GIVEAWAY: TEAMGROUP T-Force VULCAN Z SATA III SLC 2TB SSD, two up for grabs!

Convertibles struggling as carmakers focus on push towards electric

Carmakers are leaving behind convertibles with the shift towards electric vehicles, and little word on whether convertible EVs will arrive in showrooms.

Convertibles struggling as carmakers focus on push towards electric
Published Sep 24, 2022 1:03 PM CDT   |   Updated Sun, Oct 16 2022 6:46 PM CDT
1 minute & 35 seconds read time

Automakers are working to develop new vehicles and the industry is under pressure to meet changing consumer demands - and the release of new convertibles cannot keep up. Car features such as glass tops and panoramic sunroofs are becoming more popular, while the practicality and cost increases in convertibles are leading to a drastic decline.

Convertibles struggling as carmakers focus on push towards electric 02

Traditional convertible sales have dropped to less than 100,000 units per year, despite once-popular models such as the Ford Mustang, Mazda Miata, and Chevrolet Camaro once racking up strong sales, according to the S&P Global Mobility. Despite 320,000 vehicles sold in 2006, a noticeable 2% of all US sales in 2006, which continued to slide to less than 150,000 (0.8%) in 2015 - and that figure is expected to get worse before better.

The only positive note for convertibles is in "super premiums," with 28% of the niche market share, including models from Lamborghini, Ferrari, and other high-end automakers.

Here is what Stephanie Brinley, automotive analyst at S&P Global Mobility, said in a statement published by CNBC:

"The trajectory has been down and there just isn't as strong of a consumer interest. In the transition to electric vehicles, and where do automakers put their development money, it just isn't going to convertibles."

The automotive industry is continuing a transition towards EV at a dizzying rate, with many US states planning to eliminate gas-powered vehicle sales in the distant future. There is a mix of different EV vehicles, including cars, pickup trucks, supercars, SUVs, but there hasn't been much news about EV convertibles as of late.

Industry analysts note safety issues are present in a possible electric convertible - heavy batteries may improve interior space and lower the vehicle's center of gravity, but a rollover accident could be extremely dangerous. There is no legislation that would necessarily stop a full-convertible EV from being released, but current National Highway Traffic Safety Administration (NHTSA) regulations have strict laws regarding roof crush resistance.

Although there have been several concepts and renderings of convertible EVS from Volkswagen, Nissan and Bentley, however, but those ideas are a few years old and far from production. The Haartz Corporation, a company specializing in convertible tops and interior surface materials, said sales are one again back to pre-pandemic levels, but confirmed there is a trend away from convertibles.

NEWS SOURCES:cnbc.com, autoweek.com

An experienced tech journalist and marketing specialist, Michael joins TweakTown to cover everything from cars & electric vehicles to solar and green energy topics. A former Staff Writer at DailyTech, Michael is now the Cars & Electric Vehicles News Reporter and will contribute news stories on a daily basis. In addition to contributing here, Michael also runs his own tech blog, AlamedaTech.com, while he looks to remain busy in the tech world.

Newsletter Subscription

    Related Tags

    Newsletter Subscription
    Latest News
    View More News
    Latest Reviews
    View More Reviews
    Latest Articles
    View More Articles