The credit crunch accounts for the flood of cheap convertibles on the second-hand car market, according to Glass's car value guide
And now is the time to buy as the price of convertibles has failed to peak in spring for the second year running.
According to Jeff Paterson, chief car editor at EurotaxGlass's, said that up until 2007, convertible prices would usually rise by ten per cent between March and June.
But lacklustre growth, at half the expected rate, has ensured the price of convertibles is kept down this summer.
He said: "The credit crunch is inevitably playing a part, and convertibles are particularly vulnerable to consumer belt-tightening as they are seen as a luxury purchase."
There has also been a marked increase in the number of used convertibles on dealer's forecourts and coupled with reduced demand this has pushed prices down further, according to Glass's.
Glass's Guide to Car Values celebrated its 75th anniversary this year.
The guide is published by EurotaxGlass's, which is the leading provider of automotive intelligence, operating in 30 countries around the world.
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