Convertible registrations, which have been growing for the past several years in the U.S., fell in 2007 by 8.6 percent. According to R.L. Polk & Co., the drop top segment fell below 300,000 new registrations last year for the first time since 2003.
“Although the convertible market continued to grow in 2005 and 2006 despite declines in the general market, it was not immune to 2007’s depressed economic climate,” Polk consultant Mark Pauze said.
Ford’s Mustang convertible remained at the top of the segment with 32,694 registrations in 2007, but was still down 33 percent from 2006. Chrysler’s Sebring came in second with 20,373 registrations.
Source: Automotive News (Subscription Required)