The luxury car selloff: Greek used car salesmen are laughing!

How luxury cars became ludicrous business in Greece

In an effort to avoid annual luxury car taxes imposed from 2010, desperate people in Greece routinely gave away their BMWs, Mercedes Benz and Jeep Cherokees etc. Now the tide has turned and it suddenly makes sense to buy luxury cars with second-car salesmen making improbable gains.

Data of the Association of Motor Vehicle Importers shows that people are choosing to buy assets with new registrations for luxury cars rising by 80% in April alone compared with the same month last year.