Convertible values set to rise as summer approaches
Good news if you are selling an open top car as values are about to rise
Good news if you are selling an open top car as values are about to rise. According to data from Glass's, the UK's vehicle valuations experts, buyers will once again be tempted by open-top motoring soon and as the weather warms up trade values will experience double-digit increases.
In January 2010, the average auction price for a general market convertible was £6,900, but by April 2010, the average price had increased to £8,000, representing a 16 percent rise for the quarter.
Adrian Rushmore, managing editor at Glass’s said “from March 2011 we would expect to see the higher trade prices being reflected in higher forecourt prices as dealers attempt to protect, or increase, their trading margins."
A free valuation is available with motoring.co.uk, enter your registration details and see what your convertible is now worth as summer approaches.