The average price paid for scrap cars this October is an impressive 36% higher than what was being paid in October last year. However, with it being Halloween, we aren’t completely surprised that there’s some gloomy news! The value of scrap cars has continued to fall, reducing another 2% from September prices. We aren’t too surprised, as the value of scrap metal across the globe has taken a hit, which affects the value of some of the materials used in the cars.
That’s not too scary, but it does mean that with a risk that the prices might drop further as the global scrap metal market remains unstable, now is the time to take advantage of the rise we have had in 2019, and sell your scrap car!
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.
We can show you how much your car is worth instantly, with our no obligation online quote. Our instant quote system takes into account the make and model of your vehicle and shows you the price we will pay on screen, in a matter of seconds.
You simply need to enter your car’s registration and your address to get a quote from CarTakeBack that’s saved for 7 days. So, if you need time to think and the price does drop before you accept, you’ll still be getting the best value out of your motor!