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Car Forum / UK Car Forums / Classic Cars (UK group) / April 2005If (When) MG Rover go bust will I still be able to get spares for my MGF?
Ive got an S Reg MGF and I was just wondering if the death of MG Rover will mean parts become impossible to get or if other companies will just end up buying the rights and manufacturing spares? ...MG Rover is not the first company to go to the wall, so what has happend in the past? Also, I will be selling it this summer and current cars for sale in Auto Trader etc suggest that I could probably ask £5k for it, but wondered if the MG Rover situation would have a dramatic affect on the price - if so how much? Thanks for any help David Bevan http://www.davidbevan.co.uk > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > will mean parts become impossible to get or if other companies will > just end up buying the rights and manufacturing spares? Rover buy the parts from other companies anyway and most will be used on more than one model. In short, as long as there is a market for them you will be able to get them. I can't forsee there being a problem. Even body panels are available for long gone models of car. http://www.snydersantiqueauto.com/ > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > will mean parts become impossible to get or if other companies will > just end up buying the rights and manufacturing spares? There are loads of spares available at the moment, loads of suppliers for everything from gearboxes to plug leads. Shouldn't be a problem. The only things that night get hard to find in 3-4 years is things like minor trim items, headlining, door handles etc but even these will be available from dismantlers for years to come. There are a lot of Rovers for sale in my local paper, far more than usual, looks like some people are dumping them - time for a bargain if you're looking in a couple of months. > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > will mean parts become impossible to get or if other companies will > just end up buying the rights and manufacturing spares? THe company who run the spares division stated that they have £40 million worth of stock.  SignatureConor "Of all the things I've lost, I miss my mind the most." O.Osbourne. >> Ive got an S Reg MGF and I was just wondering if the death of MG Rover >> will mean parts become impossible to get or if other companies will >> just end up buying the rights and manufacturing spares? >> > THe company who run the spares division stated that they have £40 > million worth of stock. Enough for about 1 months worth of spares then if my coupe is anything to go by ;-) >>> Ive got an S Reg MGF and I was just wondering if the death of MG Rover >>> will mean parts become impossible to get or if other companies will [quoted text clipped - 5 lines] > Enough for about 1 months worth of spares then if my coupe is anything to > go by ;-) Well......... yes. I work for a firm that has £1.5 million of spares in its stores and it only services a small park of vehicles mainly based in Cardiganshire. £40m of stock for a National park of volume built vehicles is probably the very minimum that they can get away with from day to day with not too high a percentage on back-order. Expect immediate availability of non dealer stock items to seriously deteriorate in the medium term. This is particularly bad news in the car industry because dealers and Caterpillar logistics tend to keep the minimum possible stock items and they have got away with this for so long. In the longer term then the dust will settle and the OEM's and others will continue to supply faster moving parts through the likes of Partco though probably not through Cat logistics to dealers because the manufacturer and dealer infrastructure no longer exist. My franchise [not Rover] also use Cat and the manufacturers policy means 24 hour delivery of most urgent parts for vehicles up to 30 years old but I seriously doubt that Rovers stock of £40m allows for more than one or two of each slow moving parts. Most of these will be replenished as used of course but some less common items will become increasingly difficult to source new at a relatively early stage if the OEM also fails. I am thinking here of major engineering assemblies and electronic systems perhaps. Huw > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > will mean parts become impossible to get or if other companies will [quoted text clipped - 7 lines] > wondered if the MG Rover situation would have a dramatic affect on the > price - if so how much? The Times says that residual value is likely to drop by a third almost overnight. Alec > > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > > will mean parts become impossible to get or if other companies will [quoted text clipped - 10 lines] > The Times says that residual value is likely to drop by a third almost > overnight. Oooooooooooo I fancy a dirt cheep MGF > > > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > > > will