He's worse than that. I bought my Challenger for pretty close to that, and that WAS 2008.
Not sure what its worth back east, but that's a $1k car here.
I mean, this car was at PickNPull here. Rusty roof from a vinyl top, but that was it. It's a skeleton now, pretty much every single part that unbolts has been removed (I even got a few :D). Whoever scrapped it might have gotten $500 from the yard.