CarTakeBack provides their scrap car price index for September 2019.
Summer might feel like it’s long gone, it’s getting darker earlier and the weather is turning, unfortunately we aren’t reporting an increase in prices, but it’s not all bad. The average scrap car prices seen in September fell by 2% compared to August.
Although scrap prices have dropped a little, the prices for September 2019 were a decent 18% higher than this time last year! Plus, they’re still higher than we saw during the first quarter of the year.
Global demand for scrap metal greatly influences the prices paid for scrap cars and it’s difficult to predict whether we’ll see these price decreases continuing into the autumn. It could be a great time to scrap your car whilst prices are still higher than those we saw this time last year, and during the first quarter of this year.
About CarTakeBack’s 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.
Cars of all shapes and sizes are taken into account, 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.
Check out CarTakeBack’s previous scrap car price updates here