Had the Elise evolved more significantly over the period of 2005 to 2011 you might have seen more new purchasers. Most people didn't want to pay the new price premium for LED tail-lights and drive by wire. I am one of the people who actually prefers throttle by cable over throttle by wire. Had the car evolved with greater perks (which were not matched or actually improved on with aftermarket parts), I would have been inclined to buy new. The lack of innovation is what reduced the urge to buy new. Had there been a 2010 model with a V6, you would have seen many people sell their older Elise and Exige models to get a V6 Elige. Perhaps an Elige with "IPS" would have sold a few models as well, but I am old school, I like a stick shifter. Most people on the street cannot tell the difference between a well cared for 2005 and a brand new 2011 Elise. I tend to pay for a difference and not a calendar date.
Storm titanium 2005 Elise with carbon fiber spoiler, BWR sway bar, BOE toe links, gPan2, LidBone, sector 111 wheel studs, Grey RAC Monolite wheels with toyo R1R, Team Dynamics 1.4 with Hoosier A6/R6s, Katana2 Supercharger, ECU with 265 flash. PPE headers w/decat, CEL angle eliminator, Silent touch catback, Rear Panel Eliminator, HKS intake, V2 fuel tank, Walbro255 fuel pump. HID lights.