Summer in the UK now. This will surely sell or is the market that tough?
The market is very buoyant, however - it is a market within "a market" at the moment i.e. certain cars are really "it" and dealers (classic and sports) flock to the current darlings of the car and classic car world and these become in-vogue.
If you are selling a second hand car for £25k+ privately the number of potential buyers with this (not inconsiderable) amount of disposable cash - is quite a low number. Factor in a specialist car like a Morgan (that is a non essential to family transport requirements) and selling becomes tough?
One fact that I had also not considered: when buying a new "modern car" - 85% are now purchased on a PCP - i.e. a small up front deposit and 36 month, totally palatable payments...as the majority of the public just cannot afford to through down the whole lump sump in one go - like we used to?
Factor in the hype/marketing that classic car dealers provide (oh and the security of buying from them) and buying or selling privately is certainly a much lower activity than it was 15 years ago!
In the last month, three Morgans being sold privately (one on the For Sale section within TM) are now up for sale @ Morgan dealers...so did these owners have to "accept" what dealers are offering and had no choice but to go down this route...I guess so?
Having said all the above - I am still in the market for throwing money at a good 8+...preferably buying it privately......ha!
