When we think of international automotive companies who dominate their sectors of that industry some of us cannot help but think about automotive giants such as Mercedes, Volvo, or BMW, but recent economic events have helped to level this particular playing field, and that has brought competition flooding in from all over the globe.
The fastest growing trend in all automotive sectors are what is now being called the “Green Sector,” or the “Electrified Vehicle Market.” This market has the potential to assume a much larger percentage of the global automotive market in a very short time. If the U.S. Automotive manufacturing companies are smart about this trend then we can capitalize on at least some of this enormous market.
When you look at the progress being made by companies like the little “Mahindra” trucks from India you can tell there is a definite shift in the advancement of automotive business on the international front. With an impressive 50% market share of India’s Utility Vehicle market, and with sales coming to the United States soon, this would have to be one company that everyone should be watching.
It was not too many years ago that it was almost unthinkable that some of the countries like China and India would ever be exporting very many vehicles internationally but now they are either in the process of doing it or have already begun shipping them. Once upon a time we only had Mexico and Canada to worry about as international trade partners in the auto industry but now many of the foreign companies are building their cars here or at least finding ways to have final assembly done here.
So what is really hot on the international automotive scene? Hybrids are doing really well with all electrics fast approaching from behind. The other thing that international automotive companies are working on heavily is the turbo charged diesel engines they use extensively. Where we are stuck on gasoline they seem to favor diesel and with the power added by using turbo chargers these cars get good fuel economy and maintain excellent performance characteristics. One fine example of this is the Volkswagen turbo diesel. VW has more vehicles with this amazing power and economy combination than most others even have hybrids!
While some say that Europe is poised to become the worlds leader in electric and hybrid car production, JD Power and Associates predicts a more grim outlook for European involvement in one of the hottest automotive trends since the internal combustion engine first came on the scene to displace steam, diesel, and electric.
There is growing evidence that China will become one of the largest users of electric vehicles as they are already long accustomed to using electric scooters and bicycles.
How have the rest of the auto world been preparing to do business in this potentially lucrative market? They are quickly retrofitting existing models with electric or hybrid running gear and they are rushing these models to market in order to establish early market shares in this ever growing sector.
The Europeans are also working feverishly on innovative battery materials in order to reduce vehicle weight while increasing power output and time between recharging.
Overall if we watch what is going on internationally it could help the U.S. by showing us exactly which vehicle trends are selling best when monitored worldwide.
Thank you for reading my articles here on Associated Content – Yahoo!