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Used convertible values could rise 20% in Summer 2010

With the arrival of spring typically marking the start of the convertible buying season, prices of popular ‘drop-top’ models could increase by as much as 20% in value over the next six months, according to used car retailer After an extended winter, the return of warmer weather will be persuading many UK car buyers to look to a convertible or coupe cabriolet for their next purchase, with the increased seasonal demand pushing up prices in the sector. Between 2009 and 2010, Carsite found the trade price of a Mazda MX5 1.8i increased from £10,450 in April 2009 to £12,350 in September 2009 – a rise of £1,900 or 18% – before falling £1,355 to £10,995 by April 2010. A similar trend was also seen on a Volvo C70 2.4i Coupe Cabriolet which appreciated £1,600 in value from April (£14,395) to September 2009 (£15,995) before decreasing £1600 to April 2010 (£14,395). Read More