|
Forums34
Topics48,364
Posts813,336
Members9,215
| |
Most Online1,046
Aug 24th, 2023
|
|
|
There are no members with birthdays on this day. |
|
|
|
Joined: Jun 2024
Posts: 44 Likes: 3
Just Getting Started
|
Just Getting Started
Joined: Jun 2024
Posts: 44 Likes: 3 |
CX cars are different. Much more expensive and much more complex, and what is apparent is that this move to model year upgrades matters to buyers at this level of cost. When older model year cars become less desired, they will probably depreciate more. The treadmill of wanting the next great innovation is already a factor in more expensive cars, and now it comes to Morgan, and with this comes big ticket prices and big depreciation, along with much fewer buyers at the £100k mark, who are prepared to lose a lot in a short period of time on a toy car. My thoughts on the CX/CXV market are not dissimilar Dave. A smaller market - which at times, Morgan themselves seem unsure as to whom to target (based on both their campaigns and brand collaborations) - coupled with an increase in price and annual changes to the models, would appear to be a play-book instigated by someone, familiar with that approach, from a mainstream maker. To my mind, that is a mistake and I know exactly how I'd approach a challenging marketplace but... well, we know how that goes! Some very wise words from you both there. For me if I do go the plus six route then I want one with traction control and air bags, because the earlier cars are just a bit too lively from what I’ve read. I personally think the Morgan marketing is impressive - it’s glamorous, sexy, modern but with traditional values inferred; I tink they sell a very glamorous lifestyle; better than ANY other marque I’ve seen. But they are expensive, and Morgan now have 4-6month lead times which is significantly less than pre Covid at 3-4years or their heydays of 7years. This negatively impacts values and the fact that the main dealers have many unregistered cars available (some being MY22 cars) shows there is a serious problem. I hope I don’t sound like I’m trying to beat prices down, because I really am not - I absolutely love Morgan; I loved my factory tour and what I believe I will be buying into; because I will buy one at some point soon, but the deal has to be exactly what I’m after.
|
|
|
|
|
Joined: Nov 2015
Posts: 7,910 Likes: 242
Just barreling along Talk Morgan Guru
|
|
Just barreling along Talk Morgan Guru
Joined: Nov 2015
Posts: 7,910 Likes: 242 |
I got a call from a friend who has a P6, he's awaiting his forth radiator and a replacement 'screen, plus they've discovered the swirlpot mounts are bust.
The parts are not ex stock & he wants a non MMC rad if possible, he lent his last burst rad to SiFab and unfortunately we know how that ended
Jon M
|
|
|
|
|
Joined: Nov 2024
Posts: 194 Likes: 29
L - Learner Plates On
|
|
L - Learner Plates On
Joined: Nov 2024
Posts: 194 Likes: 29 |
This may have been said elsewhere, but MMC have a new radiator supply, and I'm going to choose words carefully here; in fact I'll quote the MSCC Chair:
"(Matt Hole) explained to us that after putting the new radiator structure for the pre 25 CX through the tests it will be ready for general supply in a couple of months. They will only fit this new rad when you have a rad problem. There will not be a recall.
He said they had a few already but those would be used for people with multiple failures.
He also explained they were working on a warranty for CX used cars so they were easier to sell. He recognised the loss in value of pre 25 cars and hoped this new scheme might prevent greater depreciation."
MY2023 Plus Six "Rachel"
MY2022 Volvo C40
|
|
|
|
|
Joined: Jul 2015
Posts: 958 Likes: 1
Talk Morgan Regular
|
|
OP
Talk Morgan Regular
Joined: Jul 2015
Posts: 958 Likes: 1 |
FYI - I have called one (non Morgan dealer) about an early Plus Six they are selling. He was blissfully unaware of some of the issues (brakes, rad, swirl pot etc.) the car has and was hoping his warranty would cover everything - that was ultimately his sales pitch!
Some car dealers are now buying CX models off dealer auctions like "Motorway" - the Morgan dealers are auctioning them through that site, to reduce stock levels. These dealers then have no idea what they have purchased and keep saying "but its a lovely hand built car....it was over £100k new". All true but the market and internet drums have been beating?
The car in question - I rang about - was purchased in the mid £70k's and is now up for low £60k's after being orginally advertised at £77k, 16 months ago.....
The issues are not helping the resell value of the CX, the trade now are latching on, they are getting a reputation!
Regardless of this however, I am in the market for a Plus Six and if I can sell the BMW Alpina i currently have (in the For Sale section on this site) - I will purchase a Plus Six!!
Honesty means doing it right, even when no one is looking!
2004 Roadster S1 3.0 V6 gone!
Mark
|
|
|
|
|
Joined: Dec 2011
Posts: 613 Likes: 15
Talk Morgan Regular
|
|
Talk Morgan Regular
Joined: Dec 2011
Posts: 613 Likes: 15 |
I dont understand why the prices at so decreasing in uk. The plus six and plus four are very better than the trad. The brakes problem has been solved and the radiator will be changed under warranty. The early plus six are tricky to drive without esc but the driver should know that.
Last edited by thierry242; 14/06/25 10:38 AM.
|
|
|
|
|
Joined: Dec 2008
Posts: 21,871 Likes: 168
Roadster Guru Member of the Inner Circle
|
|
Roadster Guru Member of the Inner Circle
Joined: Dec 2008
Posts: 21,871 Likes: 168 |
The Plus Six and Four are massively more modern than the Trads, but don't confuse that with desirability.
The appeal of a Trad is because it is what it is. The CX cars lack that appeal, at a much higher cost. If this was so simple, the Trad owners would be lining up at the dealers to change into a CX. Most are not. That's why MMC misjudged the market. They don't care about Trad owners and buyers, because they play hide and seek with a ghostly cohort of wealthy mid 30's with shedloads of money. That's not playing out that well.
DaveW
'05 Red Roadster S1
'16 Yellow (Not the only) Narrow AR GDI Plus 4
|
|
1 member likes this:
bmgermany |
|
|
|
|
Joined: Dec 2011
Posts: 613 Likes: 15
Talk Morgan Regular
|
|
Talk Morgan Regular
Joined: Dec 2011
Posts: 613 Likes: 15 |
Yes i can understand the appeal of the trad. But the plus four and plus six are still looking and still handmade likes the trad. I had 3 trad before the plus four , if i had still my 2004 4/4 i would not be autorized to enter Brussels.
|
|
|
|
|
