Talk Morgan Forums Community The Malvern Arms Morgan CX trade in prices if interested.

I met someone at our local meeting tonight who's been trying to sell a Roadster for a couple of months in Miscellany...not had a single enquiry

This speaks volumes Paul.. In my 40 years of monitoring them this is unprecedented tbh.. I think they are getting brain washed by the battery people...

Regarding the trads. With a few exceptions, the market for most classic and specialist cars has fallen back considerably in the last year or two.

I think that the large number of unsold cars is also down to owners and dealers failing to accept this and to lower their expectations. I had a quick look at the trad +8's for sale, as it's a model I would consider, and I'd say that many of them need to be reduced by £5k or more to reflect the current market. Some of them have been for sale for months, if not years.

It's a shrinking market anyway, as the number of older enthusiasts dwindle. But high prices also reduce the market. The anti car warriors are also having an impact on the whole Classic Car scene.

Times are changing, and falling values may well increase the numbers for sale, because some owners will knee jerk to try and bale out before they lose money.

Forget about all this and enjoy what you have before the eco warriors get their way.

Oh, yesterday there was an Aston Martin in for test (I was there for my Plus 4 test) which had done 12 miles in the year. That's crazy. I'm no mileage baron, but I do make the most of available time for Morgan driving.

A neighbour seems to have been unsuccessful in trying to sell his 991 GT3 over last winter via SOR, at one time GT3`s were thought to be THE Porsche to own and drive or as a sure fired investment.

As has been typed I suspect the mix of the cost of borrowing has hit the Porsche market and for classics of most types, the marked demand perhaps mostly created by baby boomers over decades may be subject to all of the many aging/financial processes that seem logical to expect with the passage of time...?

Of the 24 cars advertised in June Miscellany, 11 don't even state the location. Must try harder !!

Prices are falling on most cars.
A Morgan sitting in your garage is a chunk of money. You have two choices.
Sell it and get hit on value.
Use the car rather than have it sitting there. Get a return on your " investment" in the form of enjoyment.
Looking at the low mileages on so many Morgans makes me question why they were bought. That adds to the resale conundrum of low mileage so pay more as that " low mileage" carrot becomes a false idea. Expectations of value need readjusting in today's world.

I think that part of the slow down could be that 'mid life crisis man' wants a car from his youth, so fast fords, ferrari's etc from the 90's are more in demand. Car's from the 30's appeal to a totally different demographic.
Many Morgans aren't priced to reflect their current value/worth. Last year's prices seem to be being held on to, perhaps if a dealer owns the stock they can't take the hit, but if it's a private or commision sale, only the 'motivated seller' will move their car on.
Don't worry about depreciation, it's just part of the cost of ownership.

Exactly that Julian, people need to readjust to today I think.

I have said it before that when I buy a toy I amortize it over a three year period as enjoyment/hobby and it's money well spent, any worth the vehicle has after that is regarded as a bonus is my view of it but reading some of the above the older brigade appear to view a Morgan as an investment

I wonder how long some of the dealers can hang on with the drop in sales..?
If they own the stock and have had it since last year, or longer, as some seem to have had, it becomes a huge liability. If the cars are on borrowed money they're even more of a problem.....! They've also got the factory making them take new car stock, and pay for it....!
The SOR cars just need the owners to face the reality of the situation and drop the price if they want to move it on.

Perhaps potential buyers are waiting for the bottom of the market before they buy...!!??
It's an odd market situation, very few buyers and overpriced stock, it can't last, something has to change, but I can't see a massive influx of new buyers any time soon.....🤷🏻‍♂️