Scrap Car Price Update May 2020

Posted on 29th May 2020 by Rebecca Currier Posted in: Latest News

As the Coronavirus pandemic continues to impact our lives and businesses, this month we saw some stability to scrap car prices. Scrap car prices took a dramatic fall in April and May has seen those prices maintain, which is better than seeing further reductions to prices. May’s prices were unchanged compared to the prices last month, and May’s prices were 2% higher than those seen this time last year.

The CarTakeBack Customer Services Team continue to safely make arrangements for you to sell your scrap car. Scrap car collections are still happening, our collectors are following the guidance on social distancing and hygiene. Collections will only be carried out when it is safe to do so, for both our staff and for you.

It’s still a good time to scrap your car. Especially as your scrap car price will be guaranteed for 7 days, meaning any further drops to prices during that time won’t affect you! Find out how much your scrap car is worth now >

Chart showing the change in scrap car prices over the last 13 months to May 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 much is my scrap car worth?

CarTakeBack will show you the best prices available for your old car via our online quote system. Simply enter your car’s registration, or the 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. There’s no obligation and it’s free to get a quote.

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