Though the global recession has affected the new luxury car sales, the pre-owned luxury cars are still rejoicing their sales. The used car market is experiencing high scale growth grabbing buyers of small cars as well as mid-sized premium sedans.
Seeing the great potential of luxury cars in the used car market, car brands like Merc, BMW, and Porsche are planning to try their hands in the used car segment.
Porsche plans sales target of 200 new cars this year but for the used car it is likely to plan a higher target. Likewise, BMW who carries a high brand vale in India is also looking forward for a good sales number from the used car market. However, German Mercedes-Benz is planning to foray the used car market by 2010.