mean parts become impossible to get or if other companies will [quoted text clipped - 11 lines] > > overnight. > Oooooooooooo I fancy a dirt cheep MGF Entry level at the moment seems to be around £3k for an N-plate 1.8 non-VVC model with 90k on it. However, if you're willing to spend double that you can get a 2 year old TF with 18k on it. SignatureSteve H 'You're not a real petrolhead unless you've owned an Alfa Romeo' http://www.italiancar.co.uk - Honda VFR800 - MZ ETZ300 VW Golf GL Cabrio - Alfa 75 TS - VW Passat 1.8T 20V SE - COSOC KOTL BoTAFOT #87 - BoTAFOF #18 - MRO # - UKRMSBC #7 - Apostle #2 - YTC # >snip > Entry level at the moment seems to be around £3k for an N-plate 1.8 > non-VVC model with 90k on it. > > However, if you're willing to spend double that you can get a 2 year old > TF with 18k on it. While I would cherish one I have seen some very rough ones go through auction, a few seem have been subjected to very bady done colour lurid changes; just like we used to see on old Escort Mk3 cabros --- more to do with the 3rd or 4th owners lack of taste --- I Wouldn't "barge a cheap one with a touch pole !!!" >>snip >> Entry level at the moment seems to be around £3k for an N-plate 1.8 [quoted text clipped - 8 lines] > do with the 3rd or 4th owners lack of taste --- I Wouldn't "barge a cheap > one with a touch pole !!!" You may be forgetting:- There is a whole race series for the MGF MGTF so if it's old and very cheap (Mostly in white) chances are it's spent it's life having it's nuts ranted off round a race track. Beware of low mileage, and crap condition. Andy > "Alec" <alexis2525@REMOVETOREPLYmail.com> wrote in message [...] >>The Times says that residual value is likely to drop by a third almost >>overnight. > > Oooooooooooo I fancy a dirt cheep MGF Buy a TVR - makes *much* more sense. A SignatureTrade Oil in € >>Oooooooooooo I fancy a dirt cheep MGF > > Buy a TVR - makes *much* more sense. > > A TVRs are not suposed to make sense :-) Passats make sense, Fiestas make sense TVRs make FUN ! [...] >> Buy a TVR - makes *much* more sense. > > TVRs are not suposed to make sense :-) Passats make sense, Fiestas make > sense TVRs make FUN ! Fun makes sense, it prevents heart disease and depression. And it's fun :) A SignatureTrade Oil in € >>> Ive got an S Reg MGF and I was just wondering if the death of MG >>> Rover will mean parts become impossible to get or if other [quoted text clipped - 12 lines] >> almost overnight. > Oooooooooooo I fancy a dirt cheep MGF One of the dealers in Birmingham was doing Rovers at half list price. Not sure if that applied to MGs as well , but it's pretty obvious what effect that will have SignatureAlex Hermes: "We can't afford that! Especially not Zoidberg!" Zoidberg: "They took away my credit cards!" www.drzoidberg.co.uk www.sffh.co.uk www.ebayfaq.co.uk > One of the dealers in Birmingham was doing Rovers at half list price. > Not sure if that applied to MGs as well , but it's pretty obvious what > effect that will have Ultimate bargain is on the V8s - Mustang engine and gearbox (so parts will definitely be around a long time), good performance, and I saw a demonstrator advertised at 16 grand, that's half price with 160 miles on clock... Signature"Excuse me, would you mind not farting while I'm saving the world?" "Would you rather silent but deadly?" >> One of the dealers in Birmingham was doing Rovers at half list price. >> Not sure if that applied to MGs as well , but it's pretty obvious [quoted text clipped - 4 lines] > demonstrator advertised at 16 grand, that's half price with 160 miles > on clock... I was seriously tempted by one of the 75 tdi estates. Ok , it's resale value wouldn't be great , but after 4 years and 120k miles I wouldn't be expecting a huge return on it anyway SignatureAlex Hermes: "We can't afford that! Especially not Zoidberg!" Zoidberg: "They took away my credit cards!" www.drzoidberg.co.uk www.sffh.co.uk www.ebayfaq.co.uk >>> One of the dealers in Birmingham was doing Rovers at half list >>> price. Not sure if that applied to MGs as well , but it's pretty [quoted text clipped - 8 lines] > Ok , it's resale value wouldn't be great , but after 4 years and 120k > miles I wouldn't be expecting a huge return on it anyway My thoughts are this - give it two years, that 16 grand V8 will be worth maybe 8 or less, that leaves a lot of money out of my car budget for petrol... And if I manage to stay claim free for the next two years I can insure it too! Signature"Excuse me, would you mind not farting while I'm saving the world?" "Would you rather silent but deadly?" > One of the dealers in Birmingham was doing Rovers at half list price. > Not sure if that applied to MGs as well , but it's pretty obvious what > effect that will have If Rover still has stocks of new cars off the line not yet sent to dealers, I wonder if the dealers can simply bid them a low number? I.e. refuse to pay what Rover wants for them and simply terminate the franchise if they don't sell them the cars for half price? I'm