Throughout March we have had an increase in the average price paid for scrap cars in Ireland, which has been more great news, following the increase in scrap car value we had in February. The prices paid in March were a great 5% higher than they were last month, and 21% higher than the value of scrap cars in February 2019.
Though scrap car prices are doing well now, with the global downturn in business due to Coronavirus (COVID-19), there might be a drop in demand for scrap metal, which in turn may affect the value of scrap cars. So if you have an old car that you need to get off your drive, now is a great time to do it, whilst prices are doing well.
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.
CarTakeBack will show you the best prices available for your old car via our online quote system. Simply enter your car’s registration and address onto our online scrap car quote form, to see the price you will be paid, instantly!
The price we quote is valid for 7 days, so if the value of scrap cars does drop whilst you are making the decision to accept our offer, there is no need to worry.