Convertible prices rise with temperatures

The price of a convertible rises and falls with annual temperatures, according to British Car Auctions (BCA).

The auction company has reported predictions of a hot summer could keep convertibles' prices up, as the monthly price progression of convertibles, compared to the total average price achieved at auction, has more to do with the temperature than the economy.

The BCA reports that even as other sectors of the consumer market place may be declining demand for soft tops is "steadily edging up".

Tim Naylor, PR manager at the BCA, said: "The UK weather is probably the biggest single factor in determining convertible values. And as we head into June we are certainly seeing prices of these desirable vehicles move well above average for used car prices and bucking the overall economic trends.

"The average convertible is around four years old and under 40,000 miles when it is sold by BCA. This means buyers can be assured of getting a good quality vehicle, at a good price."

The BCA found when overlaying the average UK temperature against average monthly prices for convertibles creates a similar wave shape, with rising convertible prices slightly preceding the temperature rise.

The upshot is the best time to buy a convertible is in winter.