Scrap Car Price Update January 2024

Posted on 5th Feb 2024 by Rebecca Currier Posted in: Latest News

January Average Scrap Car Price $560

During the last quarter of 2023, prices being paid for scrap cars decreased. In January we saw a slight increase compared to December. Prices rose by 1% to $560. We didn’t anticipate a considerable increase to start to the year, as the cost of living crisis continues. The average scrap car price is up by 8% compared to January 2023.

Your car could be worth above the average. In January the average value of a Holden Commodore (which was the most frequently scrapped car in 2023) increased in value by 2% up to $575!

There are many factors that influence the scrap value of a car, such as the demand for scrap metal and reusable car parts, as well as the make, model, age, weight, condition, and even the location of your car. It’s always worth getting a free quote with CarTakeBack to see if your car is worth more than the average.

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 2024

The top model scrapped – The Holden Astra was the most frequently scrapped car with CarTakeBack, closely followed by the Holden Commodore. The average age of Astras scrapped was 18.9 years. The average scrap value of a Holden Astra was $520.

Top 5 makes of car scrapped – Holden, Toyota and Ford retain the top three spots as in the previous four months.

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


Check out previous scrap car price updates >

How much cash could you get for your car?

Find out by entering your car details and your postcode into our online form. You’ll instantly see the scrap value of your car! Our quotes are valid for seven days, meaning you won’t lose out if scrap metal prices fall during that time. If you choose to answer a few simple questions about the condition of your car, you could get more for it!

Get an instant scrap car quote now >

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