Scrap Car Price Report May 2022

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What a month it’s been for average scrap car prices at Scrap My Car Company. 

In May prices rose by 5% to reach all time highs. The prices are going up every month without signs of slowing and this is due to the rise in demand for steel.

 

May Average Scrap Car Price

The average scrap car price in May 2022 was £300. This was a 5% increase compared to average scrap prices in April 2022. 

Comparing these figures to May 2021, scrap car prices have risen roughly 40% year on year. That’s a huge reason to scrap your car right now and cash in at the highest prices.

It’s uncertain whether these prices will remain into June, but based on the charts it looks very possible.

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What is the Scrap Car Price Report

The Scrap Car Price Report gives you a great snapshot on what the average scrap price is for the previous month.

We add all the scrap prices we’ve paid over the previous month and divide it by the number of vehicles we’ve scrapped. This gives us the average scrap car price.

Of course, all cars come in completely different shapes and sizes, so it does not mean your car will be worth the same as the average price. There are also lots of other factors involved in what the price will be, mentioned above.

What determines the price of a scrap car?

The price of a scrap car is determined by many factors. Here are the most common:

  • Weight
  • Alloy wheels
  • Parts
  • Make and model
  • Year
  • Number of body panels
  • Whether it drives
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Top 5 Cars Scrapped in May

In May the most common car we scrapped was a Ford Fiesta, followed by Vauxhall Corsa and in third place was the Ford Kia. In 4th place was the Vauxhall Astra and fifth place was the Vauxhall Insignia.

The Ford Fiesta got an average price of £305.

It’s a fantastic time to scrap your car as all average prices are up, compared to the previous month.

Make & ModelApril Average Scrap ValueMay Average Scrap ValuePercentage Change
Ford Fiesta£290£3055%
Vauxhall Corsa£280£2955%
Ford Kia£245£2606%
Vauxhall Astra£310£3203%
Vauxhall Insignia£310£3203%

 

Best scrap car prices UK May 2022

At Scrap My Car Company we make it super easy to get the best price for your scrap car.

All you need to do is enter your vehicle registration number, postcode and email address into our quote form and you’ll get your quote in a jiffy!

Don’t waste time and let us collect your car the very same day free of charge.

We’ll likely be able to pay you the same day too. If you’d prefer to talk to someone straight away, give us a call on 07951 509 540.

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