Scrap Car Prices Related to the Time of the Month?

[GMX]

One of my colleagues, or rather his son, is wanting to scrap his old Vectra.  It's apparently too old and damaged to be of any use to anyone, a Gumtree advert yielded no interest. The dealer he's buying a Fiesta off, wouldn't entertain a part-ex on it. He was going to take down to the local ATF and accept what ever they offered.

However,  one of our engineers maintains you can get a much higher price at the beginning of a calender month, and a much lower price at the end of a calender month, as far as scrap car values go by.  He said it's to do with the way ATFs run their stock books, on a calender month basis.  At the beginning of the month, they have low stock: and consequently pay better prices.

I've never heard of that, and nor has anyone else; except this engineer. Google doesn't throw up anything to confirm it, but equally doesn't say it's a myth.  Not that I've scrapped many cars (3 in total!), but I thought the scrap price was dictated by global scrap steel prices: when it was up: they paid more, when it was down: they paid less.

Anyone else heard of this?

[laumk7]

Never heard of it before tbh.

Has he tried we buy any car .com? Even it's it's only 100 quid it might be better than the scrappers price.

[GMX]

1 hour ago, laumk7 said:

Has he tried we buy any car .com? Even it's it's only 100 quid it might be better than the scrappers price.

That's a good idea, I'll pass it on to him

I think he said the local ATF has offered him £56 if he delivers it to them

[Ian Lanc]

Has the old Vectra got a cat' fitted ? I bet you'd get £70 just for that.

[GMX]

That's a good point

[Ian Lanc]

1 minute ago, GMX said:

That's a good point

Airbags also can be valuable to restorers!

Son works in a re-cycling centre, people bring cars in and they are weighed and given a price, the customer smiles and all is well.

First thing my Son does is whip out all the seats and checked for loose change..lol Only the other day there was £18 in £1 coins under a back seat!! and he's also found the odd gold necklace & gold ring too....Get the Vectra checked as you don't know what is lost in there