Convertible cars soar in value as summer approaches

According to data from Glass's - the UK's car valuation experts - the price of 'convertibles' are beginning to soar as the weather gets warmer.

Last year, 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. Experts a predicting a similar rise in 2011.

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."

Glass's also says that, on average, convertibles retain more of their original value than other market segments. After a period of three years, an average convertible can retain 42 percent of their value. Meanwhile, an MPV will keep only a third of its purchasing price when you want to sell it on.
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