The global auto industry is showing signs of a resurgence since the start of 2010 after two turbulent years that witnessed the filing of bankruptcy by car giant General Motors due to turmoil in the economy. The worst recessionary trend witnessed in 2009 is likely to fade, even at a snail’s pace, with consumer spending not yet returning to normal.
The hallmark of the global car industry is innovation and we have traveled a great distance since the day of the invention of the wheel and powering the first motor car. Vehicles such as cars and trucks no longer depict status symbols, but have become part of important needs in developed countries and a growing list of developing countries.
The main players in the automotive industry, including Ford, Toyota, General Motors, Hyundai and Suzuki Motors, have released a series of new models to attract the attention of consumers, who are holding back straps of their purses who are fighting against the recession.
What should you look for in a vehicle in 2010?
Advances in technology have changed and redefined the concept of vehicle design. The insistence on high-level safety standards, and the adoption of environmentally friendly technologies, coupled with energy and fuel efficiency have brought the best of the designs from car manufacturers. Energy savings, fuel savings, comfort, style, and affordability are the main things loyal customers are looking for in a vehicle in the current situation.
The new model launched by Toyota Motor, the Prius that looks sleek, is one that will attract the attention of customers. Not only is the car unique in the sense that it is a full hybrid electric car, but its appearance and style look pleasing to say the least. Slightly on the higher side, of course, on a cost comparison, the Toyota Prius will be a serious competitor among alternatives for customers looking for extra small style and comfort in addition to fuel economy.
In the luxury class, a number of manufacturers are trying to attract the attention of customers who value luxury, style and comfort in addition to fuel savings and safety standards.
BMW, another name for style in the automotive industry, releases a series of vehicles to customers who understand style. The new 2010 BMW 5 Series, which has a new V8 engine capable of increasing speeds from 0-60 mph in less than 6 seconds, is a serious competitor in the luxury brand while not sacrificing fuel economy and other interior features.
For connoisseurs of luxury and style, the Audi 8 2010 model car will be a real teaser. The unique features of this luxury vehicle are the beautiful interior made of layers of leather and wood, and acres of comfort for the passengers, in addition to a stylish appearance and superior performance on the road.
For the middle and upper middle segments and core families that are growing at a faster pace in developing countries, ideal choices will include Scion from Toyota Motor and Honda Civic Si from stable Honda motorcycles.