CarTakeBack, reports a 43% increase in scrap car prices compared to the same time last year in their latest scrap car price update for November 2021.
ATF network CarTakeBack, report that scrap car prices are back on top! Recent months saw some minor decreases to scrap car prices, though they started to increase in October. In November the increase to scrap car prices of 4% compared to October, means they’ve risen to match those from June, which were the highest prices seen this year!
Prices on offer at the network are also up compared to November 2020, by 43%. As we head into the festive period with more uncertainty around potential Covid restrictions, prices may be impacted, though early signs show prices to be holding into December.
Top Cars Scrapped in November
The most scrapped car at CarTakeBack ATFs in October was again the Ford Focus, which makes it 17 months at the top spot! The average value of a Ford Focus at CarTakeBack ATFs increased by 4% compared to October 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.