Junk Cars Are Worth $196.37 on Average Based on New Report From CarScrappers.com
BUFFALO, N.Y., March 8, 2021 -- The average junk car is worth $196.37 according to new research from CarScrappers.com.
The research, which started with 30,000 vehicles and then broke it down to the 10 most common junk cars, also found that seven out of the 10 most commonly junked cars were Hondas, and the only car to make it over 20 years of age to crack the list was a Honda Accord.
Here are some interesting findings from the report
- Model years for the 10 most common junk cars range from 1998 to 2006
- The oldest of the 10 most common junk cars is a Honda Accord
- The only cars to make it to 20 years of age are Honda Accords
- The youngest of the 10 most common junk cars is a Chevrolet Impala
- The average price for junk cars ranges from $129.20 and $371.64
- The highest average price paid was $371.64
- All of the most junked cars are midsize or compact sedans.
- The average life span of the 10 most common junk cars is 18 years
Todd Bialaszewski, the marketing manager at CarScrappers.com said of the report, "Two of the most common questions our team gets asked are how much junk cars are worth and if they can get more than $500. So, this opens some eyes to those questions." Bialazewski continued, "True junk cars don't carry much value beyond their weight in metal. They are at the end of their life, and so are their parts, and this shows that."
The report provides in-depth insights into which cars are scrapped in the largest numbers, the average prices that they brought for their owners, and the prices paid for each of these cars in the various major cities that most were sourced from.
CarScrappers.com is a leading buyer of junk cars with a nationwide footprint. CarScrappers.com has paid out over $2 million to consumers for their junk cars with a mission to make scrapping a car simple, fast, and painless.