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Covid sparks distress sale of luxury cars

India city Mumbai city Chennai city Delhi city Pune pandemic
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Luxury car owners are desperately trying to dispose of their premium vehicles at a fraction of the purchase price as the pandemic and lockdowns impact businesses and jobs across India while causing uncertainty in key urban markets.Over half a dozen luxury car dealerships in Mumbai, Pune, Delhi, Chennai and Kochi said they are receiving an increasing number of requests from customers to find clients for their pre-owned vehicles at heavily discounted prices.

Several banks have also placed similar requests, they said.“Luxury car owners looking to sell their prized possessions usually do not trust independent brokers.

So, they reach out to organized channels, which include the existing dealership network. Once we have enough leads, we push.

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COVID-19
United States
United States
Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
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Recovered: 0
Brazil
Brazil
Cases: 21 835 785
Deaths: 608 235
Recovered: 0
United Kingdom
United Kingdom
Cases: 9 215 683
Deaths: 141 607
Recovered: 0
Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
Detail statistic
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