Luxury Cars Knowledge

BMW 3 Series is the best-selling second hand luxury car in India in recent times. Although the sales figures for brand new units took a sharp dip during the first wave of the Covi-19 pandemic, the demand for used BMWs grew suddenly as a majority of owners started selling their cars for a better option, and subsequently, the demand and supply gap decreased rapidly. In the Indian luxury car market, the demand for used or pre-owned luxury cars is steadily growing due to many reasons. First and foremost, after the pandemic, people are willing to buy more individual cars for commuting, keeping in mind the social distancing norms in place. Moreover, since the depreciation cost of brand new cars is high, people are opting for used cars that were produced or bought first hand within the 4 to 5-year duration (2016 to 2021). People have now realized that not only the luxury cars help them make a statement in their social circle, but also are more reliable and safe in the long run.   BMW manages

A common question that crosses the minds of consumers while looking for a brand new car can buy a used luxury car is a good decision. Consumers today are more connected and more aware of the latest trends in the automobile sector. With the major players trying to maintain their stronghold and new global players entering the Indian domestic market, the competition has upped a few notches. This has resulted in competitive pricing and a plethora of options for everyone. Indian car enthusiasts are shifting from the regular premium car segment to the luxury car segment because of the fall in prices due to the competition we talked about. Convenient financing options have allowed consumers to break down a major chunk of the money into easy EMI’s for buying luxury cars. Moreover, the entry-level luxury car segment has evolved considerably with automakers introducing more variants in that segment and decreasing the choices as we go up. Reduced taxes and excise duties have also helped few debu