October sees the average value of a scrap car fully recovered from the slump in August. The increase in October of 11% gives average prices a huge boost of $64 – bringing prices back to the levels seen in July. Values are also up year on year by 3%.
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.
Get a free instant quote with CarTakeBack to see if your car is worth more than the average scrap price.
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 Subaru Legacy was the most scrapped car with CarTakeBack in October. The average age of Legacy scrapped was 18 years, at a scrap value of $480.
Top 5 makes of car scrapped – Nissan steals the top spot in October, with Mazda in second, followed by Toyota, Mitsubishi and Subaru.
Tip: you can move this table side to side on mobile devices if required.
| September | October |
|---|---|
| Toyota | Nissan |
| Nissan | Mazda |
| Mazda | Toyota |
| Ford | Mitsubishi |
| Honda | Subaru |
To get the best scrap price 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! All our quotes are valid for seven days, meaning you won’t lose out if scrap values drop.
