Convertible values set to rise as the temperature soars
Buying or selling a convertible? According to Glass's, the UK vehicle valuation experts, you should expect its value to rise as the weather improves. Trade values are also expected to show double digit increases.
Glass's reports that in January 2010 the average auction price for a convertible was just £6,900, but this had increased by a healthy 16 percent to £8,000 by April 2010.
For sellers of premium convertibles, the news is even better with the average auction price rising 23 percent over just three months to £15,525.
The report went on to say that clever buyers were already checking out dealer's forecourts for bargain convertibles. Obviously, this is so they can benefit from the lower prices before the better spring weather comes. Glass's expects convertible prices to rise from this month, so if you're in the market for a drop-top, it would seem you'd better make that purchase quickly.