Scrap Car Price Update March 2020

Posted on 31st Mar 2020 by Rebecca Currier Posted in: Latest News

It’s a mixed bag in this month’s Scrap Car Price Update. Though the average price paid for scrap cars in Australia in March this year is a massive 31% higher than what was being paid in March 2019, there has been a drop of 7% in the value of scrap cars since February. This isn’t unexpected, as the global Coronavirus (COVID-19) pandemic has put many industries on pause, which means that the demand for scrap metal, where a lot of the value of your car lies, has decreased.

Though the average price paid for a scrap car is lower than February, it’s still an impressive amount more than what was being paid for scrap cars last year. So if you want to get that old car off your driveway, now is the time to do it. Especially as we guarantee the quote for 7 days, meaning any further drop in that time won’t affect you!

Chart showing the change in scrap car prices over the last 13 months to March 2020

About the CarTakeBack Scrap Car Price Index

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 previous scrap car price updates >

How can I find out how much will I be paid for my scrap car?

CarTakeBack will show you the best prices available for your old car via our online quote system. Simply enter your car’s registration or make and model, and your address onto our online scrap car quote form, to see the price you will be paid, instantly!

As we mentioned, the price we quote is valid for 7 days, so if the value of scrap cars does drop whilst you are making the decision to accept our offer, there is no need to worry. You’ll still be getting the best value out of your car.

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