Ever since the introduction of diesel engines and later the petrol engine by the 17th century man has always wanted to travel faster and faster to reach his destination I shorter interval of time. The early automobile car markets were the U.S and Europe, the U.S with its Ford and the Europe with the Volkswagen. As for the rest of the world automobile cars were still seen as a sense of luxury and were unaffordable to the common man.
As time passed and the earnings and the purchasing power parity of the middle class rose in ASIA, the automobile car market saw a huge spurt in demand. Developments in other industries were indirectly contributing to the growth of automobiles all around the world. The growth of low cost manufacturing companies in China led to the Chinese having higher income levels. Since more and more foreign companies were opening up factories and manufacturing plants in China, China got the name of being the manufacturing capital of the world. This led to even higher income levels of an average Chinese citizen.
The same is the reason in India where innovative software companies led the race for wealth. Automobiles sensed the huge demand in the middle income groups and started producing more low cost cars customized for these markets. One among them is the success of the small car manufacturer, Suzuki in India. So, innovative low cost solutions for cars led them to manufacture it at a lower cost, with the idea of catering to the middle classes. Gradually by mid 2008 when the economies around the world was at its peak the highest demand in the automotive car industry was witnessed.
