In 1973, Peugeot introduced a facelifted version for the entire 504 lineup, including the open-top version, although it reached its customers as a 1974 model.
The French automaker was already working on the facelifted version when the Oil Crisis started in 1973. Moreover, adding better, fuel-efficient engines was nothing but good news for customers. In addition, the car's exterior was updated. Nevertheless, it was already a great-looking vehicle loved by its owners.
Derived from the 504 Coupe version, which was penned by Pininfarina, the Cabriolet version featured a low stance and an elegant profile. With the updated version, the front of the vehicle received a plastic grille for the radiator while the quad-headlights system was kept, although with some slight aesthetic modifications. The four headlamps had the same size, with a rectangular shape and rounded corners. The turn signals were still mounted lower inside the newly designed plastic bumper.
Inside, the car was an absolute feat for its customers, offering a true four-seat experience. At the front, the bucket seats with adjustable headrests featured side bolstering. They were separated by a tall center console extended into the center stack. The dashboard featured three individual clusters for the dials. Also, the car featured power front windows. Unfortunately, there were no side windows for the rear passengers.
Under the hood, Peugeot installed a new, fuel-injected engine that offered the same 106 PS (103 hp) power but lowered the fuel consumption.