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During the early part of this decade Toyota was examining its car line up and the decision was made to build an automobile to entice young people who were searching for something that was little, fun to drive, and cheap. Whilst the Corolla served faithfully in this capacity, Toyota needed something that spoke excitement. The Corolla just wasn’t that kind of a vehicle and something radically different was needed. Enter the Matrix. based on the Corolla platform, the Matrix does what no Corolla can do: turn heads. We’ll take a look at this sporty compact and see how the 2006 model stacks up.

In 2003, the Matrix was introduced to the northern US market. Built in California as a joint venture with General Motors – the Pontiac Vibe is its twin – the Matrix is aimed toward budget conscious young folks who want a car that makes a statement. To save cash, the Corolla frame was employed, but the Matrix stands some three inches taller and is 8 inches shorter than its Toyota sibling. The roof line on the Matrix is completely different too as it slopes from front to back and ends in a wedge, giving the car sort of a wagon look to it. This rakish appearance is what gives the Matrix its unique look as well as an additional bit of room for people and their stuff. Indeed, both driver and front passenger sit higher up, very like in a little SUV or as in an automobile like Chrysler’s PT Cruiser. With 4 doorways and a rear lift gate, the Matrix acts more like a truck, but its sleek exterior simply refutes that fact.

Motorists have a choice between front wheel drive and a 4 wheel drive versions of the vehicle, something not offered on the Corolla. The standard motor for the Matrix is a 1.8-liter DOHC 16-valve VVT-I 4-cylinder engine. Paired to a five speed manual transmission, the engine turns out a respectable 126hp. For more power, there’s also a higher tuned version of the same engine delivering 164hp. It becomes twinned with a 6 speed manual transmission. Four wheel drive versions of the Matrix come supplied with a 4-wheel anti-lock brake system [ABS] which is optional on 2WD models.

Gas mileage for the Matrix makes the vehicle a motorist’s dream. At thirty m.p.g town and 36 m.p.g highway, the front wheel drive version of the car produces some of the finest results of any non-hybrid automobile sold in North America. A 13 gallon fuel tank makes 400 mile trips a chance on just one tank of gas ; this is particularly good for the student who has to drive backwards and forth between school campus and home.

Unlike many automobiles of its size, the O.E.M crowd has produced a wide variety of products to help Matrix owners customize their vehicles. Hood protectors, tail light covers, polymer air dams, fog lights, hood scoops and vents, mud flaps, and paintable window covers are some of the Toyota parts and accessories pitched to youth, who are the primary owners of the Matrix.

MSRP starts at US$15,110 [CDN$17,200] with a top of the line Matrix topping out at slightly under US$20K to about CDN$25K.

For the entire North American market, Toyota sells nearly 100,000 Matrix’ per year. Not bad for a vehicle whose origins are reasonably straightforward but whose heart is really sporty and youth minded.

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Toyota has two gigantic things in store for the Camry when the 2007 model year version of the auto rolls out this coming summer : a total redesign and the supply of a hybrid engine. Already the best selling auto in America, the Camry is going to be overhauled and re-engineered. Let’s have a look at some of the changes scheduled for Toyota’s venerable model.

New Styling Cues – No-one has ever claimed the Camry is a knock out when it comes to style. Notwithstanding its pedestrian look, the Camry has managed to take advantage of Toyota quality, price, and engineering to present a car that is clearly a best seller. Still, critics have typically yawned at the Camry’s looks, but which may shortly all change and dramtically at that. Borrowing some styling cues from Toyota’s Lexus line up of luxury cars, the 2007 Camry is predicted to please motorists and critics alike. Witness the recently made over Toyota Avalon : what was a tasteless, a bland, full sized vehicle has been changed into a sleek, luxurious sedan.

Time For A Hybrid – Toyota is riding the hybrid crest and it will, introduce hybrid technology into the Camry line up. Like all the other Camry models, the hybrid version will also be built in the US, making it the first Toyota hybrid to be built outside of Japan. However, the battery and inverter will be imported from Japan whilst the engine will be Kentucky built. The Camry will join the Prius and the Highlander as the 3rd Toyota model to supply hybrid technology.

More Power – Anticipated to be in the same size range as the Camry will keep its current model, the Camry will keep its current four and 6 cylinder engines, but both will be redone enough to crank out extra hp without compromising on fuel economy.

