The 2015 Aston Martin V12 Vantage S was unveiled officially on May 28, ending an almost two-year gap since its predecessor was released.

The new model will start arriving in showrooms by early 2014 with a base price of under $200,000 according to Aston Martin spokesman Matthew Clarke, who spoke with Edmunds earlier this week.

Aston Martin has teased the new Vantage in two YouTube videos, and already feels that the vehicle will be able to compete with similar models like the Mercedes-Benz SLS AMG GT and the Porsche 911 Turbo S.

"The new car replaces the outgoing V12 Vantage in markets around the world and, with the exception of the One-77 hypercar, arrives as the fastest road-going Aston Martin yet offered," said Aston Martin in a press statement.

The 2015 model will be equipped with a brand-new 565-hp 6.0-liter V12 engine and comes with a seven-speed Sportshift III automated manual transmission. The company promises that the unit is "lighter" than a base six-speed manual gearbox according to a company press release.

The Vantage gas a top speed of 205 mph, and also comes equipped with a lighter exhaust system modeled off of the One-77.

Other features include the debut of three-stage adaptive damping which allows drivers to choose between Normal, Sport, and Track modes according to Aston Martin.

A new lightweight forged alloy 10-spoke wheels and a black painted roof are also standard.

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