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Re: Safety Recall - Brakes [Re: Derek596] #749331
24/07/22 10:07 PM
24/07/22 10:07 PM
Joined: Jun 2020
Posts: 273
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Perry_P_M3W Offline
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Joined: Jun 2020
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Originally Posted by Derek596
How about this for an interesting discussion, following the brake recall? Will CX Chassis Morgans increase or decrease in value? On the minus side is the possibility that many will sell their Plus Fours & Plus 6s as they are fed up, thus probably reducing the value. On the other hand, supply from the factory has stopped and thus must increase the value of existing cars. We all know that the value of second hand cars has increased over the last couple of years due to lack of supply of new vehicle. What do chaps think?


Having had a look at the current used CX cars on offer from the MMC website and Autotrader, I wouldn't say they are holding their value all that well. Some Plus Six's are out there for almost 20k less than a new one. Granted these are the early versions but still...

Re: Safety Recall - Brakes [Re: Clipper] #749339
25/07/22 06:20 AM
25/07/22 06:20 AM
Joined: Aug 2016
Posts: 168
Worcestershire
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Jonathan G Offline
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Jonathan G  Offline
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Worcestershire
Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?

Last edited by Jonathan G; 25/07/22 06:22 AM.

2021 Morgan Plus Four
2012 Morgan Three Wheeler
2020 Land Rover Defender 110
Re: Safety Recall - Brakes [Re: Clipper] #749343
25/07/22 07:43 AM
25/07/22 07:43 AM
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Posts: 443
tervuren belgium
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thierry242 Offline
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tervuren belgium
The first plus six where at 94000 euros hard top included.Two years later
I have paid my plus four the same price.Now the plus four with the same configuration as my car is at 104000 euros.
If i would like to sell my car i would try 90000 euros.

Last edited by thierry242; 25/07/22 07:46 AM.
Re: Safety Recall - Brakes [Re: Jonathan G] #749344
25/07/22 07:47 AM
25/07/22 07:47 AM
Joined: Aug 2020
Posts: 1,260
Lytham St Annes, Lancashire
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JohnHarris Offline
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Joined: Aug 2020
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Lytham St Annes, Lancashire
Originally Posted by Jonathan G
Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?


That maybe very true, but it doesn't always follow that the full value of the extra's is reflected in the resale value of the car. Some options maybe highly desirable, others may be just personal taste and may even detract from a vehicle in some people eyes. Secondly, important factory model upgrades like comfort seats may influence the desirability and size of the potential market for a given vehicle and hence its value. I would think the 22 model year cars onwards with very necessary standard upgrades like comfort seats and hood alterations may prove better residuals than earlier models. Time will tell.


John
2008 Roadster 4 seater FELIX
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Re: Safety Recall - Brakes [Re: JohnHarris] #749345
25/07/22 08:13 AM
25/07/22 08:13 AM
Joined: Aug 2016
Posts: 168
Worcestershire
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Jonathan G Offline
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Jonathan G  Offline
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Joined: Aug 2016
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Worcestershire
Originally Posted by JohnHarris
Originally Posted by Jonathan G
Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?


That maybe very true, but it doesn't always follow that the full value of the extra's is reflected in the resale value of the car. Some options maybe highly desirable, others may be just personal taste and may even detract from a vehicle in some people eyes. Secondly, important factory model upgrades like comfort seats may influence the desirability and size of the potential market for a given vehicle and hence its value. I would think the 22 model year cars onwards with very necessary standard upgrades like comfort seats and hood alterations may prove better residuals than earlier models. Time will tell.


100% agree but those with no extras will always be of a lower value than those with extras. Earlier models were also cheaper so not right to compare residuals of those with later models.


2021 Morgan Plus Four
2012 Morgan Three Wheeler
2020 Land Rover Defender 110
Re: Safety Recall - Brakes [Re: Clipper] #749351
25/07/22 09:16 AM
25/07/22 09:16 AM
Joined: Mar 2009
Posts: 3,145
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nick w Offline
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nick w  Offline
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Joined: Mar 2009
Posts: 3,145
Isn't all pricing about supply and demand? Under Peter Morgan supply was kept well below demand thus ensuring great resale prices on used cars.
It seems that currently supply is forced on dealers which must lead to discounts eventually which will feed through to used prices.
On the other hand, the new cars being constructed as they are sustain write off damage very easily so this will restrict supply of used cars presumably?
Unlike the traditional cars still all on the road 70 years or so later, the cx cars have built in throwaway design as is the modern way.
It will be interesting to see. In about 2002 I paid around 22k for a new 4/4. It's being offered by a garage now at 35k. They haven't sold it yet mind!
Nick

Re: Safety Recall - Brakes [Re: Clipper] #749352
25/07/22 09:19 AM
25/07/22 09:19 AM
Joined: Nov 2010
Posts: 14
Kent
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Joined: Nov 2010
Posts: 14
Kent
Thread drift……who cares about values???! I just want to be able to drive the car I have.

Re: Safety Recall - Brakes [Re: Mr-Blueskies] #749354
25/07/22 09:44 AM
25/07/22 09:44 AM
Joined: Jan 2022
Posts: 56
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Derek596 Offline
Just Getting Started
Derek596  Offline
Just Getting Started
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Joined: Jan 2022
Posts: 56
Originally Posted by Mr-Blueskies
Thread drift……who cares about values???! I just want to be able to drive the car I have.



Absolutely, but as the instigator of the drift, it is associated with the current situation. And one of the prime reasons why I purchased my Morgan was due to it's remarkable low depreciation. I just wondered if the current problem, resulting in many of us being rather annoyed, will affect residuals. Time will tell, but I do think that MMC should be rather more generous with compensation; a mere warranty extension will not cut it. And at the end of the day, surely PR is important?

Last edited by Derek596; 25/07/22 09:45 AM.
Re: Safety Recall - Brakes [Re: Jonathan G] #749355
25/07/22 09:53 AM
25/07/22 09:53 AM
Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
RichardV6 Offline
Charter Member
RichardV6  Offline
Charter Member

Joined: Feb 2016
Posts: 5,511
East Harling, Norfolk UK
Originally Posted by Jonathan G
Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?

A generalisation I know but extras, particularly at Morgan prices are not reflected in any way pro-rata to their initial cost after a year or two. I doubt such extras would affect retail value more than a small fraction of initial cost. A model change, improved seats for example, included in basic price is another matter though.


Richard

2018 Roadster - Red/Magnolia - "Morton"
1966 Land Rover series 2a SWB
1945 Moto Guzzi Airone
Re: Safety Recall - Brakes [Re: Clipper] #749356
25/07/22 10:18 AM
25/07/22 10:18 AM
Joined: Aug 2013
Posts: 15,340
Salisbury, UK
Peter J Offline
Formerly known as Aldermog
Peter J  Offline
Formerly known as Aldermog
Member of the Inner Circle

Joined: Aug 2013
Posts: 15,340
Salisbury, UK
Talking of depreciation, my Tesla cost me £49,600 in May 2021.
WBAC offered me £47.600 this week, so £2000 in 14 months.
Used versions, same model, colour, year are offered at £52,500...
BUT a new Tesla is £58,000, delivery not until 2023.....

Supply and demand rule. Simple.


Peter,
66, 2016 Porsche Boxster S
Tarka, 2014 Plus 8....Back on the Road Again!!


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