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Year Old Convertibles at Peak of Used Value

Thu, 31 May 2007
It's supposed to be Spring, so right now is the time when owners can get the most for their 12 month old convertibles, according to Glass's Guide.

However some retain more of their list price than others.

An 06 reg Ferrari F430 Spider typically retains 97% of its list price, with the VW Eos 2.0TDI Sport not far behind at 94%.

Among the surprises, the Vauxhall Astra Twin Top and Mitsubishi Colt Cabriolet boast residual values stronger than those of a BMW Z4.

EurotaxGlass’s says the convertible market continues to be affected
by seasonal peaks and troughs. Values fall at a more pronounced rate
than the rest of the used car market in autumn and winter, then rise in
spring when conventional cars continue to fall in value. What has been
noticeable this spring is that the recovery in prices has not been as
marked, largely due to additional supply created from rising new car
sales in previous years. “It is also clear that coupe-convertible
cars with a folding metal roof are affected less by these seasonal
patterns than fabric-roof models,” adds Jeff Paterson, Senior Car Editor at EurotaxGlass’s

Richard Crosthwaite, Prestige Car Editor at EurotaxGlass’s, adds,
“This is a fashion-led market, where the values of prestige-brand
models in particular are influenced by changing tastes and the arrival
of new models. Ownership periods are typically shorter than for
conventional road cars, with buyers more likely to swap into what they
perceive to be the ‘next big thing’. This can make the residual
value of a recently-launched prestige convertible amongst the strongest
of any used car when supplies are limited. However, even when they are
past their first flush of youth, these cars often still boast values
that outperform much of the rest of the market - even outside the peak
spring/summer season for convertible sales.”

Top 20 used convertibles - ranked by retained trade value after 12
months (2006 ’06-plate)

Ranking Model (Retained value)

1 Ferrari F430 Spider (97%)
2 Volkswagen Eos 2.0 TDI Sport (94%)
3= Porsche Boxster S (87%)
3= Mercedes-Benz SLK55 (87%)
5= MINI 1.6 Cooper S (Chilli) Convertible (85%)
5= Audi RS4 Cabriolet (85%)
5= Jaguar XK Convertible (85%)
8 Porsche 911 3.8 Carrera S Cabriolet (84%)
9 Aston Martin DB9 Volante Convertible (82%)
10 Mazda MX-5 1.8i (78%)
11 BMW 330Cd Sport Convertible (78%)
12= Mercedes-Benz SL350 Convertible (77%)
12= Honda S2000 2.0i VTEC (77%)
14 Mercedes-Benz CLK200 Kompressor Avantgarde Cabriolet (76%)
15= Vauxhall Astra 1.9 CDTi 16v (150ps) Twin Top Sport Coupe (75%)
15= Mitsubishi Colt 1.5 CZC Turbo Cabriolet (75%)
15= Lotus Elise 1.8 R (75%)
15= Peugeot 206 1.6 HDi 110 Allure Coupe-Cabriolet (75%)
15= BMW Z4 2.5i Sport (75%)
20 Audi TT Roadster 1.8 T (150 bhp) (74%)


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