Scrap Price Update February 2019

Posted on Thursday, 31 January 2019 by CarTakeBack

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There has been a drop in the value of scrap cars in February 2019, with a 6% decrease in the price of scrap cars when compared to January. Scrap cars have had a trend of going up in value in the past year, however, with February 2019 having prices 14% higher than they were in February 2018.

The value of scrap cars depends on the global scrap metal market, which is currently looking quite strong. The market is constantly fluctuating in line with demand, so the prices could fall further. If you want to sell your scrap car, or get that shell off your front yard, now is a good time to do it.

Scrap Car Price Index February 2018 to February 2019

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 >

What's the value of my scrap car?

The value of a scrap car depends on its weight, the current value of scrap metal, and the demand for any reusable parts. Our instant quote takes all of these into account and gives you an up to date value for your car. Simply enter your car's make and model, and your location onto our website to see the value of your car on screen. Our quote is guaranteed for seven days, so if you need some time to decide on selling your old car, the price won't drop, even if scrap metal value does.

Get an online quote now! >