Vehicles are becoming more popular and more convenient to own. As the owner of an automobile, you have more room for passengers and can carry more cargo. It is important to note that a car does not have to be a four-wheeled vehicle to be considered an automobile.
The Honda Motor Company has long been associated with motor vehicles. The company has a hefty presence in automobiles, motorcycles, and scooters. Their presence extends beyond North America, though.
They have a strong foothold in Latin America, Brazil, and Africa. In Asia, the company has a market share of seventy-five percent or more. Currently, the company is focusing on recapturing lost ground in India. And, the company is looking to expand into the neighboring markets. That could be Colombia, Argentina, and Brazil.
The new Odyssey is a good example. It features a low-floor platform with a flat roofline and the company’s signature Honda safety technologies. This new minivan has the potential to redefine the minivan genre.
One thing to note about the Odyssey is that it has a more than seven-seat capacity. This is a significant increase over the previous model. But the new model isn’t the only noteworthy addition to the Odyssey line. Another is that the company has introduced the FCX fuel cell car.
While Honda is still a big player in North American automobiles, they have a major presence in the Asian and Latin American regions. Sales in Asia have largely doubled since FY3/2011, with the company capturing more than two-thirds of the total market.
Despite the challenges facing the automotive industry, there are a handful of bright spots in the market. Motorcycles and other small vehicles are the vehicle of choice for many people, especially for the budget conscious consumer. However, they are not a perfect fit for every road or environment. For example, riding in the rain or snow isn’t an ideal situation. Also, a bike doesn’t always offer the convenience and comfort of a car.
Fortunately, the automobile has made a comeback in the past few years. Government subsidies have spurred sales, and the market has recovered from the Asian economic crisis. Nevertheless, the automobile business is still not the booming industry it once was. A number of factors have contributed to this resurgence, including a rebounding economy and rising interest rates. Combined with the popularity of electric and hybrid vehicles, Honda will need to be on the ball to make it to 2025.
While they are not the newest and greatest automobiles, motorcycles and scooters are certainly among the most fun to drive. Many people consider motorcycles to be an automobile, though in reality, the terms are not entirely mutually exclusive. If you ride a motorcycle, it is a great way to get around, but don’t consider it a substitute for travel, shopping, or family vacations.
In the upcoming year, the company will highlight its latest technology and innovations. In particular, the company will display its latest safety and environmental technologies. These will include the Honda Riding Simulator, which allows riders to experience how they would feel if they were to ride a real motorcycle in a simulated environment. Additionally, Honda will show off its advanced powerplants and fuel cell vehicles.