How scrap pricing actually works
Roughly 65% of a junk car's floor value comes from ferrous scrap (HMS #1/#2 and shredded steel). Prices are quoted in $/gross ton on the LME and trickle down to your local yard within 1–2 weeks. When steel futures spike, junk car offers follow — but yards lag, so timing matters.
Catalytic converters: the hidden goldmine
A factory catalytic converter contains 3–7g of platinum, palladium, and rhodium. Domestic cats run $50–$350; foreign and diesel cats ($500–$1,200) for hybrids like the Prius and trucks like the F-250. Always confirm the cat is still attached before quoting — it can double your offer.
Parting out vs. scrapping
Parting out a running vehicle yields 2–4x scrap value but takes weeks and a place to store inventory. Scrapping pays less but is same-day cash with free pickup. Use the calculator to see the spread before deciding.
Which parts are most valuable
Late-model engines and transmissions, GPS/infotainment head units, airbags, alloy wheels, and intact body panels for popular models (Civic, F-150, Camry) all command premium prices on the used-parts market. Aluminum hoods and trunks ride scrap aluminum pricing ($0.55–$0.75/lb).