values by Model
The chart illustrates the month-over-month changes in scrap values for the top five most scrapped models, comparing September and October averages. The Vauxhall Astra shows the highest increase at 11%, reflecting greater demand or metal value. The Ford Focus also saw a strong rise at 6%, continuing to hold its position as the most frequently scrapped model. The Ford Fiesta was the only model with a decrease, dropping by 7%, potentially due to a lower demand for its parts or materials.
About the CarTakeBack Scrap Car Price Index
The CarTakeBack Scrap Car Price Index is a rolling monthly indicator tracking scrap car prices across a 13-month period. Updated monthly using data from CarTakeBack recycling centers throughout the UK, it reflects the value of an average scrap car, considering differences in car shapes, sizes, and conditions. This index offers a reliable view of price trends, giving valuable insight into the movement of scrap values month-to-month.
Source www.cartakeback.com