not up to speed on how franchise rules work, but in the case of the dealer you mention, I assume they are liquidating stock with a view to exiting their franchise ASAP. What would be interesting though is if they are taking orders for cars they've not yet bought. I could be wrong here and this is only speculation, but as far as i understood it new cars on a dealers forcourt will not have been paid for by the dealer yet and are effectively the property of Rover. ...But if a dealer sells the car to a customer then it becomes the property of the customer, but the dealer doesnt have to pay Rover for several weeks afterwards. The dealers are probably owed money by Rover and are unlikely to get it, so the best way for them to recover this is to sell Rovers property (the cars) and then refuse to pay Rovers invoices (since their own invoices for warranty claims etc have not been paid by Rover) - in this case the dealer doesnt really care about the usual profit margins and targets, he just wants to clear the stock, recover his money and probably move on. Feel free to rip this theory to shreds! David Bevan http://www.davidbevan.co.uk >> Ive got an S Reg MGF and I was just wondering if the death of MG Rover >> will mean parts become impossible to get or if other companies will [quoted text clipped - 10 lines] >The Times says that residual value is likely to drop by a third almost >overnight. I spoke to a friend of a manager at a large insurer, and apparently last week they were getting dozens of claims for Rovers being "stolen" and torched. Gareth Gareth A. <gareth@nospamplease-attrill.co.uk> realised it was Thu, 21 Apr 2005 11:05:36 GMT and decided it was time to write: >I spoke to a friend of a manager at a large insurer, and apparently >last week they were getting dozens of claims for Rovers being "stolen" >and torched. Doesn't prove anything. What I'd like to know: was there ever a time when they weren't getting dozens of claims for Rovers being "stolen" and torched? Probably not. SignatureY. > I spoke to a friend of a manager at a large insurer, and apparently > last week they were getting dozens of claims for Rovers being "stolen" > and torched. Dunno what they think they'll achieve. They'll only get market value anyway. Signature*A fool and his money are soon partying * Dave Plowman dave@davenoise.co.uk London SW To e-mail, change noise into sound. > Thanks for any help MG Rover went bust several days ago. HTH. Signature"They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety." -- Benjamin Franklin, 1759 >> Thanks for any help > >MG Rover went bust several days ago. > >HTH. You must be a riot at parties ...LOL Stuart Shift THELEVER to reply. <Of Steve Firth> > You must be a riot at parties ...LOL Stuart, I think you meant "cause", not "be". "David" <junk1@davidbevan.co.uk> wrote in message news:fb5d3f6d.0504161249.45603af7@anal.google.com... > Ive got an S Reg MGF and I was just wondering if the death of MG Rover > will mean parts become impossible to get or if other companies will [quoted text clipped - 12 lines] > David Bevan > http://www.davidbevan.co.uk Probably worth about tuppence now boy. Maybe get ?20 for it if you drain the oil and weigh it in. Teddy Rubbberford ============== From Rubberfords Latex Cavern. > "David" <junk1@davidbevan.co.uk> wrote in message > news:fb5d3f6d.0504161249.45603af7@anal.google.com... [quoted text clipped - 18 lines] > Maybe get ?20 for it if you drain the oil > and weigh it in. Well, looking around the used car lots in my area, and a big car supermarket (Fords of Winsford), used Rovers are still on sale at the same price they were a month ago. They will be sold with a used car warranty, spares will be available for years to come. Why should they lose value any more than say a Mk1 Focus that is now no longer produced? Kev >> "David" <junk1@davidbevan.co.uk> wrote in message >> news:fb5d3f6d.0504161249.45603af7@anal.google.com... [quoted text clipped - 25 lines] > lose value any more than say a Mk1 Focus that is now no longer > produced? Because the new cars being cleared out over the next month or so will be cheaper than an 18 month old one was selling for a fortnight ago. Second hand car dealers with them in stock can either drop their prices to below the new cars and sell at a loss , or hold onto the stock at the "normal" proce and wait for things to stabilise. SignatureAlex Hermes: "We can't afford that! Especially not Zoidberg!" Zoidberg: "They took away my credit cards!" www.drzoidberg.co.uk www.sffh.co.uk www.ebayfaq.co.uk >>> "David" <junk1@davidbevan.co.uk> wrote in message >>> news:fb5d3f6d.0504161249.45603af7@anal.google.com... [quoted text clipped - 31 lines] > below the new cars and sell at a loss , or hold onto the stock at the > "normal" proce and wait for things to stabilise. Worth tuppence boy >>>> "David" <junk1@davidbevan.co.uk> wrote in message >>>> news:fb5d3f6d.0504161249.45603af7@anal.google.com... [quoted text clipped - 33 lines] > > Worth tuppence boy You do talk nonsense don't you? It