As the summer holidays end and the kids go back to school, we’ve experienced another 4% drop in scrap car prices this month, after the same in July. It’s not all bad news though… the money paid for scrap cars is still an impressive 61% higher than it was in August 2018!
The value of scrap cars could fall further as we move into September, but if you get a quote from CarTakeBack, the price is guaranteed for seven days. So now is a perfect time to sell your scrap car and get the best price for it!
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 Ireland. 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.
To work out the value of your scrap car, we look at lots of factors, including the current value of metal in the global scrap metal market. By adding your car’s registration and the area it’s into our online quote form, you’ll see instantly how much your car is worth right now.
The quote we give you for your scrap car is valid for seven days, so if the value does drop between you getting a quote and accepting, you don’t need to worry!