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Joined: Sep 2011
Posts: 14,723 Likes: 149
Member of the Inner Circle
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Member of the Inner Circle
Joined: Sep 2011
Posts: 14,723 Likes: 149 |
The discussion as to what was the last "true" Morgan will continue every time there is a radical change of design. I met someone who claimed the last true Morgan was the flat rad 
Peter
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Joined: Sep 2009
Posts: 7,342 Likes: 91
Talk Morgan Guru
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Talk Morgan Guru
Joined: Sep 2009
Posts: 7,342 Likes: 91 |
We now know how M3W owners felt when the 4 wheeler was introduced
:-)
Will  very empathetic
'14 4/4 graphite grey
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Joined: Dec 2008
Posts: 21,866 Likes: 167
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,866 Likes: 167 |
At some point the cost/affordability graph crosses the unsaleable line.
Of course the profit line by unit by selling price also impacts on this.
So providing Morgan don't cross the threshold, they'll be fine, even with smaller numbers being produced at higher values.
I'm glad I'm not in charge.
DaveW '05 Red Roadster S1 '16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: May 2010
Posts: 9,285 Likes: 69
Needs to Get Out More!
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Needs to Get Out More!
Joined: May 2010
Posts: 9,285 Likes: 69 |
I agree DaveW. At some stagethe profitability would plateau out as trad volumes decline. How many younger people would buy them? The niche market is a precarious one. I think the reintroduction of thd M3W gave MMC a boost to help maintain volume/profit but on a relatively short term only. A good move too despite the less than perfect development work (seemed a rush). It reminds me of the Triumph Acclaim scenario.....interim collusion with Japanese to ease decline and allow time for newer models to be developed. I hope MMC can continue the current trad for a long time as an option. Not thatI think the tradis doomed! Too many ifs and buts in the equation.
Plus Four MY23 Furka Rouge
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Joined: Jan 2009
Posts: 5,877 Likes: 20
Charter Member
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Charter Member
Joined: Jan 2009
Posts: 5,877 Likes: 20 |
• It is clear to me that Morgan have totally forgotten their beginnings, other than the look of the cars, and are now catering to the 1%.
They have to focus on the 1% and new customers as 99% of Morgan owners buy a second hand Morgan and do not spend any money at MMC. MMC is not a charity run for the benefit of the existing Morgan owners. So doesn't that tell you that 99% of Morgan owners either can't afford or can't justify the expense of a new Morgan? That is an exaggeration but there is some truth in it. No. Why buy "new" when it looks exactly the same as "old", and particulalry when the old look is what people buy trads for. Mass manufacturers spend millions making sure that the new model looks different to the one it replaces. MMC spend thousands making sure the new model is little different to the one it replaces
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Joined: Apr 2008
Posts: 11,854 Likes: 137
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 11,854 Likes: 137 |
The "1%" bit is what concerns me a bit about MMC's business strategy. They seem to be deliberately shrinking the size of their potential market by driving the price of their cars up to levels which are pretty unattainable by mere mortals.
How are new Morgans purchased? I would guess that few are financed, and either depend on people cashing in part of their pension pot or are paid for out of other savings. To be in the top 1% of earners you need to be on an income of > £140k/year. How many people are there who would consider parting with over half a year's salary on a toy? Or looked at another way. what proportion of an average person's pension pot does £80k represent?
Caterham on the other hand can still offer an 'entry level' car at under £30k and a much more youthful appeal. I bet there are 10 times as many people out there with enough money and desire for a traditional British sports car who can afford Caterham prices rather than Morgan.
I shan't be selling my Morgan or buying another sports car, but if I were 40 years old again (the age when I bought my car) I don't think I'd be considering anything other than a Caterham.
Tim H. 1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Dec 2011
Posts: 1,943
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Dec 2011
Posts: 1,943 |
Morgans seem to hold their value more than Production cars. This offsets the high entry costs to some degree. Morgans are not just transportation. They have a special niche. I used to have a Sail Boat. Now I have a Morgan and a Ski Cabin in the mountains. Now will Morgan's loose this "Special Niche"? Now that the Morgan Family is no longer in control. That is the $64,000 question.
Button
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Joined: Jun 2014
Posts: 11,610 Likes: 43
Wave & smile... It's a Morgan Member of the Inner Circle
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Wave & smile... It's a Morgan Member of the Inner Circle
Joined: Jun 2014
Posts: 11,610 Likes: 43 |
My take on it is this
I think one of the main reasons that Morgan still sell any cars at all is that they are the antidote to modern bland ubiquitous tintops of all sporty varieties both in ownership and aesthetics
It’s sort of joining a nonconformist club that isn’t rediculous nor particularly showy of wealth nor invites envy but is a little esoteric and is certainly a bit of a pose
Just look at the list of the famous and wealthy that have bought and tried Morgans over the years. They haven’t bought them because they are exclusively expensive like buying a Rolls Royce or Ferrari because they aren’t that expensive. They haven’t bought them because of their performance as sports cars because they could buy a Porsche instead, or several if they wanted.
They’ve bought them because of the looks
Peter Jones, Simon Cowell, Jonathon Ross, Paul O’ Grady to name a few
The new chassis married to a trad body will just allow Morgan to continue making a 4 wheeled traditional looking typical Morgan to the old aesthetics after legislation has killed off the viability of the old chassis because it can’t cope with newer power plants and safety features
2008 XXVII Platform, Bugatti Blue Roadster 4 Seater
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Joined: Mar 2009
Posts: 3,665 Likes: 43
Talk Morgan Addict
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Talk Morgan Addict
Joined: Mar 2009
Posts: 3,665 Likes: 43 |
Stop it Stewart, you're putting me off with that list of buyers! When I fell in love with the plus 8, there was no element of pose. It was simply supercar acceleration at a fraction of the cost of any of the alternatives. No frills, just performance. In fact you had to actively give up what your peer group thought of your choice as the car was so "rural".
I do see that it's quite different these days though. Nick
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Joined: Jul 2013
Posts: 3,658 Likes: 48
Talk Morgan Addict
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Talk Morgan Addict
Joined: Jul 2013
Posts: 3,658 Likes: 48 |
Red Leader
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