The Best Time to Sell Junk Cars
Selling your junk car should be a calculated effort, especially if you want to make the most money. Junk cars are like every other commodity whose price is affected by demand and supply. For junk cars, the prices increase with scrap metal scarcity, or the demand for scrap metal increases. On the other hand, the price offer plummets when the scrap metal supply exceeds the demand.
Knowing how to gauge the market for when the prices are favorable will help you to sell your junk car at the best prices. Our team at cashforcars.io offers insights on the best time of the year to sell your junk car for cash.
Spring or Tax Time
Scrap cars sell for higher prices in the spring because people often receive their tax returns during this window. Generally, you can expect to sell your scrap car at higher prices between March and June. However, you should target between April and May for the most money.
Selling your car during the spring and tax time allows you to leverage the increased monetary flow. In addition, people are more likely to spend more on auto parts due to increased disposable income from their tax returns. With increasing auto parts demands, junkyards will demand more junk cars and pay a premium to buy them.
Looking to sell your junk car for the most money? Target the spring season between March and June.
There’s usually a significant uptick in scrap metal demands in the summer, usually between June and September. If you’ve missed the spring season window to sell your junk car, summer is another time for you.
More people tend to go out and engage in hobbies during the summer months. The summer months are also the prime time for construction and development projects. Junkyards also experience one of the busiest times of the year with mounting orders for used auto parts. The increased demand for used auto parts during the summer drives junk car prices up.
You can quickly sell your junk car for $500 or more during the peak summer period.
Worst Time to Sell Your Junk Car
While the spring and summer months are the best times to sell your junk car, other seasons are the worst times to do the same. Interested in knowing the worst time to sell your junk car? Find out below.
The fall season is typically between September and December. This period is, perhaps, the worst time of the year to sell your junk car for cash. The fall season typically sees an inflated market, and junkyards often have more junk cars from the summer season than they can sell.
With supply overtaking demand in the fall season, more junkyards will be unwilling to buy your junk car. It may be best to wait until the spring or summer of next year to sell at a high price. However, if you really wish to sell, contact multiple junkyards, and you may find a decent price offer for your junk car.
The Winter season typically runs between December and March. There are usually fewer activities during the winter season, especially because the roads are cold and icy. More people tend to be dormant during this period, thus affecting scrap metal demands.
Selling your junk car during the winter may not command as much money as it would in the spring or summer. You may even find it hard connecting to a junk car buyer willing to risk coming out to you to buy your junk car.
It may be best to save yourself the hassle by waiting until the next spring season before selling your junk car.
Junkyards near me buying junk cars in any condition
While we advise selling your junk car during the spring and summer months, trust that cashforcars.io will always offer top cash for cars throughout the year. Looking to sell your old or junk car at the best prices? We buy cars in any condition and will pay instant cash plus free towing. Get in touch with us via phone or use our online junk car price calculator.