Wednesday, October 6, 2010

Hyundai i20 rival: the all-new Chevrolet Aveo sub-compact car

Hyundai i20 is finally getting a decent competitor from Chevrolet. The all-new Aveo sub-compact car set to make its official debut in Korea.

The all-new Chevrolet Aveo sub-compact car just made its official premiere at the auto show in Paris and it is now heading towards Asian markets. According to GM Daewoo, the 2011 Aveo will hit the South Korean market in the first half of 2011 and other Asian markets in the second half of next year.

The company has already announced it plans to introduce the Chevrolet brand in South Korea and the new Aveo sub-compact car will be the first vehicle to wear the Chevy badging. Later next year, the new Aveo will be joined by Chevrolet Camaro, which has been on sale in the U.S. market for quite some time now.

GM Daewoo plans to introduce several other new models to compete against Hyundai and Kia brands in Korea. Both carmakers together hold more than 50 percent new car market share. By introducing new brand and new models in its domestic market, GM Daewoo forecasts that its new car sales will increase by around 10 percent.

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