Posts Tagged Luxury
Indians Bit by Luxury Bug
Posted by in Uncategorized on January 20, 2010
The Indian culture is changing drastically with wealthy Indians spending lavishly in the name of luxury is key to the Indian auto industry seeing a mounting demand for luxury cars. As we all know that, India is the fourth largest market in Asia offering an excellent opportunity to the auto industry. With a rapidly growing demand for the luxury cars are increasing.
Indian auto industry witnessed a remarkable growth of 25% last year. And to my surprise, more than 5,000 luxury car were sold in 2006 compared to 3,000 in 2005. The 2007 figures are expected to outshine present figures. The average rich Indian are bored with the normal or regular cars and look for more comfort and class and therefore pamper and have the need to enjoy a superior lifestyle. Perhaps these expectations are molding the new class of affluent Indians to possess top brand vehicles, regardless of their prices.
With the bright future for the luxury cars in the Indian market, major luxury automakers are setting up their showrooms and manufacturing plants in India to cater to the rich peoples’ fancy for trendy and luxurious cars. Price is no more a concern now, Mercedes-Benz and BMW offer a starting price of Rs. 25-30 Lakh, whereas the Maybach lures the consumers to pay as much as Rs. 5 crore to drive in the lap of luxury. Other motor giants like Volkswagen, Volvo, Lamborghini, Rolls Royce Phantom, Bentley, and Porsche have already joined the luxury car revolution in India. Last year Rolls Royce for which the pricing starts from Rs.3 Crore sold 11 cars in India.
It is not possible to deny the fact that the luxury car market in India has a huge potential compared to other emerging markets and for affluent Indian customers price simply doesn’t matter when it comes to living in style.
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Luxury Drive
Posted by in Uncategorized on January 20, 2010
The sudden change in the culture of wealthy Indians spending lavishly in the name of luxury is the key to the Indian auto industry seeing a mounting demand for luxury cars. India is the fourth largest market in Asia offering an excellent opportunity to the auto industry. With a rapidly growing number of affluent consumers who appreciate sporty, progressive, and sophisticated vehicles, the luxury car segment in India tripled in the last five years.
Indian car industry witnessed a whopping growth of 25% last year. More than 5,000 luxury cars were sold in 2006 when compared to 3,000 in 2005 and just 1,000 in 2004. The 2007 figures are expected to outshine these presented figures by a mile or more. The standard of living has raised an average rich Indian is no longer satisfied with the normal cars; they like to pamper and spoil themselves with luxury and style and like to have the need to enjoy a superior lifestyle. Perhaps these expectations are molding the new class of affluent Indians to possess top brand vehicles, regardless of their prices.
The World Wealth Report 2005-06, published by Merrill Lynch and Capgemini, says India recorded the world’s second fastest growth at 19.3 percent in the number of high net-worth individuals in 2005. The Maruti 800, launched in the 1980s, was a market leader having a 42 percent market share. But the increased demand of bigger and better cars has resulted in the market for large cars see an amazing growth of 27 percent in recent years.
Foreseeing the Indian market potential, major luxury carmakers are setting up their offices in India to cater to the rich peoples’ fancy for trendy and luxurious cars. Mercedes and BMW offer a starting price of Rs. 25-30 Lakh, whereas the Maybach lures the consumers to pay as much as Rs. 5 crore to drive in the lap of luxury. Now BMW is also planning to come out with small cars in India, which is definitely going to click the India. Other motor giants like Volkswagen, Volvo, Lamborghini, Rolls Royce Phantom, Bentley, and Porsche have already joined the luxury car revolution in India.
Although the craze for luxury cars is visible all across India, Punjab tops the list and remains one of the best sellers for luxury cars. According to reports, BMW sold 90 cars within six months of its launch, while Tai-Pan Traders Ltd (the dealer for Mercedes-Benz) sold more than 550 Mercedes in Punjab and is poised to sell another 210 units by the end of this financial year. Daimler aims to sell 200 units in this financial year in the state alone. High demand for luxury cars in this state is attributed to rising land prices; it is estimated that most of the owners of these luxury cars are those that have benefited from the real estate boom.
BMW is all set to cater to the demands of the rich by rolling out its executive sedan, the 5-Series model. It also launched two sports utility vehicles (SUVs), the X3 and X5 earlier this year. The 5 Series is expected to be priced between Rs. 37 Lakh and Rs. 45 Lakh (ex-showroom Delhi).
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Luxury Car Auctions Can Save a Bundle
Posted by in Uncategorized on January 19, 2010
Although today’s economy is in a slump and many people believe a recession is on the way, there is still a strong demand for luxury automobiles. Of course, savvy buyers continue to look for great bargains when they purchase their cars, which is where the new website, Best Luxury Auto Auctions, comes in. Online auction sites are increasing in popularity, since consumers are always looking for the best deal in today’s economy.
Today customers are no longer willing to pay the high prices that high end luxury automobiles used to command, although discounted luxury autos still have quite a market. For this reason, many consumers are finding this new site to be an excellent place to purchase the autos they want for prices that truly are affordable, even in today’s economy.
There is presently an abundance of luxury automobile for sale. Many of the cars available are a result of the poor economy. Many individuals are forced to rid themselves of the burden of a large car payment. Other just choose to lighten their financial load. Oftentimes they are willing to sell at a loss. This presents a great opportunity for the prospective buyer.
A good place to start to look for a luxury car for sale is the internet. Look for online auctions at places like eBay Motors. Oftentimes you can find a bargain. In these tough economic times many luxury car owners are cutting expenses by eliminating their luxury car payment. That can mean a real bargain for you. A good place to begin your search is Best Luxury Auto Auctions.
The auto auction is where many used car dealers go to find deals for their company. This usually consists of the used car sales manager heading to the auto auction and buying the cars that he or she thinks will turn the biggest profit for their dealership. These auto auctions usually take place about once a week, and can be attended by only authorized car dealers. This is not the same as a car auction which can be attended by the general public. The main purpose of this sort of auto auction is to allow car dealers to buy and sell used cars for their lot.An auto auction is an event that every car dealer has taken part in at one point in time, and probably will again sometime in the near future. This is one of the best ways for them to make money, and turn a large profit for their respective dealership. If you are authorized head to your local auto auction today and make some money!The online auto auction is becoming increasingly popular for the average buyer looking for a good deal. Saving of 50% and more are not uncommon. This writer bought a 2002 Honda Accord a year ago and saved over 50% off the NADA suggested price. If you are looking for a new or used European, Japanese, or American luxury car, such as an Aston Martin, Audi, Bentley, BMW, Cadillac, Corvette, Hummer, Infiniti, Jaguar, Lamborghini, Lexus, Lotus, Maserati, Mercedes-Benz, Porsche, or Roll-Royce a great place to start your search is Best Luxury Auto Auctions. You can bid on the car of your dreams or buy it outright.
