It's odd that no one got the email, I didn't either...🤷🏻♂️
Manufacturers waaaaay bigger than MMC are finding things 'tricky' at the moment.
A quick look at the Porsche website shows the huge numbers of used cars available right across the range.
The end of finance deals or folk no longer being able to afford the repayments and handing cars back are reasons for the cars coming back in. Expensive finance and the fact that there are no new buyers in the market is probably why the stock is sticking.....
The Italians in Malvern possibly picked a 'bad time' to buy a historic old English brand and try and turn it into a modern sports car manufacturer. Global circumstances aside, I've always said, many times on here in fact, it was the wrong way to do it and probably would (will) end, one way or another, in failure.
An extra £5k off along with any colour/leather shows how hard it is to sell very niche and expensive cars in a market with a hell of lot of choice. If you've got £80 to £110k to spend and don't but a 911 you're........, I'm not sure what the correct word is.........😁🙃
CX's and 3 wheelers are depreciating quite dramatically, and there is much further for them to fall, there certainly are some bargains to be had if the used world if someone is looking to get in to a more modern Morgan.
'Doing a caterham', a trad by any other name, proper retro could be the savior of MMC, although trads aren't immune to depreciation at the moment, there's lots of stock and few buyers.
I, along with many on here thought that MMC were foolish just to dump the trad, but I guess the Italians wanted a fresh start and to make their mark.
Well they have made their mark......!
Unfortunate timing, total misreading of the market, ambitions above the capacity of the brand, yes to all, to some extent, but how do they turn it around before the inevitable sell off or management buy out.
They can't be profitable and survive just making one off's for the mega wealthy, there must be a backbone of steady turnover selling affordable cars to enthusiasts......
Which is where MMC were pre Italian takeover and is what kept them in business for so long........................!!!!!!!!!!!!!!!!😤🤬
Very interesting post....
