300% Increase In The Value Old Scrap Car Prices Around Australia: Now Is The Best Time To Sell

Throughout 2020 and 2021, the supply of steel scrap in Australia was scarce due to regional Covid-19 lockdowns and a general drop in economic production, according to market experts. In 2022, Australia’s shortage of steel scrap still stands, which has consequently lowered the volume of material available for export from the country. As the demand for scrap steel has increased, so has the price of scrap cars. 

The COVID-19 pandemic has not only impacted scrap steel supply in select areas of Australia, but rather, everywhere! For example, the repercussions can be observed in both South Australia, where severe lockdowns were in place, or the Western Coast where outbreaks had been less frequent. Since the ports have reopened and the demand for scrap metal has skyrocketed, Australian scrap yards are offering great quotes for scrap cars. No matter where you live, scrap yards and metal recycling companies are willing to pay you handsomely, and the offers aren’t coming down anytime soon. 

Many new direct trade channels are opening up, allowing scrap metals to be shipped faster and for less money. Previously, shipping from Australia to China took up to 30 days, but these new trade routes are expected to reduce that time to just 13 days. While this increase in scrap car prices may put buyers in a difficult position, it is fantastic news for sellers. It's now or never to sell scrap metal or old cars for parts. Taking advantage of programs like A1 Express Car Removal’s Cash for Scrap Cars is a simple way to profit from the industry's growth.

40% Increase On Scrap Value In Australia From Covid

The car recycling sector, like many others, has encountered difficulty during the last year. Ports were forced to close due to the coronavirus pandemic, limiting international shipments. The pandemic also brought the manufacturing of products composed of scrap steel, such as semiconductors, to a halt. As a result, companies all across the world are scrambling to make up for lost time and keep up with rising scrap metal demand.

The current scarcity of scrap metals has boosted worldwide demand significantly. With the help of increasing vaccination rollouts, economic stimulus initiatives and global trade, the scrap metal industry is currently witnessing a substantial recovery. However, as coronavirus restrictions ease and residents spend their stimulus checks, products ranging from electronics to appliances will continue to be in high demand. 

Now Is The Best Time To Scrap Your Car: Scrap Car Prices Skyrockets In Australia

A car will always have some economic worth, regardless of its condition. The value of scrap metals and other materials in your car may surprise you. However, this varies depending on factors such as the car's year, model, body type. It's possible that the scrap vehicle is worth more than the car's residual value!

With the pandemic restrictions being lifted all over the world, the demand for scrap metals like copper, iron, steel and aluminum is on the rise. The Asian giants, India and China, have started importing scrap metal through their ports - especially from Oceania. So, if you were looking for a good time to get rid of your old clunker, this is it. 

Sell Your Old Car To A1 Express Car Removal And Earn Up To $9999 Today 

Your car depreciates over time, and the longer you keep it, the less it's worth. Why? A car with more salvageable pieces will fetch more money. As time passes, car parts deteriorate and decrease in value. If a vehicle is no longer roadworthy and the repair fees are prohibitively expensive, it has reached the end of its useful life and should be scrapped. This is why it is advisable to capitalise on the increased scrap car prices as soon as feasible.

What is the mechanism behind this? How can you be sure that your vehicle will be recycled in an environmentally friendly manner? A1 Express Car Removal is a recognised and insured company that ensures that automobile scrapping is done in an environmentally safe manner with no dangerous materials left behind. All liquids and other dangerous materials, such as the battery, are removed from the scrap car. Parts that can be reused are dismantled and recycled. 

A1 Express Car Removals pride themselves on competitive pricing, and the incentive to scrap an unwanted vehicle is greater than ever, given the increased demand for scrap metals. To assist those scrapping their old car rather than spending on expensive repairs, A1 Express Car Removal provides a hassle-free scrap car removal service.  Through our extensive network of scrap metal suppliers, manufacturers and recyclers, they endeavour to ensure every customer gets the best value possible.