Lexus have established themselves as one of the big Japanese marques alongside Nissan and Honda. This is because the have been able to produce a great range of cars that are very reliable and very luxurious. And this, in my opinion, is the main aim of Lexus - to be the best luxurious car brand in the world. This could be true as they have got several cars that are quoted on their excellent ride and comfort as well as space.
At the moment Lexus have cars in the saloon and luxury market as this is where they are paying most attention. This also happens to be where the other top car marques in the world are showcasing there idea of a saloon car and this is the perfect opportunity for Lexus to show the public how good their car is compared to their European rivals.
For example, the IS series saloon is in direct competition with the BMW 3 series and the new Mercedes C class. These two cars have dominated that part of the market for a number of years and new comers have found it hard to get in and make excellent sales like the other two. A good example of this is the Jaguar S type. Because of this Lexus have had to design and build a very serious competitor and in many cases they have succeeded on doing this.
Many reviews on the IS series from motoring magazines have complimented the very stylish and sporty looks on the exterior and great comfort and design on the inside. Others have also written good things about the simplicity of the IS and how good the ride comfort is.
Another sector of the car market where Lexus are putting a lot of effort in is the luxury car market. They have released the LS and GS series that are putting pressure on the big car makers in Europe such as BMW, Mercedes and Jaguar.
This is very prestigious as it is this part of the market where most businesses will choose their cars whether for private use or for fleets. This is where a lot of money can be made in the car market. Lexus are again under stiff competition for their place in the market from Europe but they have got some advantages.
New hybrid technology that has been developed to be used in Lexus cars has enabled them to be more energy efficient and economical than their rivals which allows them to have a unique selling point over their competitors in the market. This will also give an advantage due to the fact that many fleet cars in a business will be travelling lots of miles every year and the hybrid technology will allow businesses to save a lot of money on fuel due to the fact that the Lexus cars will be more efficient. They have also been able to design the car so it has a huge amount of space that gives it the edge for comfort usability.
Overall, the car market has been stormed by Lexus and they are constantly revealing new and improved cars that will challenge every aspect of their rivals including comfort, space, ride, and efficiency. And it is sure that Lexus have been able to crack the car market and establish themselves as one of the best car makers in the luxury and saloon market.
Cheapest Car On Market
Pricewaterhouse Coopers in its eighth annual Global Automotive Financial Review stated that the Indian Passenger Car Market is expected to reach up to 19 Lakh passenger cars in 2010, from a size of 7.5 Lakh passenger cars in the year 2000. This implies that by 2010 the market is likely to demonstrate a growth rate of around 51%.
Presently, two-wheelers constitute 77% of the Indian automotive industry's total production. However there is perceptible trend of customers graduating to four-wheeled vehicles. At present the penetration level is extremely low with around 8 cars per 1,000 individuals. With fat income levels and increasing disposable incomes among the middle-class populace, along with up scaling urbanization, the prospects for passenger car segment looks bright. Dealers and manufacturers are offering a bonanza of financing options at low interest rates and a host of price discounts. During the period 2000-2005,the automotive manufacturing sector had witnessed a sturdy growth of 12 % CAGR.
Small cars segment accounts for a major chunk of the revenue of the Passenger Car Market at about 70%. Industry experts assert that any future growth is likely to be driven by this segment as small cars offer fuel efficiency, and incur minimum operating costs.
RNCOS recent report, "Passenger Car Market: A Global Review (2006)" undertakes a review of the performance of the Global Passenger Car Industry. The report also analyses the Passenger Car market by geographical distribution.
Globally, automotive demand has seen up and down in different periods. The periods 2003-04 and 2004-05 have been significant revenue churners with robust rise in demands. It's expected that rising incomes coupled with affordable prices, increased buyer incentives and attractive financing packages will continue to support demand. Sales growth in the passenger car segment will hover around 12% annually between 2006-07 and 2010-11.
The key highlights of the reports are:
·Performance of the major developed & emerging countries in the Passenger Car Market
·The opportunities existing for the automobile players in Passenger Car Market
·The key challenges & driving forces for Passenger Car Market
·The major competitors in the Global Passenger car Industry
To purchase your copy: http://www.rncos.com/Report/IM071.htm
For more information about the report please visit www.rncos.com
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Both Catherine Harvey & James Marriot are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
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