Market For Pre-owned Luxury Cars Swells In Hyderabad | Nearby News
Home
Newsletters
Stories
Events
LifeStyle
Business
Administration
Politics
Entertainment
Startups

Hyderabad

Market For Pre-owned Luxury Cars Swells In Hyderabad
According to research by Boys and Machines, about 60 percent of demand in Hyderabad is for pre-owned luxury cars.
G
Guru Prasad
Hyderabad
Fri Feb 18 2022
share via :
Market For Pre-owned Luxury Cars Swells In Hyderabad
A -
A +

Be it the Rolls Royces or BMWs or Porsches, Hyderabad has been seeing an increasing affinity towards high-end, luxury cars. Given that Hyderabad is one of the most happening cities in the country and with an overall abundance among people, the aspirations of Hyderabadis have risen, and many luxury brand companies have opened their showrooms in the city. Also, with younger generations’ interest in luxury cars, sports cars top the aspiration list.


According to research by Boys and Machines, about 60 percent of demand in Hyderabad is for pre-owned luxury cars. There is a going increase in demand, and new models are being preferred. However, as compared to luxury SUVs or sedans, about 60 percent of the demand is for high-end sports cars. Ferrari and Lamborghinis are the most preferred in the city in the high-priced sports car segment.


Boys and Machines opened its outlet in Hyderabad last year, and it has received a positive response from luxury car buyers. Siddharth Chaturvedi, founder of Boys and Machines shares that luxury SUVs are preferred in cities like Mumbai, while in the northern region, the demand is for a mix of luxury SUVs, sedans, and sports cars.


He further reveals that a shortage of chips has helped the used car industry. For the uninitiated, luxury cars are heavily dependent on semiconductors, and this has been delaying the delivery time of new cars. So, now customers are looking at used cars space to fulfill their aspirations of owning a luxury car. Ironically, 65% of luxury used car buyers are between the age of 30-40 years. 20% of women want spacious cars. Also, demand for used luxury cars is supposed to be growing at 35-40% year on year.


Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City

FOLLOW US

Market For Pre-owned Luxury Cars Swells In Hyderabad
Market For Pre-owned Luxury Cars Swells In Hyderabad
Latest Articles
AI Based App Will Make Mismatched Lip Sync Extinct
AI Based App Will Make Mismatched Lip Sync Extinct
Destined To Be An Entrepreneur
Destined To Be An Entrepreneur
Good Times Roll as City’s Party Scene Turns Up the Heat
Good Times Roll as City’s Party Scene Turns Up the Heat
No COVID Deaths In The State Over Two Months
No COVID Deaths In The State Over Two Months
Cyberabad Police Plans of Action to Stop Drug Abuse Among Techies
Cyberabad Police Plans of Action to Stop Drug Abuse Among Techies
Randonneuring Catches on Big Time With Hyderabadis
Randonneuring Catches on Big Time With Hyderabadis
G.O. 111 Effect: Luxury Home Sales Decline
G.O. 111 Effect: Luxury Home Sales Decline
Farmhouses On Outskirts In High Demand
Farmhouses On Outskirts In High Demand
On CCTV: Hindu Man Killed For Marrying Muslim
On CCTV: Hindu Man Killed For Marrying Muslim
Home Loan Interests Hike To Impact Real Estate!
Home Loan Interests Hike To Impact Real Estate!
Related Articles
Good Times Roll as City’s Party Scene Turns Up the Heat
Good Times Roll as City’s Party Scene Turns Up the Heat
No COVID Deaths In The State Over Two Months
No COVID Deaths In The State Over Two Months
G.O. 111 Effect: Luxury Home Sales Decline
G.O. 111 Effect: Luxury Home Sales Decline
Farmhouses On Outskirts In High Demand
Farmhouses On Outskirts In High Demand
Home Loan Interests Hike To Impact Real Estate!
Home Loan Interests Hike To Impact Real Estate!
Rahul Gandhi's Telangana Tour Without Osmania Visit
Rahul Gandhi's Telangana Tour Without Osmania Visit
Mango Surprise For Government Hospital Patients
Mango Surprise For Government Hospital Patients
GHMC To Legal Over Agencies Destroying City Roads
GHMC To Legal Over Agencies Destroying City Roads
GMR Group To Run Hyderabad Airport For Another 30 Years
GMR Group To Run Hyderabad Airport For Another 30 Years
Heavy Rains Bring Flooded Roads, Traffic Snarls, and Power Cuts
Heavy Rains Bring Flooded Roads, Traffic Snarls, and Power Cuts
Hyd Sets An Example of Ganga Jamuni Tehzeeb and Tolerance
Hyd Sets An Example of Ganga Jamuni Tehzeeb and Tolerance
One More HPS Campus In Greater Hyderabad
One More HPS Campus In Greater Hyderabad
Renovated British Residency Now Open for All, But With a Fee
Renovated British Residency Now Open for All, But With a Fee
MMTS Charges Slashed By 50%
MMTS Charges Slashed By 50%
GHMC Proposes 15 New Infra Projects Under SRDP Phase 2
GHMC Proposes 15 New Infra Projects Under SRDP Phase 2
LifeCircle Providing Healthcare Solutions for Geriatrics
LifeCircle Providing Healthcare Solutions for Geriatrics
Subscribe to our Newsletter
Get your local newspaper delivered to your Email at 7am everyday
Select City
Select City
logo
hi@nearbynews.in
Gachibowli, Hyderabad - 500032
nearby news © - 2022