Read to Know the Luxury Car Market 2021 Expecting Huge Demand in Upcoming Years

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Read to Know the Luxury Car Market 2021
Expecting Huge Demand in Upcoming Years
A four-wheeler is a necessity in todays life, be
it day-to-day commute or long-distance haul.
Pre-owned exotic cars are gaining popularity
rapidly, and the luxury car market expects huge
demand in upcoming years. Reliability and comfort
are two key factors while opting for luxury cars
in India, and generation Z is always on the
lookout for exciting options while buying a car.
The luxury segment has become affordable due to
the availability of new dealerships and an
ever-increasing network of service centres. Be it
BMW, Audi, Mercedes, and the like, car
manufacturers have shifted their focus on
affordability and accessibility to premium
features. The luxury car market is on the rise
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Indian roads and highway infrastructure has
improved manifold over the years, leading to
smoother connectivity to remote, suburban areas
and unexplored destinations. This has boosted
the morale of luxury car manufacturers. According
to a study conducted in the year 2020, the
Indian luxury car market was valued at over 1
Billion and is expected to cross the 2 Billion
mark by 2026. Pre-owned luxury SUVs are gaining
more popularity in particular because of more
space and high performance in tough
conditions. Why are people choosing luxury car
brands? The easy availability of pre-owned
premium cars made it possible for people to try
out these maintained cars first before going for
the real deal. People choose luxury car brands
because of better financing options, lower
prices, and better facilities at dedicated
dealerships. Dealerships like Mahindra First
Choice offer rigorous testing on used luxury cars
for sale, and paperwork is done seamlessly,
which attracts consumers more than before. Key
points highlighting the increasing demand are

• Affordability of used luxury cars
• Smooth after-sales service by dedicated
  dealerships
• Easy availability of loans and finance
• Hassle-free paperwork
• No extra import tax or duty as compared to brand
  new luxury cars
• Also read How to buy your dream luxury car?
• Future demand for luxury car brands
• Used Mercedes Benz cars or pre-owned Audi cars
  are two of the most popular and affordable cars
  currently ruling the Indian market overall. The
  demand for other cars such as used Lexus or
  Porsche is more concentrated in big metropolitan
  cities where big businesses thrive well. The
  current Covid situation has proved to be a
  setback for luxury carmakers. Still, industry
  specialists are positive that the demand will
  rise owing to more affinity towards the personal
  vehicle and a wanderlust that will take over the
  youth after being locked into their

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houses for prolonged periods. According to an
estimated projection, luxury car brands will see
a rise in demand in the coming years which is
attributed to the following factors

• Top manufacturers introducing new features
• Relaxation on automobiles sale/purchase by the
  Indian government
• Better financing through different channels
• Attractive design and improved comfort
• Lower resale time of new vehicles, which means
  more pre-owned cars available than new ones
• Entry-Level Luxury Cars in India
• In this segment, entry-level luxury cars are
  covered. Lets take a look at some of the popular
• cars to watch out for
• For more info read this article
• https//wheelyfine.com/luxury-car-market-2021-tren
  d-demand-top-brands/