Scrap Car Price Update May 2018

Posted on Thursday, 31 May 2018 by CarTakeBack

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Despite our concerns last month that scrap car prices were levelling off for the winter, there has been a big jump! The price of scrap metal has gone up by an impressive 19% since April, and a giant 120% since this time last year.

With the price of scrap cars so high right now, we recommend you sell your car for scrap before the value drops again. The market value of scrap metal fluctuates quickly, in line with demand, so there is risk of you losing value on your old car if you wait.

Scrap Car Price Index May 2017 to May 2018

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.

It's really easy to see the value of your car with CarTakeBack. Simply give us a call or enter your details into our online form and we'll show you the best prices for your scrap car instantly, without obligation. The prices we quote are fixed for 7 days, so even if the scrap metal market takes a downturn, you'll still get the highest price for your car.