After a rise of 8% in July, August sees the average value of a scrap car drop by 14% – the lowest levels seen this year. However it’s not all bad news, the price is up year on year by a considerable 28%. That’s an extra $128 for your car compared to this time last year!
These fluctuations in price are common in the scrap market as many factors are at play when it comes to the value of a car. The demand for metal and reusable car parts, as well as the make, model, age, weight, condition, and even the location of your car, all influence the value of it. 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 New Zealand. 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 – The Honda CRV was the most scrapped car with CarTakeBack in August. The average age of CRV scrapped was 24 years, at a scrap value of $421.
Top 5 makes of car scrapped – Nissan holds the top spot, with Mazda in second, followed by Honda, Toyota and Ford.
Tip: you can move this table side to side on mobile devices if required.
| July | August |
|---|---|
| Nissan | Nissan |
| Toyota | Mazda |
| Mazda | Honda |
| Ford | Toyota |
| Honda | Ford |
To find out the scrap value of your car, enter your rego and postcode into our online form. By choosing to answer a few simple questions about the condition of your car, and upload photos, you could get even more cash in the bank for it! All our quotes are valid for seven days, meaning you won’t lose out if scrap values fall.
