Cartakeback provides the latest figures for May 2021, and unsurprisingly, due to the lockdown this time last year, they have seen an increase of more than 80% for scrap prices.
CarTakeBack are reporting another increase to the average scrap car prices from their network of ATFs, the highest values seen this year. Plus another month on month price rise meant that May was the 12th month in a row that they’ve reported a price increase.
A great improvement compared to this time last year when, the impact of the initial Covid lockdown on scrap prices was just beginning to show signs of recovering.
In May, prices were up a whopping 83% compared to May 2020, and month on month, prices increased in May slightly, by 4%, compared to April.
With such a boom to scrap car prices over the last year, it’s uncertain as to whether prices will continue to increase into the Summer, we’re eager to see how things go throughout the next few weeks of June.
Top Cars Scrapped in May
The top scrapped car at CarTakeBack ATFs in May was again the Ford Focus, as it has been for the last ten months. The average scrap price for a Ford Focus increased by just 1% compared to April 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.