After the gloomy news about scrap car values at Halloween, November has brightened up, in terms of scrap prices, not the weather! There has been a welcome increase in the prices paid for scrap cars this month, valuing scrap cars at 12% higher than they were in October! This big rise in value means that the prices being paid for scrap cars in November 2019 is 3% higher than the prices on offer in November 2018.
Because scrap metal values can fluctuate, there is no guarantee that prices will stay as high as they are as we move into the festive season. So if you’re looking to scrap your old car and get a bit of extra Christmas spending money, now’s the time to do it!
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.
We’ve taken 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.
Check out CarTakeBack’s previous scrap car prices at www.cartakeback.com