Convertibles always go up in summer as demand increases, plus we are in a funny time.
Many private sales have disappeared leaving only trade sales, many of which were the over priced ones a few months back, the once priced right have sold, leaving only the over priced ones still for sale. Autotrader ads have been free for traders during lockdown, and while in lockdown why reduce prices?
Plus we have got people sat at home furloughed who have been watching car prices, seeing prices go up as private sales disappear and the properly priced dealer cars go, now wondering if prices are going to slump or get higher and higher? Buying a car right now is a proper gamble if you are worried about prices, who knows what will happen moving forward? But fine if you're buying to enjoy it.
I have no idea where my business will be in a few months, whether I will lose everything, I'm in retail so could well do, but after selling my 5 series and my wife's car and buying a cheaper E91 to put some cash in the bank, and because I can see prices on certain cars falling through the floor over the next few months, I got itchy and bought a Zed coupe last week.
My thinking is the Zed coupe is a safer place to have money than a 2015 5 series touring. It may drop a bit in the next 6 months, but think prices will bounce back again as we get to a new normal, and sub £10k cars that are fun will do OK imho.