Scrap Car Price Update January 2023

Posted on 2nd Feb 2023 by Rebecca Currier Posted in: Latest News

We begin the year with the average value of a scrap car remaining above $500 – great news if you’re looking to scrap your old car! The price for a scrap car in January decreased compared to December, by 5%.

January Average Scrap Car Price $518

Scrap car prices in January 2023 were just 1% lower than those in January 2022.

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

Take a look at the last 13 months in the chart below.

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 January 2023

The top model scrapped – The Toyota Camry was the most frequently scrapped car at CarTakeBack recycling centres in January. The average age was 21 and the scrap value was well above the general average at $714 – Great news if you have an old Camry to scrap!

Top 5 makes of car scrapped – After getting to second place in December, January sees Mazda disappear from the top 5 scrapped makes of car. Mitsubishi moves up the rankings to third place.

Tip: you can move this table side to side on mobile devices if required.


Check out previous scrap car price updates >

Instant scrap car valuation

To get the best scrap price for your car, just enter your vehicle details and your postcode into our online form and you’ll instantly see how much your car is worth. Our no obligation quotes are valid for seven days, meaning you won’t lose out if scrap metal prices fall during that time.

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