The Camry’s chief rival during the last ten years has been the Honda deal. With a hybrid offering available and an improved appearance in place, the Camry is likely to fortify its hold on the “top seller” class when the new model is released.

No one knows for sure if the “hybrid phase” is just a trend or something which will at last catch on. With regime credits still available and high gas prices at the pump, USA citizens continue to look at hybrids as a workable alternative to thirsty internal combustion engines. Toyota, for its part, continues to capitalize on this trend and the Camry is the latest vehicle in Toyota’s expanding arms depot to incorporate hybrid technology.

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Toyota has announced that they estimate to sell around 25,000 new hybrid Lexus’ in the first year of sales in the U.S.

Toyota has revealed their new hybrid car the Lexus HS250 Hybrid which is due for launch this summer in the U.S. The Lexus HS250 is the first dedicated hybrid car that’s part of Toyota’s luxury collection, Lexus. However, it’s not their first hybrid car, Toyota had huge success with their first hybrid car, the Prius, which was launched in the US in 2000.

Even though Toyota hasn’t release any price details of their new Lexus HS250 Hybrid, it’s not likely to be a cheap car to buy. Maybe a lexus lease option would be a cheaper alternative.

Since the release of the Prius in 2000, Toyota have taken control of over 75% of the U.S. hybrid car market, selling over 1 million hybrid cars. All those sales have tolled up to over half of Toyota’s hybrid sales internationally.

Toyota also release their new third generation Prius into the U.S. earlier this year which has forcasted sales of around 180,000 units in it’s first year. Certainly a great deal more than the new Lexus hybrid car.

Although they may have forcasted these figures, whether they actually achieve them is another matter. Even though May car sales rose from the previous month, the total sales since the beginning of the year in the U.S. has slumped by 36%. Some even worse new for Toyota is that the demand for hybrid cars is slowly reducing. This is becayse although fuel prices rose by large amounts last summer, since the beginning of the year they have dropped considerably.

This price drop has resulted in more sales of gasoline powered cars because they tend to be around $4000 cheaper than a hybrid, fuel efficient car.

Those figures aside, Toyota are still hopeful for good sales of their new luxury hybrid car. They believe that the U.S. car market is improving, as is the need for hybrid cars. Toyota might be relying alot on the car lease market. Due to the current econmical troubles, many customers are choosing to lease a car rather than buy their own new one, simply becaue it’s cheaper to lease.

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The initial idea of the car scrappage scheme was good, buyers entering the scheme are loosing out on the low price deals because car dealers are not offering them to the participants.

If you are unaware of the car scrappage scheme, it’s the new scheme by the government where you can get up to £2,000 off a new car when you scrap your old car that’s 10+ years old.

Not all car buyers will lose out on the deals. Only customers that take out a car manufacturer loan to pay for the car over a series of years. New car buyers will be loosing out because car manufacturers who offer loans with rates as low as 4.0%; they are choosing to charge customers on the scheme up to 10% APR. This means that it can often be cheaper to sell your old car seperately and get the lower percentage loans.

Toyota is just one of the many manufacturers who are increasing the percentage rates on their loans for their customers that are part of the scrappage scheme. Toyota offers loan deals with annual percentage rates between.9 and 5.9%, based upon a series of factors, including the length of the loan and the size of the deposit. However, now, they are only offer a 8.9% rate to custoners that are taking part in the car scrappage scheme. This means that if you were to buy the new Toyota T2 Avensis, it would cost you £14,565 with the scheme, but once you pay off the loan, you will have payed an extra £2,699 which is almost £700 over the standard retail price.

Another 2 manufacturers that are doing the same thing is Seat and Ford. When buying a new Ford, they normally offer a 3.9 APR, but if you buy a new car under the scrappage scheme, you have to take the 7.9 APR that they have on offer. Seat is even worse, they normally offer a 0 APR, but if you apply for the scrappage scheme they will force you to have a 8.9 APR.

This problem has come about because the government is making the manufacturers pay half of the bill rather than the government paying for the entire scheme. This has left many annoyed and left having to try and find the money somewhere else, and this is how they are doing it.

So it sounds that it would be a better deal to sell your old car seperately and not participate in the scrappage scheme. However, there are alternatives to buying your own car. Contract hire is a method of owning a car that is often overlooked. By taking out a Ford lease you can get the latest cars at cheaper prices.

So before you go out and scrap your car as part of the scrappage scheme, look into the other options that could save you some money.

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