Festive And Holiday Season Set To Amplify The Pre Owned Luxury Car Sales
As we enter the festive season, the pre-owned luxury car industry is looking toward growth in sales figures. The automobile industry witnessed a drop in the overall sales figure due to the economic slowdown. Other factors like surges in the steel material, supply chain disruptions, semiconductor shortages, etc have adversely affected the supply capacity of the industry. However, the second-hand luxury car market is optimistic with the upcoming festive season expected to drive sales.
The potential consumers wanting their new cars delivered at the time of the festival got discouraged due to the staggering state of affairs. To avoid the unfortunate scenario consumers are exploring alternative options like going for used luxury cars. The car market has registered a growth of 15% CAGR in the first half of 2022 showing promising growth trends. Considering the sharp rise in demand, the pre-owned segment has met the market demand and earned considerable customer satisfaction. If you want to purchase an old luxury car in Delhi during the holiday season, connect with us at Car Giant.
The young and affluent class has become the potential consumer base for this segment. They have substantial disposable income e to fulfill their dreams of purchasing their choice of luxury cars. However, individuals have started preferring to buy used cars as the new luxury cars are exorbitantly priced. The affluent consumers owning cars in the price range of Rs 35-40 lakhs are switching to pre-owned luxury cars.
The pre-owned car segment has learned from the volatile market and continuously made an effort. To evolve its services to accommodate the discouraging market trends. Similarly, the organized players are providing a structural framework to the otherwise scattered segment. Also, the integrated services that include warranties are bestowing faith in the consumers. The current market mix establishes that pre-owned luxury car players will boost sales in the festive and holiday seasons making the sector shine.