Luxury cars and SUVs have their charm in appealing to the large masses
One of the main reasons is the aura, the value, the performance, the advanced technology embedded, and much more that makes these cars a valuable proposition. For a person owning a luxury car, the feeling is unmatched. In reality, though, not all can afford to buy a premium luxury car first hand. The prices are sky-high and, like any new car, the depreciation rates are higher.
Amidst everything, the luxury pre-owned cars in the Trivandrum market picked up speed in sales. The second-hand market has made the affordability of top-end luxury cars come for a reasonable price, alongside easy financing schemes. In the bigger picture, the used luxury car for sale in Trivandrum gave evidence of the change in consumer purchase patterns and the growth of the second-hand car market.
Let us discuss more the present trends that alter the face of the used car market in Trivandrum.
After the Covid-19 pandemic, the surge in premium used cars and SUVs has seen a massive sales push, with more youngsters intending to buy luxury vehicles. With modern technology-led innovations like subscription models and EVs garnering prominence, the demand for used luxury cars is set to rise consistently. The next few years would likely see the ever-popular market demand among young consumers skyrocket with a positive number.
Premium car brands including BMW, Audi, Mercedes-Benz, and Rolls-Royce have a huge upside in pricing. With the presence of luxury used car dealers in the market, they provide the car with the rightful depreciated valuation.
The generation has witnessed digital payment and financial revolution. This has made payments easier allowing for more purchase capacity than ever before. With the rise of NBFCs, financing for a car and unique payment ways have become easier. These digital payment MNFCs use advanced technology to determine the car valuation and offer attractive EMI payback schemes.
Certified pre-owned programs are offered by major car manufacturers. The program allows for a verified check by the manufacturer to assess the condition. A car passed with a CPO is verified with a series of checks including age, mileage, and service record. Once a vehicle is CPO-worthy, manufacturers offer a lucrative warranty and maintenance coverage.
While checking the list of used luxury cars for sale, a car with CPO assurance has a better valuation and assurance that the vehicle is in sellable condition. Despite these cars might cost marginally more than a car without CPO, the assurance guarantee is something that could potentially save the buyer from any unforeseen problems.
With the emergence of the digital revolution, online marketplace and e-commerce businesses have boomed like no other. This is also the case with top luxury used car dealers across Kerala, offering luxury used cars for sale. The ease of doing business has allowed more varieties of cars to choose from.
Additionally, the second-hand car market has made buying and selling a lot simpler than what was the case in the past. Buyers today can compare online reviews and opinions about a specific dealer and choose the best car available according to their choices from these dealers.
Xdrive cars is one of the leading names in Trivandrum that specializes in used luxury car dealerships, and we serve the entirety of the South Kerala region. We offer several finance and payment options, something that appeals to Gen Z buyers.
Car segments or the types of cars have transformed from one generation to another. Back in the 80s and 90s, Maruti Suzuki established itself as the car bearer for every middle-class Indian. The paradigm shift slowly changed from generation to now being luxury sedans and SUVs ruling the roost.
Let us check out all segments and the market demand in the second-hand luxury car industry today.
Sport Utility Vehicles or SUVs have larger space and passenger capacity. The cars are all-rounders with the ability to travel in different road conditions. In the context of market trends, SUVs have emerged as one of the most popular types of cars in the second-hand market. With luxury SUVs from Audi including the entirety of the Q-series among the leaders in the segment. Other popular luxury SUVs available in the market include BMW’s X-series class, which comes with a premium finish and supreme ride quality.
Electric Vehicles or EVs have become a norm in India. The sense of preserving the environment has risen to a stage where more next-generation car buyers are vouching for eco-friendly EV cars. While some of the top names like Mercedes-Benz, Porsche, Volvo, and Audi, have already started large-scale EV production, the second-hand market of EV cars from top brands has seen a rise in demand.
Luxury hybrid cars work to balance the demand for EVs and fuel-run cars. Cars such as the Mercedes-Benz GLE, C-Class, BMW XM, and Volvo S90 offer hybrid variants. These are among the top used luxury cars for sale and that come for a far lower price tag in the second-hand market.
These were some trends and types of cars that would rule the second-hand car market in the coming time. The emergence of eco-friendly EV cars and the much more reliable hybrid cars have allowed more options for buyers, coming for a great price tag.
X Drive is a reliable hub for premium used cars in Trivandrum. Our collection of cars from top luxury brands from Ferrari to BMW and many more allows you to choose from the car of your choice. Our comprehensive assistance and assurance ensure you have the best deal while buying your dream car.