There’s good news to report in our Scrap Car Price Update this month. Prices paid for scrap cars in the Republic of Ireland have risen 3% when compared to January, which is very much welcome after the drop we experienced at the start of the year.
Comparing the value of scrap cars this month to the same time last year shows that prices are healthier than they were, being 8% higher than was being paid in February 2019.
Previous years have shown us that as we approach Spring, the value of scrap cars may rise, but that there is also a risk of another drop. So to get the most value out of your old car, now is a great time to sell it for scrap!
About the CarTakeBack 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 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.
The value of your car when being recycled depends on many things, including the current demand for scrap metal on the global market. As demand rises and falls, so do the prices paid for the metal in your car. There are other factors involved, such as any reusable spare parts and the value of other materials in your vehicle, and all of these contribute to the final value of your old car.
CarTakeBack offers up to date prices for scrap cars, so you can be sure that when you get a quote with us, you’re getting the best price available at the time. The quote we give you is guaranteed for seven days, so if the value of your car does drop before you accept our offer, you’ll still be getting the best money for your motor!