Convertible prices on the rise
From April to September, the demand for convertible cars rises dramatically according to motoring industry commentators.
This rise in demand from both new and used car buyers is attributed to the return of sunnier climates in the UK. In recent weeks, temperatures have risen considerably and there has been little rain in most parts of the country. Such positive weather has prompted many car buyers to consider splashing out on a cabriolet version of their chosen model.
The Telegraph reports that research from carsite shows that in the year from 2009 to 2010, prices of the Volvo C70 2.4i Coupe Cabriolet rose by £1,600 from April to September 2009, whilst in the period between September 2009 to April 2010, the car depreciated by the same value.
Meanwhile, prices of the ever popular Mazda MX-5 1.8i increased by £1,900 in the Spring/Summer period, yet decreased by £1,355 during Autumn/Winter time.
Nevertheless, the market with the least seasonal fluctuations was that of the luxury car sector with few owners exclaiming ''I need to sell my Porsche due to depreciation.'' Instead, these cars held their value throughout the year, staying steady no matter what the British weather had to throw at us.
Carsite spokesman Alistair Jeff, commented on the company's research and was cited in The Telegraph as saying: ''In the peak months for convertible buying, prices can rise steadily all the way into September, adding between £1,500 and £2,000 to the value of some models. Drivers looking for an 'al-fresco' motoring experience this summer should be shopping around now.''
Such news comes as a positive for cabriolet owners who wish to sell a car for cash, as during these peak months, they can expect more for their open top models, giving them greater freedom to purchase a higher spec replacement.
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