THE PRE-OWNED-CAR MARKET IS BOOMING IN LUXEMBOURG!
This is nothing new. Cars in Luxembourg are renowned for their very high quality for two reasons: residents’ high purchasing power makes it easier for them to buy new vehicles; and leasing companies sell quality pre-owned vehicles when leases expire.
In 2017, 52,775 vehicles were registered in Luxembourg and 50% of those were pre-owned cars. Social media in particular have been instrumental in the pre-owned market’s expansion, as they make offers more accessible.