Going for a song: Audis, BMWs sell dirt cheap in flood-ravaged Chennai

Thousands of cars, including luxury brands such as Mercedes Benz, BMW, Audi, Jaguar, Porsche and Bentley, are up for sale in Chennai for as little as Rs 2 lakh. In photo, a Coimbatore food caterer checking out an Audi. (V Srinivasulu / HT Photo )

Updated on: Jan 22, 2016 1:56 PM IST

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Published on Jan 22, 2016 1:56 PM

Thousands of cars, including luxury brands such as Mercedes Benz, BMW, Audi, Jaguar, Porsche and Bentley, are up for sale in Chennai for as little as Rs 2 lakh. In photo, a Coimbatore food caterer checking out an Audi. (V Srinivasulu / HT Photo )

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Published on Jan 22, 2016 1:56 PM

A Porche at Chennai yard. The marquee brands are selling cheap as these were “damaged” in the devastating floods in December last year. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

Tiruverkadu car yard of cardekho.com view. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

Classified by insurance firms as “damaged vehicles” beyond repairs, auctioneers are putting up for sale some 10,000 vehicles at cut-price rates. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

A gleaming Jaguar ready for inspection at Tiruverkadu yard. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

The bargain price of these cars depends on their make, year of manufacturing and the extent of damage the floods have caused. An auctioneer said it is possible to get a high-end luxury model at 40% of the ex-showroom price. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

Auction site copart.in has lined up a motley mix of cars at Kora Truck Park on the Chennai-Bengaluru highway that were salvaged from the floods. A car being shifted to its slot after washing at copart yard. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

A luxury sedan getting a wash before putting up for auction at Tiruverkadu. (V Srinivasulu / HT Photo)

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Published on Jan 22, 2016 1:56 PM

Copart vehicle yard . (V Srinivasulu / HT Photo)

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E-auctioning on at copart.com yard on Chennai -Bengaluru highway. Copart.com india representative overseeing operations. (V Srinivasulu / HT Photo)