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CarTakeBack update on scrap car prices for March

Last month CarTakeBack reported a slight slump in scrap car prices, however in contrast March has seen a slight increase. The average scrap price on offer for a car in March was 4% higher than in February, and prices were also 29% higher than they were in March 2018. Whilst both the domestic and global outlook remain uncertain, there are signs that the price level seen in March may continue into April.

Scrap Car Prices March 2019

Further analysis of March’s data by CarTakeBack reveals some interesting information:

The top five models of cars scrapped were:

  1.       Ford Focus
  2.       Vauxhall Corsa
  3.       Vauxhall Astra
  4.       Ford Fiesta
  5.       Peugeot 206

CarTakeBack also analysed the average age of car scrapped by them in March, which was 15 years, and reviewed SMMT data to determine what the top five models for new car sales were back then, to see if this is reflected in cars scrapped:

  1.       Ford Focus
  2.       Vauxhall Corsa
  3.       Peugeot 206
  4.       Ford Fiesta
  5.       Renault Clio

Comparing the data between new car sales in March 2004 and scrapped cars in March 2019, the majority of the top five cars being scrapped in March 2019 were some of the best selling cars back in 2004. Perhaps the Peugeot 206 was the car to have back in 2004 if you wanted one to last, and the Vauxhall Astra, which didn’t even appear in the top five in sales back in 2004 wasn’t the best of buys back then! Scrap cars

The CarTakeBack Scrap Car Price Index is a monthly index covering the last 13 months. The prices are shown as a percentage, using the first month as the base price. The index gives a great indication of the movement in the value of scrap cars from one month to another.

Check out previous scrap car price updates at www.cartakeback.com

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