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Aug 24th, 2023
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Joined: Sep 2008
Posts: 952 Likes: 89
formerly known as Hugh Jorgan Talk Morgan Regular
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formerly known as Hugh Jorgan Talk Morgan Regular
Joined: Sep 2008
Posts: 952 Likes: 89 |
At the risk of repeating myself and becoming founder member of the Peter fan club, once again you are absolutely right.....😆😆
There are so many factors at play which might be influencing the current Morgan market. Ageing owners, interest rates, financial nervousness, financial insecurity, plummeting CX values, a lack of 'new' owners............ I'm sure everyone can add a few more reasons.....🤷🏻♂️...or say I'm totally wrong...!
I will say that I have made money on Morgans in the past when I've sold them, but, I've lost on the last couple......BUT.... it doesn't matter, I'm content that there is cost of ownership, a price for pleasure.
If someone has pulled money from a pension or other investment and needs it to go back to fund later life then perhaps that's a bit unrealistic..........
Be prepared to lose 10 or 20% or more if you've got a CX, suck it up and think of all the fun you've had.
If you happen to be in the world of classic Ferraris or Van Gogh's you've probably made some big money, but then again when the market falls, and it will, the losses will be just a big...!
Death and taxes are the only certainties..............as they always say, the value of your investments and the income from them can go down as well as up and you may get as much back as you put in.....😆🙃
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Joined: Aug 2013
Posts: 15,794 Likes: 14
Formerly known as Aldermog Member of the Inner Circle
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Formerly known as Aldermog Member of the Inner Circle
Joined: Aug 2013
Posts: 15,794 Likes: 14 |
I always thought it was a shame that MMC felt they had to go down the special edition route when they have/had such a unique product. I'm sure that with over 200 Mogs currently for sale on PistonHeads, anything a bit different that might help shift them would be welcomed by dealers and private sellers alike. Interesting: there are only 77 Morgans of all types on AutoTrader....compared with 66484 Porsche cars. But Pistonheads has only 3485 Porsche cars for sale. So, Morgan sellers go for Pistonheads and Porsche sellers go for Autotrader!.
Peter,
66, 2016 Porsche Boxster S
No longer driving Tarka, the 2014 Plus 8...
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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 |
I always thought it was a shame that MMC felt they had to go down the special edition route when they have/had such a unique product. As it works with other companies, the car maker gets extra money for much less extra cost, and the specified small volume mears that the buyer gets better resale. Standard practise with the likes of Porker and Ferrari. Whether it works for the owner of a limited edition Moggie I do not know.
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Joined: Jan 2010
Posts: 1,793 Likes: 47
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jan 2010
Posts: 1,793 Likes: 47 |
I always thought it was a shame that MMC felt they had to go down the special edition route when they have/had such a unique product. As it works with other companies, the car maker gets extra money for much less extra cost, and the specified small volume mears that the buyer gets better resale. Standard practise with the likes of Porker and Ferrari. Whether it works for the owner of a limited edition Moggie I do not know. I think it's a good thing Morgan are trying everything they can to improve their cashflow!
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