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CarTakeBack scrap car price update – February 2019

Scrap Cars
What is the price of a scrap car?

How do the prices for scrap cars fare in the vehicle dismantling industry? According to CarTakeBack, even though the weather has been unseasonably warm for February, it didn’t translate into a good month for scrap car prices.

The average price paid for a scrap car in February 2019 was 2% lower than January. Although overall, scrap car prices are 31% higher than they were this time last year.

There might be a reduction in the value of scrap cars in the coming weeks because of the global demand for scrap metal, so this might be the time that more vehicles will be sold for scrap.

From the chart below, prices for scrap cars have been steadily on the incline.

Scrap Car Price Index Feb 2018-Feb 2019
CarTakeBack’s Scrap Car Price Index

Has this price increase affected your business’s profit? If you have any comments you would like to make on the topic or perhaps there is something else you would like to see us cover in the future, please contact info@atfpro.co.uk

Source: www.cartakeback.com

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