| Moke Prices to Stabilise |
My prediction for the near future is the general market for Moke prices is leveling out in a sort of correction after the past five or six years of constant increases in value. Perhaps the price guide books might catch up too someday:) Although the odd Moke, or built to order Moke, might surpass the $16k figure, the average road registered decent looking Moke seems to have reached its average of around the $6-7K mark, while the entry level "needs work' is around $3-4K. The number of buyers in the $10-12K bracket is limited and are either more discerning or have enough cash not to be concerned. Rough 'restorers dream' are realistically approaching $1k, while Mokes for parts are around $500. Some of us can think back to buying a driveable Moke for arund $500. There are a few reasons for this view, firstly the Moke has been mirroring the Mini market, just 10 years later, so there is no crystal ball required. The Mini had it is time in the sun about 10 years ago with increasing prices which have levelled out but still see strong interest in the Marque. The buying public is becoming more educated about what is a good Moke and what isn't, and that matches the mini market of the 1990's.. World economy is changing also and the Aussie dollar is not as weak as it was in 2001, luxury items like Mokes(you don't read Luxury and Moke in the same sentence often) are now more carefully considered, especially overseas. The money to be made by buying a 'cheapie' and trying to sell it for a decent price is a lot less as there is not a lot of difference between the entry level price and the average price and the parts aren't getting cheaper, so the sharks are moving on to more lucrative markets. The poor quality ones are easier to spot and money required to do one properly eats up any dreamed of profits. All of this is good for the genuine Moke nut as a more realistic market sets in and some type of normality returns, albeit a bit further up the price scale. The real enthusiast now either are building their own or people are buying others hard work and although the demographic of Moke owners may be changing the percentage of genuine people is getting back to more normal expectations. I expect there will be exceptions, I can think of a few to almost every point I have made, but in general we have enjoyed the ride up and now it time to start to stabilise for he foreseeable future. Terry Check out what others have to say about the article on The Moke Forum |
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