May 5, 2021 03:42 PM
About 30,000 units of new luxury cars are sold annually in the country. Older second hand cars are twice as likely to change hands as newer ones. Industry sources say that the reason for this is that customers want luxury at a lower price.
Wanting a better model than the one currently in use, worth more than what is spent, aspiring to be superior .. Psy says to the Versace pre-owned luxury car. Companies say more and more people are buying the old one before buying the new luxury car for the first time. With the repair of pre-owned cars and the provision of quality certification, warranty and finance facility, the interest of the consumers has increased.
Changing in two to three years:
Second hand Cars, Most luxury car owners change their vehicle every two to three years. There are also customers who sell the car without even using it for six months and turn the steering wheel to another new model. Owning a luxury car was a dream in the past. These are now widely available in the market. The price has been halving for more than four years.
If you want a new Lamborghini, you have to spend at least Rs 4 crore. Vasant Motors founder Kommareddy Sandeep Reddy told the Sakshi Business Bureau that a 10-year-old pre-owned car would fetch only Rs 50 lakh. He said old luxury cars are available from Rs 5 lakh. He said he could buy a pre-owned luxury car at a small car price. Jaguar and Land Rover are also available for Rs 10 lakh.
Each company is unique:
BMW sold 6,600 new cars last year. Sold 1,600 units through BMW Premium Selection set up for used cars. It has sold over 10,000 pre-owned cars through these showrooms so far. The best-selling BMW 3, 5, X1 series. Mercedes-Benz claims that 25 percent of the company’s total car sales are pre-owned. The C-Class and E-Class sedans from this company are changing hands a lot.
Audi says used cars are helping to focus on entry-level customers. The company aims to sell every car at least twice. Mercedes-Benz G-Wagon, Range Rovers, Lamborghini Eurus and BMW X7 are hot sellers, says Big Boy Toys, a luxury car retailer.