HMC: Honda...New Insight jumpstarting the market?

The biggest buzz in the auto market for the past two months has been about the New Honda Insight. The original insight was realeased in 1999 and wasn't very popular based on its looks and functionality, since it was an oddly shaped two seater. With the introduction of the IMA hybrid system which has been redesigned and made smaller and less expensive, and a new body style with five doors creating a car that is far more attractive with characteristics comming for the FCX Clarity Fuel cell powered car, expect consumers to be talking about it more than any other new release this year. The reduction in the production cost is allowing Honda to release the new Insight with a price range starting below $20,000 which is far below the $24,000 base price of the competition Toyota Prius. This car will definatly be the best hybrid vehicle on the market comming from one of the top automotive manufacturers. With the introduction of the Insight comming April 2009, the market will definatly be open for younger generations to afford this new technology. If all goes well with the Insight, expect the stock prices for Honda to go up far more than they have been in the past several months as consumers start trading in for the benefits of a low cost highly reliable hybrid vehicle.