LAST AUTO NEWS – WEALTHY BUYERS PAYING A LOT FOR WORLD'S CHEAPEST CAR?
Last Auto Account –

Someone absent the point.
Australia’s Drive reports, “The world’s cheapest car has accepted to be a acceptable investment. Some Tata Nanos, which retail for 130,000 rupees” or almost $2,700, “are getting resold in India at up to 30 per cent added than the retail amount just two months afterwards the much-hyped new car hit the streets.” In fact, some buyers “are allotment advertise them anon for as abundant as 35,000 rupees [$727] added than the aboriginal amount tag.” Tata Motors has taken so abounding orders for the Nano that it was affected to admeasure cars through a action system, so some buyers will acquire to delay months for their car to be built.
Autoblog notes, “One would anticipate that the antecedent of this abundant appeal comes from families searching to defended a still bargain car, but a Mumbai car salesman seems to anticipate it has added to do with an odd “fetish” for the car. Arif Fazulbhoy reportedly told Drive that the affluent of India are paying over sticker to get their easily on the Nano because it has become a hot and contemporary cachet symbol.”
Motor Trend comments, “The top-of-the-line XL model, which runs 200,000 Rupees ($4170) afore the resale markup, has accurate abnormally accepted with buzz buyers acknowledgment in allotment to its ability locks and air conditioning.” Still, “Fazulbhoy expects the aberration to calm down in a few months if the cars become accepted architect on Indian roads.”
The Nano will aswell face antagonism over the next few years, as several companies, including both Ford and General Motors, acquire arise affairs to aftermath bargain auto rivals for the Indian market. Tata, meanwhile, still hopes to accompany the Nano to the U.S. in a few years, already emissions and assurance targets can be met. Still, if it gets here, we somehow agnosticism Warren Buffet will action to yield castigation off your easily for added than you paid.
If you’re in the bazaar for a new car, analysis out the U.S. Account rankings of this year’s best cars as able-bodied as this month’s best car deals.
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