The Convertible Market is Shallow Enough to Start Calling Droptops Irrelevant

Matt Posky
by Matt Posky

Convertible sales have slid steadily for a while now and “everyday” droptops like the difficult to praise Chrysler Sebring have vanished from the automotive market. With the exception of a few premium options from Germany, fun in the sun doesn’t seem to coincide with daily driving anymore.

With their sales volume now trumped even by impractical, short-ranged electric vehicles, lidless cars are less popular than ever. In fact, America’s most popular convertible isn’t even a car (Jeep Wangler), and today’s remaining open-air options are either performance focused, comically small, or extremely expensive European luxury items. That’s likely to remain the case for some time, considering it took us over a decade to get here.

According to IHS Markit (via Automotive News), the ragtop market has been shrinking since 2009, if not before, and now comprises less than 1 percent of all new car purchases. The last handful of years have been especially grim for the convertible, despite the segment’s continued willingness to exist.

“North America has always led the global convertible market, but hit a near-record low in 2014 with just 164,000 units sold in the region. While consumers returned to the automotive market, the gain has been in more practical segments, and purchases of convertibles and roadsters have lagged the general automotive market resurgence,” said Tim Urquhart, principal analyst at IHS Automotive, in last year’s analysis. “However, the North American market is expected to progress on a stable platform over the next few years, led by the launch of the latest iteration of the Ford Mustang in 2016.”

However, that predicted stability has instead become a bottoming out. The Mustang, along with the Camaro, are one of the few remaining American options for a retractable roof — and they aren’t particularly popular. While Mazda’s MX-5 managed 733 units in December, November only saw 387 U.S. sales. While that might seem like one bad month for one roadster, the better-than-ever Miata has not returned to its sales high of a decade ago and is actually a comparatively strong-selling convertible.

Haartz, the corporation that produces unique convertible tops for discerning customers, commissioned a survey for people who own or have ever owned a convertible and another for those who would ever consider buying one. While the survey only reached out to 574 consumers, it did return the knowledge that more people would consider buying a convertible if they were more practical, roomier, less expensive, and better looking. Unfortunately, these elements are all things that today’s surviving convertibles seem to have trouble with. The Haartz survey also highlighted consumer preference toward retractable hardtops over folding fabric as well as a penchant for panoramic glass.

With so much working against them, droptops will likely never return their pre-Great Recession U.S. record of of 344,000 units, recorded in 2006. Even with Europe’s slightly stronger interest in convertibles, most sales will continue to be drawn from premium German models until the segment dies out entirely or undergoes some incredible metamorphosis. However, considering the abomination that was the Nissan Murano CrossCabriolet, that new form might not do the segment any favors.

[Image: Nissan]

Matt Posky
Matt Posky

A staunch consumer advocate tracking industry trends and regulation. Before joining TTAC, Matt spent a decade working for marketing and research firms based in NYC. Clients included several of the world’s largest automakers, global tire brands, and aftermarket part suppliers. Dissatisfied with the corporate world and resentful of having to wear suits everyday, he pivoted to writing about cars. Since then, that man has become an ardent supporter of the right-to-repair movement, been interviewed on the auto industry by national radio broadcasts, driven more rental cars than anyone ever should, participated in amateur rallying events, and received the requisite minimum training as sanctioned by the SCCA. Handy with a wrench, Matt grew up surrounded by Detroit auto workers and managed to get a pizza delivery job before he was legally eligible. He later found himself driving box trucks through Manhattan, guaranteeing future sympathy for actual truckers. He continues to conduct research pertaining to the automotive sector as an independent contractor and has since moved back to his native Michigan, closer to where the cars are born. A contrarian, Matt claims to prefer understeer — stating that front and all-wheel drive vehicles cater best to his driving style.

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  • BuzzBNY BuzzBNY on Jan 05, 2017

    Is that car that big, or is the driver really tiny? I miss my Miata which I enjoyed driving even in the winter. Snowy roads made me wonder if that was what driving a sprint car felt like. Just a fun vehicle all year round. Sold it due to marriage and children which was truly the dumbest thing I ever did.

  • Mikey Mikey on Jan 06, 2017

    I just love the "impracticable vehicle"..Two weeks ago I was diligently searching HD Long Box reg cab tucks. Not that I had any need for such a vehicle. I just wanted one. Well thats ancient history. After reading through the comments here, now i'm searching , gently used 2016 -17 V6, Stick shift Camaro, convertible. I just can't wait for my family, and friends say "Ya already have a Mustang for a DD ,what ya really need Mikey is an CUV" Excuse me while i look this up, lets see auto trader.ca.....hmmm ?

  • Redapple2 Love the wheels
  • Redapple2 Good luck to them. They used to make great cars. 510. 240Z, Sentra SE-R. Maxima. Frontier.
  • Joe65688619 Under Ghosn they went through the same short-term bottom-line thinking that GM did in the 80s/90s, and they have not recovered say, to their heyday in the 50s and 60s in terms of market share and innovation. Poor design decisions (a CVT in their front-wheel drive "4-Door Sports Car", model overlap in a poorly performing segment (they never needed the Altima AND the Maxima...what they needed was one vehicle with different drivetrain, including hybrid, to compete with the Accord/Camry, and decontenting their vehicles: My 2012 QX56 (I know, not a Nissan, but the same holds for the Armada) had power rear windows in the cargo area that could vent, a glass hatch on the back door that could be opened separate from the whole liftgate (in such a tall vehicle, kinda essential if you have it in a garage and want to load the trunk without having to open the garage door to make room for the lift gate), a nice driver's side folding armrest, and a few other quality-of-life details absent from my 2018 QX80. In a competitive market this attention to detai is can be the differentiator that sell cars. Now they are caught in the middle of the market, competing more with Hyundai and Kia and selling discounted vehicles near the same price points, but losing money on them. They invested also invested a lot in niche platforms. The Leaf was one of the first full EVs, but never really evolved. They misjudged the market - luxury EVs are selling, small budget models not so much. Variable compression engines offering little in terms of real-world power or tech, let a lot of complexity that is leading to higher failure rates. Aside from the Z and GT-R (low volume models), not much forced induction (whether your a fan or not, look at what Honda did with the CR-V and Acura RDX - same chassis, slap a turbo on it, make it nicer inside, and now you can sell it as a semi-premium brand with higher markup). That said, I do believe they retain the technical and engineering capability to do far better. About time management realized they need to make smarter investments and understand their markets better.
  • Kwik_Shift_Pro4X Off-road fluff on vehicles that should not be off road needs to die.
  • Kwik_Shift_Pro4X Saw this posted on social media; “Just bought a 2023 Tundra with the 14" screen. Let my son borrow it for the afternoon, he connected his phone to listen to his iTunes.The next day my insurance company raised my rates and added my son to my policy. The email said that a private company showed that my son drove the vehicle. He already had his own vehicle that he was insuring.My insurance company demanded he give all his insurance info and some private info for proof. He declined for privacy reasons and my insurance cancelled my policy.These new vehicles with their tech are on condition that we give up our privacy to enter their world. It's not worth it people.”
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