After the bumper rise in April, the prices paid for scrap cars in May has continued to increase, with the value of scrap cars being 3% higher than they were last month. This has slowed slightly from April’s impressive rise of 12%, but to see the value of scrap still rising is great news if you want to scrap your car!
With scrap metal prices being strong, now is an ideal time to get that old car off your drive, before any possible decrease in demand from the scrap metal market.
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 the 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 branches keep an eye on global scrap metal values, pricing scrap cars based on the weight, make, model and other factors, updating prices as the global demand changes. Our quote service gives you the best scrap price available for your car, instantly.
You can find out how much your scrap car is worth by entering the registration and location of your car onto our instant quote form. Your quote will show on screen, and will be saved for seven days. There’s no obligation, see what your car is worth now!