Mumbai : Despite considerably cheaper ownership cost of pre-owned Merc and Audi cars, their counterparts from the BMW stable command a premium, according to an industry report, reports PTI.
“BMW vehicles (pre-owned ones) command a premium over Audi and Mercedes even though latter’s service cost is 24 per cent and 29 per cent, respectively lower than of the former,” said the report by IndianBlueBook — a Mahindra Group service offering pricing and analytics for new and pre-owned vehicles.
Total cost of ownership of a luxury car is expected to be over 60% of the on-road car price after three years, it said, adding residual value and total cost of ownership are important parameters for luxury car buyers. The report said the domestic luxury car segment is still in its nascent stage with only Merc, Audi and BMW brands dominating over 90 per cent of the market.
