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Straight from someone “in the know” over at MINI2:
New colours are a coming for the cabrio (confirmed): Hot Orange and Cool Blue.
Apparently, the interior trim will match the exterior(Hot Orange on the dash!?!), and there are some new alloy wheel designs in 16″ and 17″ on their way too.
This new info closely matches what I had previously recieved last month on the subject so I would guess it could very well be correct. You can see what might become “cool blue” here and “hot orange” here.
<p>Do you have any news about the fate of velvet red?</p>
<p>Just the info I <a href="https://www.motoringfile.com/?Y=2003&M=06&D=10&TitleID=2004NewColorsUpdate">posted earlier</a> saying that it would be phased out sometime in '04. Others have said it'll be phased out as soon as the '03 model year ends in September.</p>
<p>Velvet red has been discontinued as of the 2004 model production in september. That's official.</p>