|
10 members (IcePack, Joe Speetjens, Mauli, t50, Sir Percival, RichardV6, MATTMOG, MDS61, DalesPlusFour, DavidR),
337
guests, and
58
robots. |
|
Key:
Admin,
Global Mod,
Mod
|
|
|
Forums34
Topics48,340
Posts812,975
Members9,203
| |
Most Online1,046
Aug 24th, 2023
|
|
|
|
Joined: Aug 2023
Posts: 30 Likes: 5
Just Getting Started
|
OP
Just Getting Started
Joined: Aug 2023
Posts: 30 Likes: 5 |
Finally, age and health conditions have caught up with me and I now find driving the Morgan to be a painful and difficult process. I took the leap and went to look at a more practical option at a local dealer with a view to trading in the Morgan. The dealer was very up front saying he wouldn’t be looking to keep the Morgan but would get it underwritten which may take a couple of days to work out.
I know this time of year is difficult but I was shocked when he came back saying that none of the UK Morgan dealers wanted it or would give a price and the only car trader that had come back to him had made an offer of £22K.
I was expecting a hit but that is bad. I need to review where to go next, the future doesn’t look good for ownership
Has Morgan desirability fallen that low, my car is a 2016 Plus 4 with 20k miles, FSH with power steering, air con, SSL suspension and every option on the Morgan list.
2016 Plus 4 GDI Red/Magnolia
|
|
|
|
|
Joined: Aug 2020
Posts: 2,792 Likes: 161
Talk Morgan Expert
|
|
Talk Morgan Expert
Joined: Aug 2020
Posts: 2,792 Likes: 161 |
Finally, age and health conditions have caught up with me and I now find driving the Morgan to be a painful and difficult process. I took the leap and went to look at a more practical option at a local dealer with a view to trading in the Morgan. The dealer was very up front saying he wouldn’t be looking to keep the Morgan but would get it underwritten which may take a couple of days to work out.
I know this time of year is difficult but I was shocked when he came back saying that none of the UK Morgan dealers wanted it or would give a price and the only car trader that had come back to him had made an offer of £22K.
I was expecting a hit but that is bad. I need to review where to go next, the future doesn’t look good for ownership
Has Morgan desirability fallen that low, my car is a 2016 Plus 4 with 20k miles, FSH with power steering, air con, SSL suspension and every option on the Morgan list. For such an excellent spec'd Morgan you should see much more than that, if you go for a private sale with a keen price. In fairness, I bought from a non franchised dealer my 2012 Plus 4 sport only 4800 miles for £24k in late August. Other similar spec'd car to mine where up for sale in Morgan dealers for £8k to £10k more than that, Might be worth considering going private sale route, You havetaken the first step by making it visible on here.
Last edited by JohnHarris; 04/12/24 08:18 AM.
Prev '12 Plus 4 Sport OZZY
'08 Roadster FELIX
'06 4/4 70th LOKI
'77 4/4 SEAMUS
'85 4/4 MOLLY
|
|
|
|
|
Joined: Jul 2019
Posts: 4,607 Likes: 192
Part of the Furniture
|
|
Part of the Furniture
Joined: Jul 2019
Posts: 4,607 Likes: 192 |
Sorry to read of your situation Steve. Some years back I thought my ever stiffening leg was leading to a situation where I might no longer be able to enjoy my Morgan, though I took up a daily exercise regime which freed things up to the extent that I could access and egress the old Mog with a tad more agility..(-: However my Mog spends more time being appreciated as garage art than it spends being appreciated out on the road, perhaps like many..?
|
|
|
|
|
Joined: Sep 2016
Posts: 1,383 Likes: 56
Has a lot to Say!
|
|
Has a lot to Say!
Joined: Sep 2016
Posts: 1,383 Likes: 56 |
I’ve been following prices for quite a while and notice they’ve all taken quite a tumble. Maybe 20-30% in the last 2 years. Most classic cars are the same and older (pre 60s) cars even worse. Seems the exceptions are classic Fords and genuine Veterans. Pal is trying to sell his collection of late 60s to mid 40s cars and prices ant auction are achieving about half what he paid for them.
2012 Plus 4 in Sport Green. Much comfier than the Plus 8!
|
|
|
|
|
Joined: Dec 2009
Posts: 35,774 Likes: 468
Tricky Dicky Member of the Inner Circle
|
|
Tricky Dicky Member of the Inner Circle
Joined: Dec 2009
Posts: 35,774 Likes: 468 |
Sorry to hear the reason for your sale and wish you luck with a private sale.
