This December, as winter has set in and people have celebrated the festive season, the price of scrap cars has only dipped slightly. A minor reduction of 1% since November still sees the value of scrap cars a healthy 18% higher than they were in December 2018!
Trends of previous years suggest that scrap car values may drop as we move out of December and into the first months of the new year, so if you have an old car on your drive that you need to sell, now is a great time to do it!
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.
The money you will be paid for your scrap car depends on many factors, including the global demand for scrap metal. As demand for scrap metal fluctuates, so does the value of your car, because of the metal that it is made from. This is taken into account, along with the other materials and reusable parts in your car, to get you an up to date price on our instant quote system.
You simply enter your registration and the car’s location to find out how much your car is worth, right now. The great news is, that any quote you get with CarTakeBack is guaranteed for 7 days. So if you do see a dip in the new year, you’re still getting the best price for your car!