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Selling a Morgan... #650081
12/07/20 03:16 PM
12/07/20 03:16 PM
Joined: Dec 2018
Posts: 465
P
pete757 Offline OP
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pete757  Offline OP
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Joined: Dec 2018
Posts: 465
As some may know, my lovely 4/4 80th Anniversary is up for sale... has been with MR for the last 3 weeks now...

https://morgan-motors-cars.com/cars/2016-morgan-4-4-80th-anniversary-just-arrived/

Not a single enquiry...

I guess I have got used to putting a car up for sale (Lotus experience over 6 cars) and having them sold within days...

But somehow, Morgans seem to 'sit' for months and months.

Question. Is this

a: price related, ie: too high?
b: small market
c: Both!

I would like to get my 4/4 sold... I bought it for £ almost what I am asking MR to sell it for, ie; I will get less back. Despite spending an additional 4.5k on nice additions such as Panhard Rod, Williams header tank and intake, Williams ECU upgrade, paint correction and ceramic coating, as well as Si-Fab radiator and Lucas 'period' headlights!

So! Is it a price drop situation? Or just the market for 4/4's? Not being 'conceited', but my car is probably one of the the nicest 4/4 on the market right now. It's better than new :>)

So, what gives?

Interested in thoughts!

Cheers,

Pete.


Dark Red 4/4 80th Anniversary
Re: Selling a Morgan... [Re: pete757] #650083
12/07/20 03:31 PM
12/07/20 03:31 PM
Joined: Dec 2009
Posts: 24,567
Devonshire
+8Rich Offline
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+8Rich  Offline
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Joined: Dec 2009
Posts: 24,567
Devonshire
I would think it is more the uncertain times over here at the moment, there have been thousands of redundancies and lots more to come.

As you know these are only toys albeit priceless in their delivery of therapy so will be amongst the first things to feel the pinch, I think the price reflects real value with the work you have had done to the car so summing up it's a question of hanging on for a bit having a limited edition will always attract the real enthusiast and it's a stunner.


Regards Richard

1999 Indigo Blue +8
2009 4/4 Sport Green prev
1994 Connaught Green +8 prev





Re: Selling a Morgan... [Re: pete757] #650086
12/07/20 03:41 PM
12/07/20 03:41 PM
Joined: Jul 2007
Posts: 17,006
Suffolk
John V6 Offline
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John V6  Offline
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Joined: Jul 2007
Posts: 17,006
Suffolk
It is a nice car. As Richard says times are worrying here and maybe for now the market isn't there.


JohnV6
2006 Indigo Blue Roadster S1
Re: Selling a Morgan... [Re: pete757] #650087
12/07/20 03:42 PM
12/07/20 03:42 PM
Joined: Aug 2010
Posts: 3,061
Costock, South Nottinghamshire...
Paul F Offline
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Paul F  Offline
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Joined: Aug 2010
Posts: 3,061
Costock, South Nottinghamshire...
The price looks sensible. Some Morgans sell quickly (mostly sub £25k) but others hang around for several months. Richard's points are valid re uncertainty. However, I have seen a few cars sell recently at Allon-White so it is a question of waiting for the right person to come along. Morgans are more often bought with retirement lump sums than a lot of other cars so the wave of redundancies could work in your favour once a few people start seeing early retirement plans come to fruition on the back of redundancy.


Paul
Costock, UK
2014 4/4 Rolls Royce Garnet Red
Disco 4
Teddy - 17h1 Irish Draught cross
Re: Selling a Morgan... [Re: pete757] #650088
12/07/20 03:46 PM
12/07/20 03:46 PM
Joined: Dec 2018
Posts: 465
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pete757 Offline OP
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pete757  Offline OP
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Joined: Dec 2018
Posts: 465
Interesting feedback guys... thanks.

Here in Oz, things are (thankfully) very different... cars are selling quickly, pretty much at pre-Covid levels... So I don't have 'feet on the ground' in the UK...

Really hope we can all get through this utter BS of a virus/situation... so much has changed in such a short period of time. And yes, these are indeed 'toys'... how lucky we are to be able to enjoy them. At least that 'bit of life' cannot be taken away from our choices.

Hang in there one and all... keep safe ok.

Pete


Dark Red 4/4 80th Anniversary
Re: Selling a Morgan... [Re: pete757] #650090
12/07/20 03:49 PM
12/07/20 03:49 PM
Joined: Jul 2007
Posts: 17,006
Suffolk
John V6 Offline
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John V6  Offline
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Joined: Jul 2007
Posts: 17,006
Suffolk
Pete,
to give you an idea . In June new car sales were at 35% of last year.


JohnV6
2006 Indigo Blue Roadster S1
Re: Selling a Morgan... [Re: pete757] #650092
12/07/20 03:57 PM
12/07/20 03:57 PM
Joined: Dec 2017
Posts: 714
Evergreen, Colorado, USA
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britmog Offline
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britmog  Offline
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Joined: Dec 2017
Posts: 714
Evergreen, Colorado, USA
Over here you rarely get back the investment in upgrades they may make the car more desirable compared to others but not necessarily increase the value unless the car is special in some way.


Bruce Marshall
1964 4/4 Series V Comp (Megan)
1994 +8 (Maurice)
2013 M3W (Olga)
Re: Selling a Morgan... [Re: pete757] #650106
12/07/20 05:58 PM
12/07/20 05:58 PM
Joined: Oct 2019
Posts: 280
Mercer Island
SeaTacTom Offline
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SeaTacTom  Offline
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Joined: Oct 2019
Posts: 280
Mercer Island
What a beauty!...I don't know the market over there (or the car buying culture).. but it is not uncommon for a nice, but pricy, Morgan to wait for just the right buyer to come along.

If it is still looking for a new home at the end of the year....add $10,000 USD...ship it here and it will sell quick.

Tom


2019 Morgan +4
2006 Mercedes Benz SL 600
2018 GMC SUV
Re: Selling a Morgan... [Re: pete757] #650108
12/07/20 06:07 PM
12/07/20 06:07 PM
Joined: Jun 2015
Posts: 560
North Somerset, UK
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Deejay Offline
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Deejay  Offline
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Joined: Jun 2015
Posts: 560
North Somerset, UK
I agree that you are unlikely to see the return on extras but it should increase desirability. Looking at the ad, seems they quote two different mileages, 243 miles apart, not that it matters that much.


Doug

2011 +4 in Rich Maroon
Re: Selling a Morgan... [Re: pete757] #650113
12/07/20 06:47 PM
12/07/20 06:47 PM
Joined: Nov 2017
Posts: 452
Suffolk Uk.
Hawki Offline
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Hawki  Offline
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Joined: Nov 2017
Posts: 452
Suffolk Uk.
I have noticed that several cars seem to be around for several weeks / months before selling. I wonder what the Impact of the CX cars will be on the trads

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