CarTakeBack provides the latest scrap car prices for February 2020.
The latest CarTakeBack scrap car price update reports very little change this month, no major spikes or dips to the prices have been seen.
After reporting last month that the scrap metal prices on offer for cars had fallen by 1%, CarTakeBack is reporting a similar story this month too. February has seen scrap car prices drop slightly compared to those in January, by just 2%.
There’s been minimal change in relation to this time last year too, with prices only 1% lower than those seen back in February 2019. Based on previous data, CarTakeBack noted that seasonally scrap car prices do have a tendency to pick up after the winter, from March.
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 ATFs throughout the UK. The prices are shown as a percentage, using the first month as the base price.
CarTakeBack takes 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.
Visit previous CarTakeBack scrap price updates at www.cartakeback.com