CarTakeBack reported another good month in terms of scrap car prices. April’s average scrap price for a car was 6% higher than in March. Prices on offer were a third higher (34%) than they were in April 2018. Whilst both the domestic and global outlook remain uncertain, there are initial signs that the price levels in April could maintain into May.
Further analysis of the data reveals that of the vehicles recycled by CarTakeBack in April, 23% were diesel and 77% were petrol fuelled.
Last month the average age of a vehicle scrapped by CarTakeBack was 15 years. They looked into data from the Department for Transport for cars registered 15 years ago to see what the split of fuel type was. They found that in 2004 19% of cars on UK roads were diesel and 81% were petrol. Data from 2018 showed that 39% of cars on the road were diesel and 59% were petrol, with the remainder of the balance being Electric, Hybrid or Gas.
CarTakeBack recently reported that they have seen a rise in the percentage of diesel vehicles being scrapped compared to petrol vehicles. Could this be due to the introduction of Ultra Low Emission Zones, the Volkswagen emissions scandal or vilification of diesel engine cars by several Governments in Europe? Maybe it’s a combination of all three.
The CarTakeBack Scrap Car Price Index is a monthly index covering the last 13 months. The prices are shown as a percentage, using the first month as the base price. The index gives a great indication of the movement in the value of scrap cars from one month to another.
Check out previous scrap car price updates here: https://www.cartakeback.com/scrap-car-price-update
