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Joined: Apr 2014
Posts: 3,547 Likes: 4
Talk Morgan Addict
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Talk Morgan Addict
Joined: Apr 2014
Posts: 3,547 Likes: 4 |
Maybe they simply had to address the state of their financial position and had no choice?
Mark - No Longer driving Archie the Old English Sheep Mog........... 2010 Roadster 3.0 V6 (S3)
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Joined: Aug 2014
Posts: 5,587
Charter Member
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Charter Member
Joined: Aug 2014
Posts: 5,587 |
So the exported cars are going down significantly and those domestic sales are going up in price !
Last edited by madmax; 07/07/16 07:06 AM.
Geneva 2016 plus 8' The Green Godess' 4 side exits .
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Joined: Sep 2014
Posts: 2,308
Talk Morgan Expert
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Talk Morgan Expert
Joined: Sep 2014
Posts: 2,308 |
As has been said good for residuals for fortunate existing owners.. glad I bought when I did..also "lucky" to have a galvanised chassis model...who knows maybe this factor will also help with residuals in future !!!
" I LOVE THE SOUND OF THROTTLE BODIES IN THE MORNING " (ROBERT DUVAL IN "APOCOLYPSE NOW " )
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Joined: Feb 2016
Posts: 2,027 Likes: 23
Talk Morgan Expert
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Talk Morgan Expert
Joined: Feb 2016
Posts: 2,027 Likes: 23 |
Not good news at all, I always feel a Morgan should be sensibly priced to ensure they attract more customers, promote the brand and keep the wheels turning as such to protect the finances.
I do worry that most "average" people wouldn't touch a Morgan with a barge pole, even when looking for a fun weekend car - and that is a shame. Those that would be tempted might be put off if the price ends up being nearly 40k for a base model.. you can buy some serious machinery new for that.
In a few years the cheapest Morgan will be out of reach of many, and I fear this is catastrophic as any good business model must look at who its future customers are going to be.
In my opinion the 3 Wheeler should always try to stay circa 30k (or less), it has been well received and really made the Brand cool/desirable to many who never heard of Morgan before..
I mean the Caterham Seven 160 is £15'995 new...
Last edited by NickCW; 07/07/16 07:55 AM.
Aero 8 GTN #11
"What we do in life.. echoes in eternity."
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Joined: May 2015
Posts: 412
Learner Plates Off!
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Learner Plates Off!
Joined: May 2015
Posts: 412 |
Double whammy for (what I suspect) is the main target market....the cost of toys go up whilst pensions go down.
Perhaps the cost of Ash wood has gone up as a result of Ash Dieback Disease?
'di te incolumem custodiant'
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Joined: May 2011
Posts: 1,238 Likes: 2
Has a lot to Say!
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Has a lot to Say!
Joined: May 2011
Posts: 1,238 Likes: 2 |
Almost certain to mean £500/year road tax for a 4/4 from 01/04/17 !
Sadly it is beginning to look as if Mr Honda's prediction regarding surviving manufacturers will be proved wrong.
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Joined: Apr 2008
Posts: 11,868 Likes: 138
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 11,868 Likes: 138 |
the Caterham Seven 160 is £15'995 new... That really is a heck of a difference, isn't it?
Tim H. 1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Jan 2011
Posts: 5,366 Likes: 15
Charter Member
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Charter Member
Joined: Jan 2011
Posts: 5,366 Likes: 15 |
I know the Caterham is in a slightly different class from Morgan however, a new Caterham for £16,000.00 is brilliant value even if it is the very basic one. We certainly pay a lot for our wood and leather.
Here for a good time not a long time!! Reg
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Joined: Aug 2011
Posts: 766
Talk Morgan Regular
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Talk Morgan Regular
Joined: Aug 2011
Posts: 766 |
I agree with many of these comments, I personally couldn't justify (to myself) a new Morgan at current prices, as someone said, you can get an awful lot of car for £40k+ A dealer I know said to me before the latest round of increases that in their opinion Morgan's are now too expensive for what they are and are now for 'those that really want them' only. New Jaguar F type from just over £50k for example versus a Plus 4....Shame as it won't attract new market to the brand but I suppose those of us who already own will see good residuals continue, every cloud.
Paul
Tuftie66 2008 Claret Red +4 Sports 2016 Mazda CX-3, Sport AWD.
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Joined: Apr 2011
Posts: 8,014
Posting Desperado Talk Morgan Guru
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Posting Desperado Talk Morgan Guru
Joined: Apr 2011
Posts: 8,014 |
Just about to do a new valuation on mine as its needed doing for a couple of years . Even an old one if damaged has to pay the new full price for parts .
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