A new report from Glass's has shown that the value of convertible cars is set to rise. Now this is a novel statement as we are most used to cars dropping up to 15% as soon as they leave the forecourt. So how can this possibly happen. Well Glass's the UK car valuation expert has stated that as temperatures are set to rise the demand for soft top vehicles will rise to.
Clearly Glass's expect that people will want to enjoy any sun that hits the UK by dropping the roof from their cars. So if you are looking to buy or sell a convertible you may possibly see a difference in the amount you pay or charge. The report predicts that a double digit growth can be expected on price tags.
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The detailed report states that in January 2010 the average price paid for a convertible at auction was just 6,900. This price has already hit 8,000 by April which is a huge increase. Premium convertible prices have seen an even bigger rise, the average premium price has risen a huge 23 percent to 15,525.
So if you are an astute buyer you will need to start thinking about hitting the forecourts before the rise starts to happen. Even more savvy people might think about making a small investment which might provide a quick and substantial return. Obviously this rise in price is an average so you cant expect all convertibles to hit a huge rise so research will be needed to make sure you pick the right one.
We think that despite the economics of price owning a convertible car would be great fun. Even if you cant enjoy it 12 months of the year (due to the typical British weather). The addition of a removable roof can only add to that summer enjoyment of driving around.
So if you are thinking of making a purchase start your research now before you get hit with a big rise. On the flip side if you are a seller this could be a great time to maximize your income from any sale. Potentially holding on advertising your car for a short period may increase the amount you receive, however it could miss the rush. So for sellers keeping your ear to the ground to release your car for sale at the right time is key.
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