Study projects that small cars will be the biggest segment in the coming years

If you have €1,000 burning a hole in your pocket you could pick up a copy of a new report from Research and Markets about the future of the car market. Or you could look at the rising price of oil, traffic patterns in places like New Delhi and Beijing and come to the same conclusions yourself. The study projects that small cars will lead the global car market in the next decade. Given that sales in North America have been stagnant for several years and likely to remain so for the foreseeable future, growth is obviously going to come from developing markets like India and China. Those two countries already have huge problems with congestion. China, as we know, also has a bit of an issue with air quality. Everyone, including the U.S., will have to deal with increased costs of fuel. All that adds up to small, more efficient vehicles taking an increasingly large share of the market and very likely to become the biggest segment globally. Remember, you could go buy the report that says all this with figures and charts; your choice.

[Source: The Auto Channel]