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Wales
by Joske Vermeule, September 1
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Forums39
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Joined: Sep 2009
Posts: 7,435 Likes: 122
Talk Morgan Guru
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Talk Morgan Guru
Joined: Sep 2009
Posts: 7,435 Likes: 122 |
How about a little poll here in the forum to see whether you'd rather get involved in this deal (e.g. Plus Four, 40K for 2 years), or buy a Trad for the same amount?
'14 4/4 graphite grey
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Joined: Apr 2008
Posts: 12,258 Likes: 317
Scruffy Oik Member of the Inner Circle
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Scruffy Oik Member of the Inner Circle
Joined: Apr 2008
Posts: 12,258 Likes: 317 |
Whilst it may help move more new units, it could create a glut of used cars in a few years time that may be in excess of the used car demand. it could be argued that the current supply of used Morgans is already in excess of demand. When I bought my 4/4 in 2000 there were fewer than 40 Morgans available nationally on the second hand market.
Tim H. 1986 4/4 VVTi Sport, 2002 LR Defender, 2022 Mini Cooper SE
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Joined: Jan 2010
Posts: 1,915 Likes: 95
Talk Morgan Enthusiast
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Talk Morgan Enthusiast
Joined: Jan 2010
Posts: 1,915 Likes: 95 |
I just hope these deals help the company to keep going!
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Joined: Jun 2015
Posts: 2,093 Likes: 74
Talk Morgan Expert
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Talk Morgan Expert
Joined: Jun 2015
Posts: 2,093 Likes: 74 |
Auto Xpress have featured it as their deal of the day. They reckon residuals after 3 years/60k miles will be 65%.
Doug 2011 Plus 4 in Rich Maroon
1972 750 “ComDom” sprinter 1958 Triton 650 1992 Triumph Trophy 900
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Joined: Oct 2019
Posts: 5,587 Likes: 603
Charter Member
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Charter Member
Joined: Oct 2019
Posts: 5,587 Likes: 603 |
Always going to be a problem for Morgan .... niche market and selling cars that a succession of owners will be happy to subject to serial restos and will be about cluttering the market for half a century or more. Fine when you're making a small number of simple cars that have their development costs largely amortised a generation ago ...... development costs of integrating complex systems into the latest models will be ongoing as the legislative landscape develops and tech follows it.
Not a problem for the bland-mobile makers ... fashion and built-in obselescence constantly removes their old cars off to the scrapyard leaving the field clear for their new sales..... much harder for Morgan to drive an agressively expansionist sales model
K
Ps ... whatever, my crossflow will sustain its place in my heart whatever the market, as I have it for reasons other than 'residuals' .... same goes for my house, Landy, guitars ... and the Mrs 🙂 .... makes for a calm(ish) life
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Joined: Mar 2009
Posts: 3,825 Likes: 69
Talk Morgan Addict
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Talk Morgan Addict
Joined: Mar 2009
Posts: 3,825 Likes: 69 |
About six when I was looking in the 80's. More than once I arrived to view a car to be told it had sold whilst I was on my journey. There was certainly no looking-then-go-away-to-think-about-it. It will be interesting to see how things pan out. There's a dealer near me offering a really low mileage seventies plus 8 with 4 speed and the lovely narrow rear arches for 27k. Seems really cheap to me. He told me prices on all his lovely selection of impeccable classics had "stabilised". Presumably motor trader talk meaning "plummeted"....
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Joined: Dec 2008
Posts: 22,362 Likes: 353
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 22,362 Likes: 353 |
How about a little poll here in the forum to see whether you'd rather get involved in this deal (e.g. Plus Four, 40K for 2 years), or buy a Trad for the same amount? We all have a different take on the man maths Heinz! When I wanted a 3.7 Roadster and it would have cost my Roadster plus over £30k, for me it made more sense to buy another Trad. Now I could trade in both for a CX but I really don't see any pleasure (the way I interact with my Trads) by having a CX. Would I spend £40k on that deal. NO. I remember surfing cars for sale right back around 2000, and there were always loads of Trads on the market. Especially in winter. There will always be a buyer for a particular Trad, in the same way that I had exacting needs in 2008. The Trads which might stick are those with bland colour/trim options specced by dealers. We've discussed the Trad market several times on here in the past. We also had a discussion about the BMW MINI vs the Classic Mini. I'm rather biased because we've had 4 Classic Minis, and the best was an Almond Green woody traveller. I'm not likely to ever have either but with space, a perfect Mini Traveller would be in my fleet.
DaveW '05 Red Roadster S1 '16 Yellow (Not the only) Narrow AR GDI Plus 4
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Joined: Mar 2009
Posts: 11,529 Likes: 313
Smile, it confuses them Member of the Inner Circle
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Smile, it confuses them Member of the Inner Circle
Joined: Mar 2009
Posts: 11,529 Likes: 313 |
The Trads will find their level, don't panic Mr Mannering!
There's only a small overlap between the Trad market and the CX market. Trads will always have a following. It might not sustain current expectations on residuals, but there are enough old blokes out there to sustain some sort of balance. The question is rather more about whether there are enough rich blokes/ladies out there to sustain CX production, and who want to use a CX as a daily, because as a weekend car that deal makes no sense. I think this is the key to it. They are different markets? (not intending to say that the upgrade path from a trad to a Plus is not entirely valid given it is more comfy?)
Last edited by Alistair; 24/02/24 11:53 AM.
Everyone loves a Morgan. Even me, unless it's broken again.
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Joined: Mar 2009
Posts: 3,825 Likes: 69
Talk Morgan Addict
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Talk Morgan Addict
Joined: Mar 2009
Posts: 3,825 Likes: 69 |
What about a nice morris 1000 traveller Dave? Richard Thorne has what looks to be a perfect one
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Joined: Dec 2008
Posts: 22,362 Likes: 353
Roadster Guru Member of the Inner Circle
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Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 22,362 Likes: 353 |
What about a nice morris 1000 traveller Dave? Richard Thorne has what looks to be a perfect one I never "gelled" with the Minor Nick, and never had one. But I'll tell you what...if I was 40 again with space in the garage I would be looking at that Plus 8 for 27k..........because it would make a perfect rebuild into concours project!!!!!
DaveW '05 Red Roadster S1 '16 Yellow (Not the only) Narrow AR GDI Plus 4
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