As the elderly population in the UK gradually increases, are more people buying Morris Minors as an affordable classic car to enjoy in retirement?
Tim Brennan, Company Director at Charles Wares Morris Minor Centre since 1976, thinks that as there are fewer Morris Minors around, their scarcity makes them a bit more desirable. “They are widely regarded as very practical for everyday motoring while maintaining a classic style,” he said. “Those with pensions and savings are investing in a durable classic that won''t depreciate and will give them a bit of fun in their retirement. Nostalgia is definitely a reason for some owners.
“Younger drivers are also buying up Morris Minors due to the attracton of cheap insurance.
The average insurance cost for a one-litre Vauxhall Corsa is around £2,000 for a 17-year-old. A Morris Minor is said to be in the £700 mark. “Over four years, the savings on insurance will cover the cost of running the car,” he added. “They like to work on them themselves or work on it with their dads.”
It has always been a popular car, according to Mr Brennand. “Everyone and their Uncle owned one at some point and everyone over 40 has had some memory of a Morris Minor. It''s practical and well designed. People like their simplicity. Almost like a throwback to a bygone age, they become family members handed down through generations.”
Designed and built as a low cost car for the masses, in excess of 1.3 million Morris Minors were made. They were never sold as luxury sports cars so their prices were always low.
Zachary Ware, son of Charles, said that one of the reasons his father’s company first saw a market in the Morris Minor was because of the low cost nature of buying, repairing and running the car – key to its popularity then and today.
“A modern car is not aiming at a vintage market,” Mr Brennan said. “It will not have the smell, look or feel of a classic car.” It is this ‘vintage market’ that has proved so lucrative to the Morris Minor restoration specialists, and with an increasing number of over-excited new drivers dreaming of driving something different on Britain’s roads, the Morris Minor is becoming a hit among young male drivers.
Related Articles // More Like This Morris Minor Series (Part Two): the many challenges of restoring a Morris Minor From traditional panel beating and welding to paint re-spraying and trim work, it goes without saying that it would be challenging to restore a Morris Minor to its former glory without some basic meMorris Minor Series (Part Three): the economics of restoring Morris Minors Morris Minors are relatively easy to restore in comparison with other classic cars, but Tim Brennan, Company Director at Charles Wares Morris Minor Centre, believes the majority of people do not res 123 « Previous ArticleNext Article » News 24/7 MotorTrades Insight are now official news providers for NewsNow. Top Stories // This Week Touring Car Legends: new ITV4 documentary to explore history of Britain’s touring car racing. Touring Car Legends, a new three-part documentary series, has been commissioned by ITV4 from producers Gaucho Productions.The series will look back at the history of touring car racing in Britain, m... Ten million motorists have driven without an MOT, new survey reveals. A NEW survey by the SMMT has revealed a shocking number of motorists have driven without a valid MOT. Around 67 per cent admitted driving for up to one week without a valid MOT certificate, whi... Chris Middlehurst wins Protyre Formula Renault Championship after outstanding season. Could the motor racing world have just discovered the next Jenson Button, a star who arguably deserves a Formula One drive more than the dozen-odd pay-to-race drivers in the single-seater sport?Chri... Jaguar Land Rover records best ever July performance with 31,211 sales as China recall hits company hard. JAGUAR LAND ROVER is growing at an exponential rate, thanks to the introduction of award-winning new models and increased growth in emerging foreign markets.July was the best ever on record for Jagu... Ferrari 458 Speciale set for Frankfurt Motor Show debut. The 458 Speciale is the latest product of Ferrari’s core philosophy of extreme technological innovation and research which, in this instance, has yielded powertrain, aerodynamics and vehicle dynamic... Toyota Yaris-R concept to make world debut at Frankfurt Motor Show. Frankfurt Motor Show will mark the world debut of the new Yaris Hybrid-R concept.According to Toyota, it has been created as a showcase for possible future hybrid development ideas that ‘can deliver... Motoring offence fines set for 'significant' increase but more police are needed on roads. New moves by the Government to promote safer driving have been welcomed by ACFO, but the organisation is concerned that the introduction of new offences and tougher fines will prove difficult to enf... Concours of Elegance presents prestigious line-up of classic cars including first Monaco GP winner. With a stellar line-up of around 60 of the world’s most expensive and rarest classic cars on display in the gardens of Marlborough House later this week, Concours of Elegance is set to be a hit with... Millions of young drivers clueless about engine oil. New research has revealed that as many as 21.8 million motorists in the UK do not know that their engine oil expires. A new study by Kwik Fit has found that a whopping two thirds 65 per cent of... Porsche's Le Mans Prototype 1 sees first test drives ahead of 2014 World Endurance Championship. The countdown to the 2014 sports car racing season has begun. Following its successful launch in June on the company’s test track in Weissach, near Stuttgart, Germany, the Porsche LMP1 sports protot... Energy efficiency in the motoring industry: latest infrared paint drying systems can save bodyshops thousands on ut. The latest infrared paint drying systems look set to establish new benchmarks for energy saving and efficiency throughput levels. “Most indigenous spraybooths take five minutes to warm up, requ... Company Info // Get in Touch © Motortrades Insight Limited 2012 - 2013 Tel: 0844 656 1808 Email: accounts@motortradesinsight.co.uk Motortrades Insight Limited trading as motortradesinsight.co.uk Registered Address The Coach House Baddow Park West Hanningfield Road Great Baddow Chelmsford Essex CM2 7SY Company Reg: 07302221 VAT No: 120173663 Links // On The Web >> >> Subscribe to Mailing List >> Advertise on Motortrades Insight >> Motorsport News >> >> Motoring Industry News >> Blog >> Used Car Buyers Guide >> Link To Us >> Ratecard >> Privacy Policy >> Terms and Conditions Twitter // Follow Us Cookies on Motortrades InsightLike many popular websites, Motortrades Insight uses some third party widgets that may set and may have already set cookies, for example the Twitter feed on our homepage. For more information see our cookie policy. By clicking close and continue you agree to our use of cookies.