2009 4/4 Henrietta
1999 Indigo Blue +8
2009 4/4 Sport Green prev
1993 Connaught Green +8 prev
|
|
|
|
|
Joined: Jul 2007
Posts: 26,747 Likes: 419
Member of the Inner Circle
|
|
Member of the Inner Circle
Joined: Jul 2007
Posts: 26,747 Likes: 419 |
It is the cost to cgane you need to consider not the absolute values. Hopefully the car you want is also in a slump.
JohnV6
2022 CX Plus Four
2025 MG ZS EV aka Trigger
|
|
|
|
|
Joined: Jul 2007
Posts: 28,415 Likes: 177
Salty Sea Dog Member of the Inner Circle
|
|
Salty Sea Dog Member of the Inner Circle
Joined: Jul 2007
Posts: 28,415 Likes: 177 |
Bottom fell out of the market a while ago sadly. Same with classic bikes a neighbour informed me yesterday. Sorry to read medical issues are pushing you in this direction.
Graham (G4FUJ)
Sold L44FOR 4/4 Giallo Fly
'09 Gen2 MINI Cooper ragtop
'90 LR 90 SW
|
|
|
|
|
Joined: Mar 2017
Posts: 2,222 Likes: 20
Talk Morgan Expert
|
|
Talk Morgan Expert
Joined: Mar 2017
Posts: 2,222 Likes: 20 |
Finally, age and health conditions have caught up with me and I now find driving the Morgan to be a painful and difficult process. I took the leap and went to look at a more practical option at a local dealer with a view to trading in the Morgan. The dealer was very up front saying he wouldn’t be looking to keep the Morgan but would get it underwritten which may take a couple of days to work out.
I know this time of year is difficult but I was shocked when he came back saying that none of the UK Morgan dealers wanted it or would give a price and the only car trader that had come back to him had made an offer of £22K.
I was expecting a hit but that is bad. I need to review where to go next, the future doesn’t look good for ownership
Has Morgan desirability fallen that low, my car is a 2016 Plus 4 with 20k miles, FSH with power steering, air con, SSL suspension and every option on the Morgan list. Our local Mini dealership offered me the same £22k for my 2016 4/4 when i was looking at a new JCW. I put it on auto-trader and got £35k, that was summer 2023 though
Craig Jezz
|
|
1 member likes this:
+8Rich |
|
|
|
|
Joined: Sep 2008
Posts: 952 Likes: 89
formerly known as Hugh Jorgan Talk Morgan Regular
|
|
formerly known as Hugh Jorgan Talk Morgan Regular
Joined: Sep 2008
Posts: 952 Likes: 89 |
Market forces are at work. There's no demand and a lot of supply......🤷🏻♂️
£22k does seem pretty low but a dealer has overheads and vat to contend with before they make a profit, if they factor in the current lack of sales and that they might be holding it for months or even years (.....!) they have to protect themselves.
It'll be a struggle to find anyone in the trade mad enough to take a Morgan on in the new market........🤷🏻♂️
A private sale might bring more money but a very competitive price is the only way to guarantee a sale.......
'Has Morgan desirability fallen that low".......... yes, I'm afraid it has.......🤷🏻♂️
Good luck......
|
|
|
|
|
Joined: Nov 2018
Posts: 6,056 Likes: 160
Talk Morgan Sage
|
|
Talk Morgan Sage
Joined: Nov 2018
Posts: 6,056 Likes: 160 |
Dealers also have to factor in the 'warranty' aspect - if a gearbox dies a month after sale, they have an obligation to fix so have to factor in a 'worse case' scenario.
I think Morgans traditionally attracted classic car enthusiasts, and they got older they bought newer Morgans that perhaps required less tinkering and fettling. As this cohort get even older, they are having to ditch their vehicles for something easier to get in and out of. I'm seeing this mentioned quite often on the forum.
The classic car/Morgan enthusiasts still exist, but they'll probably go for an earlier model, with the advantages of being MOT/Tax exempt and easier to tinker with, so anything currently beyond 1984 is of less interest, the market is getting over populated, hence the depression in price.
Purely supposition on my part.
1972 4/4 4 seater, 1981 MGB GT
1984 Harley Davidson Electra Glide, 1990 Kawasaki ZX10
|
|
|
|
|
