Graph showing scrap car prices by vehicle year in 2023

How Junk Car Values Are Impacted by Depreciation

A car's journey from a shiny new model to a scrap vehicle is marked by depreciation, a critical factor in determining its worth at the end of its life. Our detailed table showcases the average scrap prices based on the vehicle year, highlighting a key trend: their value tends to diminish as cars age.

Why does this happen? The answer lies in the evolving utility and salvageability of car parts. Older vehicles, such as those from 1998 valued at around $344.48, often have features that are less in demand or compatible with current models. This decreases their market value. In contrast, cars from more recent years, like 2013 models valued at approximately $1,050.97, still possess relevant and valuable parts in today's automotive landscape, thereby retaining more value.

This pattern of depreciation is essential for car owners to understand. It's not just about the age of your car but also about how the market perceives the usefulness of its components. The following table gives a clear perspective on how the scrap value of cars changes over time, reflecting the declining utility of older vehicles.

Whether you're holding onto a car from the late 90s or a relatively newer model, this information is crucial for assessing the potential return from your scrap car. It also sheds light on broader market trends, offering insights into how car values depreciate.

Average Scrap Car Prices by Vehicle Year: A Depreciation Overview

Vehicle Year Price
1998 $344.48
1999 $366.19
2000 $373.58
2001 $397.85
2002 $405.57
2003 $420.32
2004 $438.45
2005 $458.57
2006 $457.45
2007 $513.20
2008 $543.25
2009 $564.98
2010 $663.69
2011 $783.24
2012 $866.52
2013 $1,050.97

These prices are for information purposes only. These prices take into account how much junk cars are selling for based on their age. Learn more about junk car prices.

If you are planning on scrapping your car you can learn more about scrap car prices per ton and the value of the scrap metal in your car.

Your best offer awaits