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.
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