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

19 plate hi spec Plus 6 , hard and soft tops, Speedster wheels, sport and winter tyres, full Morgan history, 30,000 miles, offered £43,000 from a main dealer against a £75k lotus. Another dealer offered £45,000 against a £100,000 24 plate plus 6, and it’s no surprise that another dealer in North west, didn’t even want to PX it as he said market dead, no second hand ones selling, only brand fire new ones that are being bought by new to Morgan customers are selling.

I did ask If the higher milage had much to do with price. He said if it had 1000 miles on it, he still wouldn’t offer me much more.

I had that itch we often get after a couple of years!!

But my itch, not that itchy to take a 30k hit over 24 months.

May as well get back to enjoying it, by doing loads more miles in it without being precious, seeing as the proof is out there that it’s no better at residuals than a Vauxhall Vectra was in the 1990s.

That's a heck of a hit, enjoy your Six.

This is much the same story we are hearing indeed some dealers are not taking the CX into their showrooms to sell because they haven't space, £30K hit on a CX as it rolls off of the fore court is a big one.

If anyone wants a 1953 Plus 4 Flat Rad with trialling history and in very good order for £30k private message me please.

If the plus 6 is a nineteen plate but you've only had it two years, that means you paid about 75k for the car which was 3 years old? Doesn't that mean the first owner hardly lost anything at all? Or have I completely misunderstood your post (not unusual for me!)?

It was a Morgan Press car, they owned it, I was first private owner.

I paid £72 k

Browsing the t'interweb it appears that most cars will lose up to 70% of their value after 5 years. Seems that Morgans are no different these days, perhaps a little better than average, but not much.

The Morgan market does seem pretty slow at the moment looking at dealer stock.
The depreciation doesn't seem too bad when compared to 'normal' cars, it's just that we're used to trad depreciation of old, (or lack of).
I think that the marketing and sales strategy of the Italians, combined with an entirely new model, coinciding with a slow down in the mid life crisis car market, will ensure depreciation is ongoing and pretty savage..........🤷🏻‍♂️

That is VERY interesting and I have noticed that CX values don't seem to be holding up as well as they should. But what about Trads, are they showing the same rate of depreciation or is there still a demand for them?

Views welcome.