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- If we look at the current trend, the premium sedan owners like Toyota Corolla or the Honda Civic are upgrading to pre-owned luxury cars. Even people owning SUVs within the price range of Rs 15-20 lakh are joining this trend of shifting to a more premium pre-owned luxury car. It has been observed that consumers already owning cars like Toyota Innova or Mahindra XUV500 are eying pre-owned models like Mercedes Benz CLA and C Class, the Jaguar XE, and the BMW X1 all in the range of Rs 25-35 lakh. - Source: Internet
- The new-age consumer is thoughtful, and so exists the used cars sector. The long waiting period, and increase in prices of new vehicles, has thus made owning a luxury car at a heavily discounted cost a lucrative alternative. This, however, comes with a risk factor, especially in the unorganised sector. Hence, there have been new players entering the luxury used-car segment to target the customers. In a conversation with Express Mobility, Sumit Garg, Co-founder, and MD, Luxury Ride shares his views about the pre-owned luxury car market trends. - Source: Internet
- For most car enthusiasts, owning a BMW is the ultimate dream. Apart from driving pleasure, luxury is also of paramount importance, especially if you’re planning to use this as your daily driver. The older 3-Series models might be more affordable, but it is a smaller car with less room for rear passengers. Hence, the 5-Series is a much better deal. - Source: Internet
- Here, we have the top five cars which one can buy for between Rs. 45 lakh to Rs. 50 lakh, from top luxury car brands like BMW, Audi, Mercedes-Benz, and Volvo. - Source: Internet
- For just under Rs. 50 lakh, the used luxury car market is full of 2015 Mercedes-Benz S350d models (3.0-litre diesel engine), with around 50,000 km on each, give or take a few. Needless to say, this is a steal deal for such a magnificent piece of luxury and power. - Source: Internet
- The biggest Mercedes SUV is also one of the most luxurious vehicles in the brand’s lineup, behind only the S-Class and Maybach saloons. The GLS, just like the Audi Q7, is a 7-seater SUV, which makes it a brilliant luxury vehicle for family people. Not only does the GLS have a lot of road presence, but the three-point star on the nose demands respects from other vehicles on the road. - Source: Internet
- Although it doesn’t have the same brand value as Mercedes-Benz or BMW, Volvo is still undeniably a brilliant luxury carmaker. The brand is responsible for some of the biggest innovations in vehicular safety, like curtain airbags, blindspot monitoring system, and pedestrian detection system. The company is no slouch when it comes to luxury either. - Source: Internet
- The average time span for procuring and selling a pre-owned luxury car takes approximately 6-8 weeks. At Luxury Ride we ensure a value chain across the lifecycle with our 100 per cent cars that are supported by in-house service, 6-months engine transmission warranty, and one year buying back facility. We enable all India sourcing of vehicles that have undergone through 150 point checks and OEM quality repairs. - Source: Internet
- If we look at the demand portrayed by urban and tier 2 and 3 markets, metro cities have always been the hub attracting large transactions in terms of selling and purchasing pre-owned luxury cars. Though, till date, the metro cities register the maximum purchase, over time the market is making inroads into the tier 2 and 3 cities namely Jaipur, Chandigarh, and Dehradun to name a few. The masses in these cities are showing a preference for high-end premium cars with unmatched performance that comes within their budget. - Source: Internet
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