The New Year will observe a slew of new vehicle launches as car companies hope to capitalize on the enhanced economic outlook, customer sentiment and battle for market share.
Based on market talk and speculation, over 20 fresh models are predictable to “hit the tarmac” in 2011.
“The number of new models that are expected to be commenced this year is an indication that car companies are hopeful about the economic environment,” said one analyst when asked about the number of innovative models that are in the pipeline for 2011.
“Other than being buoyed by the enhanced economic outlook, car companies also require to revive their inventories and stay offering new models to remain attracting new customers or risk losing out to the competition and ultimately, market share,” he added.
