The average value of a scrap car reaches a high in October, as prices rise by 1%. This increase sees scrap car prices almost reach $600! It’s a great time to get cash in the bank for your old car – plus your car could be worth well above the average!
As well as scrap car values increasing compared to the September, they’re also considerably higher than they were in October 2022 – up by $44!
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 October, the Holden Commodore returns as the most frequently scrapped car at CarTakeBack wreckers. The average age was 19 years. The average scrap value of a Holden Commodore in October was $588.
Top 5 makes of car scrapped – Holden, Toyota and Ford retain the top three spots as in the previous month.
Tip: you can move this table side to side on mobile devices if required.
| September | October |
|---|---|
| Holden | Holden |
| Toyota | Toyota |
| Ford | Ford |
| Hyundai | Mazda |
| Mitsubishi | Nissan |
Check out previous scrap car price updates >
To see how much your scrap 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.