is in the interests of everyone, including the motor trade, to maintain the value of MGs and Rovers. All dealers will be hoping that owners of MGs and Rovers will switch to them when they want to change. Existing owners will not be able to change if their cars are worthless will they? Also, many none Rover dealers will have used MGs and Rovers on their forecourts and will not want to lose money on that stock. I will be very surprised if there is a dramatic reduction in value of Mgs and Rovers. There is absolutely no reason why there should be. Spares are not supplied by the manufacturer and will continue to be freely available for many years. (You can still get spares for Ladas!). Once the fuss has died down and people begin to realise that MGs and Rovers are not going to dissolve just because the company has gone bust, and that spares will still be freely available, then values will remain. Make a reasoned contribution to the thread if you wish - but don't talk rubbish. Kev > >>>> "David" <junk1@davidbevan.co.uk> wrote in message > >>>> news:fb5d3f6d.0504161249.45603af7@anal.google.com... [quoted text clipped - 51 lines] > > Kev In a nutshell: - Receivers need to sell large stocks of cars quickly - Dealers buy cars in bulk at rock bottom prices - Dealers sell cars with huge discounts - Dealers able to move stock quickly and at a good return - Residuals adjusted right down the line. Uno Hoo! wrote: > >> Uno Hoo! wrote: > >>>> > >>>>> Ive got an S Reg MGF and I was just wondering if the death of MG > >>>>> Rover will mean parts become impossible to get or if other > >>>>> companies will just end up buying the rights and manufacturing > >>>>> spares? ...MG Rover is not the first company to go to the wall, so > >>>>> what has > >>>>> happend in the past? > >>>>> > >>>>> Also, I will be selling it this summer and current cars for sale in > >>>>> Auto Trader etc suggest that I could probably ask £5k for it, but > >>>>> wondered if the MG Rover situation would have a dramatic affect on > >>>>> the price - if so how much? > >>>>> [quoted text clipped - 9 lines] > >>> Well, looking around the used car lots in my area, and a big car > >>> supermarket (Fords of Winsford), used Rovers are still on sale at the > >>> same price they were a month ago. They will be sold with a used car > >>> warranty, spares will be available for years to come. Why should they > >>> lose value any more than say a Mk1 Focus that is now no longer > >>> produced? > >> Because the new cars being cleared out over the next month or so will be > >> cheaper than an 18 month old one was selling for a fortnight ago. > >> > >> Second hand car dealers with them in stock can either drop their prices > >> to below the new cars and sell at a loss , or hold onto the stock at the > >> "normal" proce and wait for things to stabilise. > > > > Worth tuppence boy > > You do talk nonsense don't you? It is in the interests of everyone, > including the motor trade, to maintain the value of MGs and Rovers. All > dealers will be hoping that owners of MGs and Rovers will switch to them > when they want to change. Existing owners will not be able to change if > their cars are worthless will they? Also, many none Rover dealers will > have used MGs and Rovers on their forecourts and will not want to lose money > on that stock. I will be very surprised if there is a dramatic reduction in > value of Mgs and Rovers. There is absolutely no reason why there should be. > Spares are not supplied by the manufacturer and will continue to be freely > available for many years. (You can still get spares for Ladas!). Once the > fuss has died down and people begin to realise that MGs and Rovers are not > going to dissolve just because the company has gone bust, and that spares > will still be freely available, then values will remain. > Make a reasoned contribution to the thread if you wish - but don't talk > rubbish. > > Kev In a nutshell: - Receivers need to sell large stocks of cars quickly - Dealers buy cars in bulk at rock bottom prices - Dealers sell cars with huge discounts - Dealers able to move stock quickly and at a good return - Residuals adjusted right down the line. We'll see. I do accept that existing stocks will be sold at a discount. I do not accept that they will be 'given away'. Kev > In a nutshell: > - Receivers need to sell large stocks of cars quickly [quoted text clipped - 5 lines] > We'll see. I do accept that existing stocks will be sold at a discount. I > do not accept that they will be 'given away'. They won't be given away because there will be a point at which they would be worth more as bits than they are as complete cars. Of course, there is the school of thought that reckons the factory only assembled the things because that was the easiest way of ensuring the dealer got most of the bits needed to build the car ;-) Ron Robinson > You do talk nonsense don't you? It is in the interests of everyone, > including the motor trade, to maintain the value of MGs and Rovers. Why? The interests of the