- Is the GTN worth 79k? It's been on sale for over 6 months and not sold, so the market would suggest not, and if I recall less than a decade ago these were trading at around 10k more than an S1.
I claim no knowledge of Morgan prices but what you describe is what I see with Ferrari prices.
The car market has gone off the boil but here we arent talking of day to day cars but expensive toys. In my experience the market for these is much like the house market. When it goes off the boil you are left with high prices slow moving stock for sale with little new coming to the market because sellers dont want / arent prepared to accept a lower price than they could have got last year. Sure some of the cars on the market sell and there always are people who for a variety of reasons pay above tru market rate. But generally sales are slow and mostly only the realistically priced examples.
I've been idly looking tfor a manual gearbox Ferrari 360 spider. There are several on offer at 90k/ 100k, mostly with a spotty service record, and all were on offer last year as well. One really nice car I was offered sold for 65k albeit in a colour which is normally 10k below the most popular red. The current market level for a good car in good colours etc is maybe 75/80k and falling.
Maybe its Brexit uncertainty but likely not since the decline is affecting the continent as well as the UK.
In the end you pays your money and makes your choice. I may well pay over the odds simply because at 73 I dont want to waste a summer without a toy to enjoy. How many more have I got left? But those with more time and those in the car business are sitting on their hands. Several dealers I have spoken to are not buying cars for stock and only doing SOR in order to avoid losses in a falling market.