For the second consecutive month average scrap car prices have increased, though in May it’s by less than 1% – that’s just $2 more than prices in April.
As well as scrap car values being up month on month, they’re also higher than May 2022 by $9. It’s a great time to take advantage of the prices on offer for scrap cars, and your car could be worth more than the average scrap value!
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.
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.
The top model scrapped – In May, for the second month in a row, the Holden Astra was the most frequently scrapped car at CarTakeBack wreckers. The average age was 18. The scrap value was $686 – that’s over a $200 increase compared to April! It’s a great time to scrap your Holden Astra while prices are on the up!
Top 5 makes of car scrapped – Holden retains the top spot, and Honda holds in 5th, but the others are all change in May.
Tip: you can move this table side to side on mobile devices if required.
| April | May |
|---|---|
| Holden | Holden |
| Ford | Toyota |
| Toyota | Ford |
| Mitsubishi | Hyundai |
| Honda | Honda |
Check out previous scrap car price updates >
To see how much your car is worth, simply enter your vehicle details and your postcode into our online form and 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.