buyer is to get the best for the least. If a seller, the maximum they can get. I personally don't give a stuff about the 'motor trade' since they - in general - don't give a stuff about me. Supply and demand, Kev. Thought you were a Tory? Signature*In "Casablanca", Humphrey Bogart never said "Play it again, Sam" * Dave Plowman dave@davenoise.co.uk London SW To e-mail, change noise into sound. >> You do talk nonsense don't you? It is in the interests of everyone, >> including the motor trade, to maintain the value of MGs and Rovers. > > Why? The interests of the buyer is to get the best for the least. If a > seller, the maximum they can get. Exactly - and the seller is the motor-trade. That's why they wont want to see residual values on MGs and Rovers fall through the floor. They have existing new and used stock that they have already paid for and they will lose out if they start 'giving away' these cars. They will also want to sell alternative replacements to existing MG and Rover owners and they will find that hard to do if residuals on MG/Rovers collapse. > I personally don't give a stuff about the 'motor trade' since they - in > general - don't give a stuff about me. > > Supply and demand, Kev. Thought you were a Tory? I am - and it's supply and demand that will ensure that residuals on MGs and Rovers don't collapse. Once the fuss has died down and people realise that MGs and Rovers are still driving around and parts are still freely available they will still prove an attractive second hand buy for some. People wont suddenly stop buying used Mk1 and Mk2 Passats when the new model comes out in June. People still buy used Sierras and Cavaliers - even though they have not been produced for years. Kev >>> You do talk nonsense don't you? It is in the interests of everyone, >>> including the motor trade, to maintain the value of MGs and Rovers. [quoted text clipped - 21 lines] > model comes out in June. People still buy used Sierras and Cavaliers - > even though they have not been produced for years. Haha! One of the reasons Rover went bust was that no one wanted their cars... so much for the demand side factors propering up the RVs. They won't plumet as they have an intrinsic value - spares at least! But they will drop further. Scott > Kev >>>> You do talk nonsense don't you? It is in the interests of everyone, >>>> including the motor trade, to maintain the value of MGs and Rovers. [quoted text clipped - 24 lines] > Haha! One of the reasons Rover went bust was that no one wanted their > cars... so much for the demand side factors propering up the RVs. Wrong again. Whilst it is true that not sufficient people wanted their cars, to say that 'no-one' wanted them is clearly incorrect. There are now limited stocks to shift and there will be enough people who want Rovers who will buy them. I went with my son yesterday as he was picking up a used car that he had just bought (Passat not Rover - although not a patch on my 75!). I spoke with the owner of the used car dealership about the situation with Rover and he told me that he had just been out to auction that morning and bought three Rovers. He said they are popular with used car buyers and he has no worries at all about selling them. Now that doesn't sound to me like someone who feels that Rovers are going to become worthless. Does it to you? > They won't plumet as they have an intrinsic value - spares at least! But > they will drop further. We'll see. I certainly see no evidence of that to date. Kev >>Haha! One of the reasons Rover went bust was that no one wanted their >>cars... so much for the demand side factors propering up the RVs. > > Wrong again. Whilst it is true that not sufficient people wanted their cars, > to say that 'no-one' wanted them is clearly incorrect. What it partly boils down to is this: There is one set of people in this country who simply cannot recognise that the quality of Rovers is pretty much the same as many other cars around today. As though the hundreds of millions put in by BMW achieved absolutely nothing, which really doesn't necessarily make a lot of sense. There is another set of people who are perfectly happy with their Rovers and MGs. The first set of people, which includes some of the press, seem very happy to bad-mouth Rover yet don't seem to bat an eyelid when someone like Mercedes-Benz issues a recall on more than million cars, as happened recently. A "fault remedy in response to customer dissatisfaction" is branded a "product enhancement campaign toward ensuring continued customer satisfaction". In other words, negative news on Rover always seems to carry a lot more weight than negative news relating to other car manufacturers. How much responsibility for the failure to overcome that hurdle lies with Rover's ineffective advertising and brand promotion, I'm not sure, but the odds have often been stacked against them rather unfairly in my view. Michael >>>Haha! One of the reasons Rover went bust was that no one wanted their >>>cars... so much for the demand side