Talk Morgan Forums Morgan Sports Cars Morgan Plus Four, Supersport & Plus Six (CX & CXV Generation Vehicles) Safety Recall - Brakes

Having had a look at the current used CX cars on offer from the MMC website and Autotrader, I wouldn't say they are holding their value all that well. Some Plus Six's are out there for almost 20k less than a new one. Granted these are the early versions but still...

Also very much depends on extras. Did you check those? I managed to add 12 grands worth to my Plus Four without trying very hard. I haven’t looked but I would say some of those cheaper ones have little in the way of extras plus the old seats etc etc Also what were the retail prices of the basic Plus Sixes 2 or 3 years back?

The first plus six where at 94000 euros hard top included.Two years later
I have paid my plus four the same price.Now the plus four with the same configuration as my car is at 104000 euros.
If i would like to sell my car i would try 90000 euros.

That maybe very true, but it doesn't always follow that the full value of the extra's is reflected in the resale value of the car. Some options maybe highly desirable, others may be just personal taste and may even detract from a vehicle in some people eyes. Secondly, important factory model upgrades like comfort seats may influence the desirability and size of the potential market for a given vehicle and hence its value. I would think the 22 model year cars onwards with very necessary standard upgrades like comfort seats and hood alterations may prove better residuals than earlier models. Time will tell.

100% agree but those with no extras will always be of a lower value than those with extras. Earlier models were also cheaper so not right to compare residuals of those with later models.

Isn't all pricing about supply and demand? Under Peter Morgan supply was kept well below demand thus ensuring great resale prices on used cars.
It seems that currently supply is forced on dealers which must lead to discounts eventually which will feed through to used prices.
On the other hand, the new cars being constructed as they are sustain write off damage very easily so this will restrict supply of used cars presumably?
Unlike the traditional cars still all on the road 70 years or so later, the cx cars have built in throwaway design as is the modern way.
It will be interesting to see. In about 2002 I paid around 22k for a new 4/4. It's being offered by a garage now at 35k. They haven't sold it yet mind!
Nick

Thread drift……who cares about values???! I just want to be able to drive the car I have.

Absolutely, but as the instigator of the drift, it is associated with the current situation. And one of the prime reasons why I purchased my Morgan was due to it's remarkable low depreciation. I just wondered if the current problem, resulting in many of us being rather annoyed, will affect residuals. Time will tell, but I do think that MMC should be rather more generous with compensation; a mere warranty extension will not cut it. And at the end of the day, surely PR is important?

A generalisation I know but extras, particularly at Morgan prices are not reflected in any way pro-rata to their initial cost after a year or two. I doubt such extras would affect retail value more than a small fraction of initial cost. A model change, improved seats for example, included in basic price is another matter though.

Talking of depreciation, my Tesla cost me £49,600 in May 2021.
WBAC offered me £47.600 this week, so £2000 in 14 months.
Used versions, same model, colour, year are offered at £52,500...
BUT a new Tesla is £58,000, delivery not until 2023.....

Supply and demand rule. Simple.