Talk Morgan Forums Community The Malvern Arms The high value of old Morgans - Why?

Do you think you will still recover cost when selling considering they are building cars quicker.l know if you dont keep the car too long you can take a hit.

Providing you don't buy new you shouldn't lose much. The cost of buying a new trad I reckon is £10k. I think it's worth spending £10k once for the pleasure and experience of doing it but so far I haven't found the courage.
New cars need some sorting and it takes time.

When I was looking for mine, which was on and off for about two years I realised I didn't see any Morgan 4 wheeler in any near drivable condition from any year less than £15K
It seems to be a sort of price floor that any 4 wheeler hits whatever it's condition- whether that might change either up or down in the coming years remains to be seen - I suspect it might remain the same

Ouch - how to make friends and influence people.

Yes but its not quite as simple as that. The market sets off with a rough idea of what that price should be and then haggles either side of that price. Second hand morgan prices are high because both sellers and buyers believe second hand morgan prices are high. But as supply begins to exceed demand, sellers who need to realise money will cause the price level to erode. You have seen this happen in the new market where new cars are available with a discount, unheard off 5 years ago. You have also seen it in the nearly new market where 5 years ago prices were very similar or even above new car price levels.

What I agree is unlikely ever to happen is really old cars to become valueless like old Fords. Too much of an enthusiasts car for that ever to happen. Just as it hasnt happened and wont happen with TVR or Lotus.

Time will tell.

Indeed, but the pricing model is quite complex.

For volume cars the number of cars sold allows a clear picture of the market price to develop, expectation is close to reality. Furthermore the customers want the lowest price possible. They are commodities and commodity pricing rules work.

In the Morgan market place dealers do all they can to maintain pricing. Private sellers are also trying to get the best price whilst buyers don't have enough information to get a clear picture because there are not enough cars sold. They are not commodities so the same rules don't apply. I'd put Morgan cars, along with some others such as Ferrari and a couple of other brands into the same pricing model as watches, fine art and other collectables.

They are no investments, but they lose less than most other cars and boats. So far.....!

Completely agree with all your points.

Morgan's can't and aren't treated as 'cars' in value terms

Oh....are Morgans cars? I thought that they were a way of life!

Good point - that's why it can't be valued in monetary terms