Why should Morgan be immune from the low demand issue that is affecting all specialist cars at the moment? And just like when house prices fall, you find lots of sellers still advertising at the old market price because they cannot accept that prices have fallen. The result is that sale volumes fall and cars / houses remain on the market even for years.
Its similar with boats. I was once looking for a catamaran, and being a magazine hoarder, I decided to use my stash of old magazines to see how quickly they sold in what was a depressed market. Lots of the boats on sale had been so for several years even in some cases increasing in price. The only ones that had shifted were at below market prices. I was cheeky enough to phone some of the people who had been advertising the same boat for several years to confirm this.
