CarTakeBack provides the latest scrap car prices for March 2020
As turbulent times face us all due to Coronavirus, CarTakeBack reports that there was an expected impact on the prices being paid for scrap cars this month. The downward trend seen so far this year continued into March, with another decline to scrap car prices. However, all things considered, the drop wasn’t too severe, down just 1% on the prices seen in February.
As we are regularly hearing in the news, the impact of the virus is far from over, so April may be likely to see a further decline to scrap car prices.
Currently, the CarTakeBack Customer Services Team are safely working from home. They have suspended their drop-off service, however, collections are continuing at present when it is safe to do so, closely following the Government guidance on social distancing and hygiene.
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.
To view previous CarTakeBack scrap price updates visit www.cartakeback.com