This year’s New York Auto Show was awash with high performance vehicles from the likes of BMW and Mercedes but for those of us on a budget Mazda unveiled their new 2010 Mazdaspeed3.

This year's New York Auto Show was awash with high performance vehicles from the likes of BMW and Mercedes but for those of us on a budget Mazda unveiled their new 2010 Mazdaspeed3.

Dressed up in Mazda's latest design language, the new five-door Mazdaspeed3 (aka Mazda3 MPS) boasts an eye-catching exterior that has more than a few styling cues which indicate that this isn't your typical Mazda3. Up front there's a new lower air dam, flared wheel arches, and a hood mounted intercooler scoop. Among the other design touches are unique 18 x 7.5-inch aluminum wheels, aggressive side skirts, a metallic black rear valance, larger dual exhaust tips, and a massive roof-mounted rear spoiler.

In terms of performance, power comes from Mazda's MZR 2.3-liter DISI turbocharged engine that produces 263 horsepower and 280 lb-ft of torque. Although the engine is unchanged from the previous model, the new Mazdaspeed3 rides on a significantly reworked chassis which features a firmer suspension with stiffer springs and higher damping rates. The company's engineers also installed a beefier steering rack for improved feel as well as a new electronically-controlled brake assist system to reduce stopping distances.

The car comes nicely equipped with a unique red on black interior upholstery scheme, aluminum pedals, and dual-zone climate control. An available tech package features keyless entry, push-button starting, GPS navigation, Sirius satellite radio, a perimeter alarm, a six-disc CD changer, and a BOSE surround sound system.

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U.S. Spec Mazdaspeed3 Debuts in New York