Chennai, May 17:
Big Boy Toyz, which sells pre-owned supercars, including Bentley, Rolls Royce, and Ferrari, is selling around 500 cars per year tapping on the growing demand for such big vehicles. The company deals with 24 brands, including Ferrari, Bentley, Lamborghini and as many as 150 models, which start from Rs 50 lakh and go up to Rs 4Cr and are currently clocking a turnover of around Rs 250Cr.
They are expecting it to increase it to Rs400Cr to Rs500Cr this calendar year. They are selling 35 to 40 cars per month with an average price of 1Cr. The pre-owned luxury market is projected to reach a market size of USD 75 billion by 2023, thereby recording a CAGR of 15.2% during the forecast period
Though the overall economic slowdown has smashed the sales rate of new cars, the used car market has seen an uptrend, which clearly indicates that the sales rate of used cars will continue moving forward. Big Boy Toyz retails one car a day, on an average.
This stable sales figure is perhaps the outcome of extensive quality checks, which includes a service and insurance history check, a 15,000 kilometers warranty and a one-year buy-back agreement. Founded in 2009, Big Boy Toyz is headquartered in New Delhi and has outlets in various Indian cities, including Mumbai, Bangalore and Chennai.