Scrap metal prices directly affect what you will get for your junk car. When steel, aluminum, and other metal prices rise, junk car offers increase. When prices fall, offers decrease.
How scrap metal prices impact junk car value:
| Metal | Found In | Price Impact |
|---|---|---|
| Steel | Body, frame, suspension, engine block (some models) | Largest impact; makes up most of the car’s weight |
| Aluminum | Engine, transmission housing, wheels, radiator, hood (some models) | Moderate impact; lighter but higher price per pound |
| Copper | Wiring harness, radiator, alternator, starter | Smaller volume but high value per pound |
| Platinum, palladium, rhodium | Catalytic converter | Significant impact; precious metal prices fluctuate widely |
Scrap metal prices change based on:
- Global supply and demand
- Manufacturing activity
- Import and export policies
- Economic conditions
A $50 per ton change in steel prices can shift junk car offers by $25 to $75 depending on vehicle weight. To get the best price, check current scrap car values before selling and consider waiting if prices are low.