Posted on Saturday, 30 June 2018 by CarTakeBack

The unexpected sharp increase in prices last month has, unfortunately, not continued. Though scrap car prices are an impressive 89% higher than this time last year, prices are down 2% from May 2018.

With the slight drop in the prices being paid for scrap metal this month it's recommended that you don't wait to scrap your car. The reduction in prices could speed up, leaving you with less money than your car is worth if you sell it right now.

The CarTakeBack Scrap Car Price Index is updated monthly using the prices on offer for scrap cars at CarTakeBack recycling centres throughout Australia. It is intended to give an indication of the movement in the price from one month to another, with the prices being shown as a percentage. Cars come in all shapes and sizes which has an effect on their scrap value, so prices have been adjusted to show what the average car would be worth.

Check out our previous scrap car price updates >

See how much your car is worth as scrap metal today!

There's no need to worry about prices dropping in the next week if you get a quote for your scrap car now, as prices from CarTakeBack are fixed for 7 days. It's easy to see how much you'll be paid for your car as scrap, simply give us a call, or enter your details on the website for a no obligation, instant quote. With local branches and an offer of collection, selling your old car couldn't be simpler!