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Scrap car value back to pre-lockdown levels

 Scrap car value same as pre-lockdown feat
 
Cartakeback latest scrap car update for July shows that scrap car values are back to the same levels pre-lockdown

 

The Coronavirus lockdown measures in the UK have eased further throughout July with more places being allowed to reopen, though the pandemic is still impacting our lives and our businesses.

The value of scrap cars plummeted in April as we were in lockdown, since then prices have been recovering month on month and we’re happy to report that July is no exception. June brought us closer to pre-lockdown prices, and July has boosted us there. Prices in July are back to the same level that they were at in January. In July, scrap car prices crept 7% higher than those in June. This month prices were just 3% lower than they were this time last year. August could see prices maintain, but there are more factors than ever influencing the prices paid for scrap cars.

Scrap car value same as pre-lockdown chart

To see previous CarTakeBack scrap car price updates go to www.cartakeback.com

Source: www.cartakeback.com

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Owain Griffiths

Owain Griffiths

Head of Circular Economy at Volvo Cars

Owain joined Volvo Cars in June 2021 to lead Circular Economy in the Global Sustainability Team. The company has committed to being a circular business by 2040 and has financial, recycled content and CO2 based targets for 2025, all of which Owain is working across the company to make happen. Owain previously worked for circular economy consultancy Oakdene Hollins where he advised businesses on evidence led circular economy implementation. 

Turning into a circular business and the importance of vehicle reuse and recycling.

The presentation will cover the work Volvo Cars is doing to achieve 2025 but mainly focus on the transformational work towards 2040 and the business and value chain changes being considered. Attention will be paid to the way vehicles are being dealt with at the end of life and the complexities of closing material and component loops. Opportunities and challenges which Volvo Cars is facing will be presented including engagement with 3rd parties and increasing pressure from stakeholders.