CarTakeBack provide the latest scrap car price update for March 2021
March 2021 saw the year anniversary of the first Coronavirus lockdown with us all still under restrictions. But with things starting to ease, it certainly feels more positive and this month’s scrap car price update from CarTakeBack sees price on the rise again.
After seeing prices steady in February, March saw another considerable increase of 9%. Making average prices from CarTakeBack ATFs in March the highest seen in the last 12 months.
March’s average price for a scrap car was 9% above prices paid in February. Prices were also up by a whopping 44% compared to March last year. April 2020 had seen the average value of a scrap car plummet as we were in the first lockdown, but from the next month’s comparison, you can see considerable year on year percentage increases.
Top Cars Scrapped in March
The top scrapped car with CarTakeBack in March was again the Ford Focus, as it has been for the last nine months. The average scrap price for a Ford Focus increased by 4% compared to February 2021 and by a gigantic 97% compared to March 2020!
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.
Click here for previous scrap car price updates