Lorne - in my view there is no magic to this.
In the past in the UK (main mog market I guess) there has been higher demand than supply.
Agreed. That is the basics..the domino effect from that is even more fascinating.
Mogs don't get retired to a scrappy after 5 years like most Euroboxes do, so the numbers available in the UK are constantly rising.
Yes. But they are rising almost everywhere...so that is not a fact to differentiate on.
similarly (I would guess) that the available group of potential purchasers keeps falling, a function of age, demographics, and viable alternatives.
Actually, aside from the last on alternatives (which has been a factor on occasion), the opposite is true. The largest wealthiest generation in history "the baby boomers" fit the Morgan demographic to a tee and are cash heavy and pension flush. Best luxury item demographic for the foreseeable future.
Perhaps the US will buck this trend - if theres enough enthusiasm for the marque and a low enough supply values will stay high for the moment.
Certainly any part of the world where Morgan supply is limited for any reason has VERY high residuals, Denmark, Canada, New Zealand, Australia, the US....
For that matter, the choicest Morgans in history, Plus 4 SS or DHCs that were mostly shipped to North America originally, are being bought up by Europeans for enormous prices and shipped back now. So let's agree and refine your point.
Residuals, of any model, are a function of the degree of unsatisfied demand. Lorne