factors propering up the RVs. [quoted text clipped - 24 lines] > ineffective advertising and brand promotion, I'm not sure, but the odds > have often been stacked against them rather unfairly in my view. I couldn't agree more. Whilst it is true that apart from the 75, the rest of Rover's range was dated, they had been modified and upgraded over the years and many people found them to be perfectly satisfactory and comfortable transport. To dismiss these cars as 'rubbish' etc is ignorant nonsense. The 75, of course, is still a superb motor car and plenty of road test reviews contain comments such as: "could teach Mercedes a thing or two about refinement" etc. The 75 was developed by BMW and contains many BMW components (even the engines on the diesels). For those who are not badge-obsessed, the 75 made an excellent and economical alternative to the other compact execs on the market - and still does for those with sufficient nouse to recognise a real bargain when they see one! Kev > What it partly boils down to is this: > > There is one set of people in this country who simply cannot recognise > that the quality of Rovers is pretty much the same as many other cars > around today. Exactly - looking at the woes of owners of, say, Renaults to pick an example at random(ish), there are a lot worse cars to own than a Rover. >>What it partly boils down to is this: >> [quoted text clipped - 4 lines] > Exactly - looking at the woes of owners of, say, Renaults to pick an example > at random(ish), there are a lot worse cars to own than a Rover. It's why I wanted to replace the Peugeot with an MG originally. Richard SignatureRichardK - 1980s in a can. http://www.dmc12.demon.co.uk/music/ Retro computing - http://www.dmc12.demon.co.uk/retrotech/ Cars - 2004 Beetle Cabrio, 1989 Supra 3.0i, 1990 Sera MidiGuitar, Enterprise 128, AU/X. Apple 77-04. See links ;) > Wrong again. Whilst it is true that not sufficient people wanted their cars, > to say that 'no-one' wanted them is clearly incorrect. There are now limited [quoted text clipped - 5 lines] > three Rovers. He said they are popular with used car buyers and he has no > worries at all about selling them. I too have been to the auctions this week, I'm looking to pick up a cheap TF, and I suspect your dealer bought the three Rovers as a bit of a gamble. A good percentage of the Rovers I saw going through the auction didn't reach their reserve, a clear indication that dealers weren't prepared to pay much for them. Those that did sell went very cheaply, probably to people who felt able to risk the outlay on a bit of speculation. I was unlucky, there were only a couple of TFs one failed to meet it's reserve and the other was older than I want. Let's face it your dealer isn't going to buy three Rovers and then stand there and tell you that he hasn't a hope of shifting them and I'm sure at the right price he'll find buyers. SignatureRegards Nick > >> You do talk nonsense don't you? It is in the interests of everyone, > >> including the motor trade, to maintain the value of MGs and Rovers. [quoted text clipped - 21 lines] > in June. People still buy used Sierras and Cavaliers - even though they have > not been produced for years. It was supply and demand that killed MG Rover. They were supplying cars that there was no demand for and as a result the whole company, not just the residuals, collapsed! I bought an MGF because I wanted a small two seater convertible, if I'd seen an MX5 or MR2 at the right money in the right condition I wouldn't be driving the MGF now, my decision was purely financial not from any sense of brand loyalty. I know spare parts aren't going to be an issue but I'm under no illusion about my cars value. The cars you're talking about, Sierra and Cavalier, are old cars and cheap, really cheap, you can buy one for a couple of hundred quid and both Ford and Vauxhall are still in business! My dad recently sold his 1995 Sierra 2.5 V6 Ghia, it had A/C, Cruise, full leather and all the extras, it had done 45,000 miles and had a FSH. He sold it for £450, you couldn't put 4 new tyres on it for that money! People will pay hundreds for something obsolete but who in their right mind will pay thousands? As soon as the new pricing structure is announced I've asked my local dealer to call me, I'd be happy to buy a TF but it has got to be at the right price, too high and I'm not interested. Pricing was part of MGRs problem, when I went to the dealers they had a TF in the showroom at £18,600 just down the road I can get a brand new Subaru Impreza WRX on the road for £15,450, MGR are going to have to do something pretty special with the prices to make people buy them now, something so special that rock bottom residuals won't put them off. One of the MGR dealers near me has already moved all the MGR cars out of its showroom, to who knows where, and is now selling Kia models, as far as they are concerned MGR is dead and it's business as usual. SignatureRegards Nick |
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