I am surprised by the surprise expressed. High end cars are an asset just like any other and when the market cools down, as the stats for car sales clearly shows it has, then you end up with an overhang of cars for sale at prices that dont reflect the situation. The owner isnt prepared to accept his car isnt worth what it was a year before. This glut doesnt last - a few get sold at lower prices and others on sale or return get returned, maybe to re-appear a year or two later.
Its exactly what happens with house prices when they start to top out and fall. And with boats. Its simply the nature of a market.
FWIW the prices of Ferraris have also fallen by at least 10% since the peak in late 2016. So have the prices of cars like classic E types. I was talking to the owner of a 328 Fezza a while ago - he had bought the car new for a bit over 100k only to see it fall down as far as 25k. He kept the car and it rose back to approaching 100 on the listings last year. He's now trying to sell at 85k and getting no interest.
As for a Boxter can I suggest you try the F type S. I did at first wonder if I had made a mistake buying mine but I am now pretty sure that I didnt. Its a real sports car, with excellent performance , a wonderul sound track and great handling. Far more characterful than the Boxter which I have always found to be bland to the point of boredom. Sure its not as characterful as a Plus 8 but then its half the cost and IMO a better car.
And this, Howard, is I suspect why you don't get on with the idea of a Morgan.
I suppose there are some who would consider their Mog as an "asset" or a "high end car." I - and I guess many other owners - fundamentally don't give a stuff about how much my car is worth, or how much it's appreciated or depreciated. It's there for me to enjoy, to drive, and yes, to fettle, and ultimately to pass on to the next generation of owners with more miles on the clock, more patina on the paint, and more wear on the upholstery.
Well summed up Doug, for us dyed in the wool "no hoper's" it is all about the transitory enjoyment of a National treasure during our tenure ..
If you have to think too much about ownership it's not for you, this is akin to falling in love with your partner you just can't stop yourself.
2009 4/4 Sport Henrietta 1999 Indigo Blue +8 2009 4/4 Sport Green prev 1993 Con Green +8 prev
.. 