After ending the year on third consecutive increase to prices, this year has started off with a slight dip to the value of scrap cars. January saw a drop of just 2% to the value of a scrap car compared to December. It’s not such bad news though as prices were up by a huge 74% compared to January 2020!
The value of your scrap car depends on the global demand for scrap metal, as well as the make, model, age, weight, condition, location of your car.
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. We’ve taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, the prices 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 most common vehicle scrapped in January was, for the sixth consecutive month, the Ford Focus. Despite average scrap car prices being slightly down overall, in January the value of Ford Focuses increased considerably to €192, compared to December’s €133.
Though the top spot is still being held by the Ford Focus, January has seen a change to the others that make the top five list of cars being scrapped.
Tip: you can move this table side to side on mobile devices if required.