Scrap car prices are up 56% compared with the same time last year according to CarTakeBack.
After 13 months of increases, this month CarTakeBack report a slight drop, of just 3%, to the average value of scrap cars from their network of ATFs. June saw the highest values in recent months, and just a 3% drop in July means that the prices are still the second-highest seen in 2021.
Though month on month prices fell in July, year on year prices were still up by 56% compared to those in July 2020. It’s unknown as to whether prices will continue to decrease further into August.
Top Cars Scrapped in July
The most scrapped car at CarTakeBack ATFs in July was again the Ford Focus, which makes it 13 months at the top spot! Though average scrap prices fell by 3% overall, the average price for a Ford Focus actually increased by 3% compared to June 2021.
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.