CarTakeBack provides the latest scrap car price update for February 2021
As SMMT reported another poor month for the new car market – a 35.5% year on year drop to new car sales, CarTakeBack has more positive news relating to the average prices being paid for scrap cars in February. After an increase to start off the new year, February has seen scrap car prices plateau. The average scrap car price remained at the same level as in January.
Prices were also up by 31% compared to February 2020. We are nearing a year since the first nation lockdown began, meaning year on year comparisons in the coming spring months will be interesting to see.
Another month of high prices means that the CarTakeBack network’s average prices so far in 2021 surpassed those seen during any month in 2020.
Top Cars Scrapped in February
For the eighth consecutive month, the Ford Focus was the most common vehicle scrapped by the ATFs in the CarTakeBack network.
There’s been movement in the top cars scrapped by the CarTakeBack network compared to last month, the Ford Focus was again top, but February saw the Vauxhall Corsa and the Ford Fiesta switch places.
About the CarTakeBack Scrap Car Price Index
The CarTakeBack Scrap Car Price Index is a rolling monthly index covering the last 13 months. It’s updated monthly using the prices paid for scrap cars at CarTakeBack recycling centres throughout the UK. The prices are shown as a percentage, using the first month as the base price.
We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, by adjusting the prices to show what the average car would be worth. This means that the index gives a great indication of the movement in the value of scrap cars from one month to another.