Talk Morgan Forums Community Vehicle Talk (non-Morgan) pondering selling the fezza - but unsure

To answer the OP's original question. Flog it now.

The current state of the classic/specialist market is a permanent re-adjustment in my opinion.

There are more factors in play than a simple "recession" and , with few exceptions, prices won't recover to previous levels.

You are right of course. A pal owns a Ferrari 360 than now has more than 150k on the clock and is a daily driver. Used like that its very reliable - Ferrari engines are way better than recent Porche and the ally bodywork seems to last well. Car isnt worth much of course but so what? I definitely got it wrong mileage wise.

Thats the asking price Clipper. You can buy decent ones for a fair bit below that. And would be better off with a 360 which has improved mechanicals and doesnt have the rusting steel bodywork.

Howard,

We have all been there, every time I look at getting a Morgan I allow low mileage to over influence (all other things being equal) the buying decision. Invariably it usually means months of sorting things out and of course extra costs. to get it right, which I'm sure a higher mileage car would most likely have been more sorted. A Ferrari is for many a considered purchase and its understandable when people want to maximise their value. unfortunately that often means not using them as much as they would like.

Yes. On any rational basis, the average 1000 miles pa that my car has done over the 22 years of its existence is ridiculous

We have had recessions in the past and the classic car market has recovered, but when it does recover it tends to follow a different trend/focus each time eg we have seen in the past at different times had un restored, restored and racing heritage cars become the new de rigor following a recession and previous rising stars become dogs as far as value is concerned. Do you remember when people ploughed money onto restoring cars and you could still make money then the recession in the late 80's early 90's (from memory) came. When the economic recovery mode was back in full gear you could pick up a restored car for peanuts compared to the restoration costs as unrestored original cars and pre '55 cars that qualified for the Mille Miglia were in high demand, the market focus had changed completely. There may well be different factors playing into the mix this time, which may lead to a more permanent down grade eg interest rates may still remain higher than recently, Government taxation focus may change and public perception of carbon belching dinosaurs may become less tolerant.

I was following a Rover 10 the other day along Blackpool prom and we held back further as the exhaust fumes from an immaculate car where quite repugnant as we followed it................

We have had recessions in the past and the classic car market has recovered, but when it does recover it tends to follow a different trend/focus each time eg we have seen in the past at different times had un restored, restored and racing heritage cars become the new de rigor following a recession and previous rising stars become dogs as far as value is concerned. Do you remember when people ploughed money onto restoring cars and you could still make money then the recession in the late 80's early 90's (from memory) came. When the economic recovery mode was back in full gear you could pick up a restored car for peanuts compared to the restoration costs as unrestored original cars and pre '55 cars that qualified for the Mille Miglia were in high demand, the market focus had changed completely. There may well be different factors playing into the mix this time, which may lead to a more permanent down grade eg interest rates may still remain higher than recently, Government taxation focus may change and public perception of carbon belching dinosaurs may become less tolerant.

I was following a Rover 10 the other day along Blackpool prom and we held back further as the exhaust fumes from an immaculate car where quite repugnant as we followed it................