Scrap Car Price Update October 2020

Posted on Monday, 2 November 2020 by CarTakeBack

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Scrap car prices on offer at CarTakeBack recycling centres have increased slightly for the fifth month in a row. Monthly increases have been seen since the impact of the Coronavirus pandemic back in April and May.

The October scrap car prices increased by almost 1% compared to September, making October's prices the highest we've seen this year! Prices are also up by 25%, compared to October last year. It's an ideal time to sell your car for scrap and get some cash in your bank! Prices look set to maintain into next month, but with uncertain times still facing us all due to the pandemic, prices could fall as we head into summer.

October Average Scrap Car Price $360

The value of your scrap car is dependent on various factors, including the global demand for scrap metal, as well as the make, model, age, weight, condition and location of your car.

Scrap Car Prices October 2020

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 Australia. We've taken into account that cars come in all shapes and sizes, which has an effect on their scrap value, the prices 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.

Top cars scrapped in October 2020

During October the most common car scrapped was the Holden Astra, the average age of the Astras sold for scrap was 16 years and the average scrap value of a Holden Astra was $430.

Check out our previous scrap car price updates >

Value Your Scrap Car Now!

To find out how much your scrap car is worth, all you need to do is enter your car details and postcode into our online form and you'll instantly see the scrap price for your car. The price is shown to you straight away, so no need to wait for a call back or email. All quotes are valid for seven days, giving you security if the value of scrap metal reduces during that time, you'll still get the initial scrap price for your car!

Find out more about scrapping your car >