The market is softening, you can tell with the numbers of Morgans for sale at the moment. A very simple indicator, a year or so ago the Car and Classic Morgan for sale listings was about 15/16 pages long its now about 23 pages long......much more Morgan for sale and prices even on the ever popular trad plus 4's are definitely softening with the exception of very late 2018/19 registrations which seem to hold their prices well. You see examples of now over priced Morgans sitting in the showrooms, there are lots of Roadsters out there that are just not moving.
Could be time to pick up a bargain vehicle over the coming winter months, but I get a feeling that high interest rates may be here to stay for a while and if you are not a cash buyer, the higher monthly financial repayments might undermine any savings on the current lower sales prices., which may soften further with the number of Morgans listed for sale. There must be a point in the next year or so when interest rates soften and sales price still remain relatively low due to oversupply in the market place, to take advantage of the current glut of Morgans for sale. Who knows for certain how this is going to evolve, clearly the continuing war in the Ukraine and the potential economic turmoil that may unfold in China will be an economic drag on inflation, resultant interest rates and economic confidence to partake in luxury spending on items like a Morgan.
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