After reporting a slight drop last month (1%), CarTakeBack have seen average prices in July maintain. The average scrap car prices are exactly level with those in June 2019. Although there was no change to report month on month, the average price being paid in July 2019 was 31% higher than scrap prices seen in July 2018.
This is the first time we’ve seen CarTakeBack report that prices have remained static. Could prices increase going into August? Will we see prices maintain or fall?
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 CarTakeBack scrap car price updates at www.cartakeback.com