Carcraft, one of the UK’s largest used car hypermarket chains have revealed that there has been a 33 per cent increase in the amount of convertibles sold between 2006 and 2007. Convertibles now account for almost 5 per cent of Carcraft’s total used car sales.
The most popular vehicle sales according to Carcraft’s figures are classic models such as the Mazda MX-5, the MGF and Peugeot 206 as well as prestige models such as the BMW 3-Series and Z4.
Barry Nightingale, managing director at Carcraft believes that the reasons behind the success of open top vehicle sales is due to coupe and cabriolet models retaining their value better than hatchback or saloons, making them a worthwhile investment.
Nightingale said: “The sportier appearance of convertible models helps to give them a wide appeal, meaning their residual value consistently outperforms other models.”
“As their appeal continues to grow, we are also seeing more manufacturers competing to tap into the trend by introducing their own convertible models – with 16 new launches in 2007 alone.”
He added: “Since the start of April we have already seen a significant rise in buyers searching for the best summer sellers at Carcraft and we expect 2008 to be our biggest year for convertibles to date.”
The Carcraft group stocks cars from over 40 manufacturers and hundreds of different models. Carcraft’s 11 showrooms are located at Rochdale, Leeds, Knowsley (Merseyside), Newport, Birtley (North East), Wednesbury (West Midlands), Sheffield, Enfield, Chertsey, Lakeside and Edinburgh.
For further information visit: www.carcraft.co.uk
April 16, 2008