Automotive Vehicle Types

Make Most out of Prevailing Opportunities and Stay Updated on Key Concerns

When economic conditions are favorable, people are more likely to purchase new vehicles giving momentum to the industry. Volume production may become similar to that for premium cars, with a greater number of vehicles being made to order on the basis of a multi-option choice. The market for niche vehicles is growing, as consumers demand more variation of body shape and styling. The automotive industry by vehicle type is dominated by passenger cars, followed by commercial vehicles.