Scrapping or selling old or damaged cars is becoming more and more popular, and with this scrap car prices are increasing. In fact, the average scrap car price in 2020 rose by 19% and hit £160. The events of 2020, especially the lockdowns and restrictions caused the scrap car prices to drastically decrease in spring, though this didn’t stop people from wanting to sell or scrap their old, end of life vehicle.
Once restrictions were lifted, scrap car prices began to increase and remained increasing for the rest of the year. Scrapping your car is a fantastic way to make extra cash especially if your vehicle is no longer road worthy and is sitting there collecting dust.
Lockdown restrictions pushed the nation into thinking of new ways to make money to get through the tough period, and clearly scrapping or selling an unwanted car was high on the list. In 2019 and 2020, the highest scrap car price was in December, being at £194 in 2020 and £143 in 2019.
Types of cars scrapped in 2020
Interestingly enough the number one scrapped car in 2020 was the Ford Focus, which isn’t a surprise. The scrap value of the Focus actually increased by 12% from August to September. The Ford Focus, the Vauxhall Corsa and the Ford Fiesta are among the most popular cars in the UK and were the top three scrapped cars in the UK in 2020. They are affordable, reliable and the parts for the cars are very cheap.
It’s also interesting to see how the popularity of paint work has grown in the last 10 years. The most popular coloured car in 2020 was blue, and silver cars were among the most scrapped cars.
What effects the scrap car price?
The scrap car value is influenced by the age, size and weight of the car. The bigger the car the more metal accessible for scrap, which will increase the price. Cars made with other materials to replace steel, will have a decreased value. This is more likely to happen with newer cars rather than older cars.
Missing parts may lower the price of your scrap car, so think carefully before removing any parts from your car that may potentially have value.
The age of the car and milage of the car doesn’t typically affect the scrap car value, in fact the average age of vehicles scrapped in 2020 was 15 years old due to car owners potentially wanting to upgrade from their old vehicle.
2021 scrap car price review so far
Another year, another lockdown! However, restrictions are not affecting the scrap car price this year. In the month of January scrap car prices have continued to rise. The average scrap car value became £202, higher than it was in 2019.
Its apparent that many people are continuing to use their old or end of life cars to make a little extra cash during lockdown. The Ford Focus continues to be the most scrapped car so far in 2021 with the scrap car value increasing by over 14%.
Scrap my car company
Here at Scrap My Car Company we pride ourselves on delivering the best prices for your scrap car. Operating in Hertfordshire and surrounding areas, we offer a fast and simple process for you to receive a free quote for your unwanted or end of life vehicle. Just fill in your details and we will handle the rest. We provide same day collection just to top it off!