April has been a bumper month for the prices paid for scrap cars! After a levelling off of the value of scrap cars in March, the average price paid for a scrap car this month has increased by an incredible 12%. This makes the value of scrap cars almost 100% higher than April last year, so it’s a great time to sell your car for scrap.
The value of scrap metal, which is influenced by global demand, could fall as we move into the summer months, so if there is an old car on your drive that needs to be recycled, now is an opportune time to scrap it.
The CarTakeBack Scrap Car Price Index is updated monthly using the prices on offer for scrap cars at CarTakeBack recycling centres throughout Ireland. It is intended to give an indication of the movement in the price from one month to another, with the prices being shown as a percentage. Cars come in all shapes and sizes which has an effect on their scrap value, so prices have been adjusted to show what the average car would be worth.
The price paid for a scrap car depends on the value of any reusable parts, and the value of the metal in the car. The global market of scrap metal fluctuates depending on demand, which is why the value of scrap cars change over time.
If you want to find out how much your car is worth right now, with the prices being so high, you can enter your car’s registration and location into our instant quote system online. If the prices do start to drop, there is no need to worry, because the price we quote is guaranteed for seven days after you get it. So lock in these good prices and get a quote today!