Scrap car prices continue upward trajectory

Published 07 September 2020

Scrap car values increased in August, according to new industry figures.

New data from CarTakeBack.com, one of the largest scrap car recycling networks in the UK, show that average prices were up by around one per cent compared to August 2019. 

By the end of August, a 16-year-old Ford Fiesta had an average scrap value of £151, while a 15-year-old Vauxhall Astra was worth £147. Average values are expected to continue their upward trajectory, as the scrap car market recovers from the Covid-19 lockdown.

Scrap prices are dependent on many factors, including the global demand for scrap metal, as well as the make, model, age, weight, condition of the vehicle.

A spokesperson for CarTakeBack.com said: "In a normal year, August would be a time for people to take holidays abroad and we'd usually see scrap car prices dip slightly.

"To see them maintain is great news, especially in the current climate. The August scrap car prices are the highest we’ve seen this year, and there are signs that they could maintain into September."

During the height of the coronavirus lockdown, in April, scrap car prices were 24 per cent lower than those seen the year before. However, the market has recovered over the past few months as showrooms have reopened and people have bought new cars and part-exchanged their old vehicles.  

Top five cars scrapped in August 2020

Make & model Average Age (years) Average scrap value
 Ford Focus  16   £145
 Vauxhall Corsa 15  £144
 Ford Fiesta 16  £151
 Peugeot 206 16  £138
 Vauxhall Astra  15   £147

 

 

Comments

gavsmit    on 7 September 2020

If people are like me and holding onto their cars for much longer due to the ridiculous rate of inflation of new car prices in recent times, maybe that has resulted in less cars being scrapped so an increase in scrap metal values.

MikeM100    on 11 September 2020

Err 1% of £150 is £1.50

Wow must really cash in my secondhand car !

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