Largest automakers by market capitalization (2024)

FAQs

Which car manufacturer has the biggest market share? ›

The Toyota brand is owned by Japan's Toyota Motor Corporation, the world's largest motor vehicle manufacturer.

Ranking of motor vehicle manufacturers worldwide by global sales 2023. At around 11.2 million units, the Toyota Motor Corporation remained above its largest rival, the Volkswagen Group, as the world's largest manufacturer of motor vehicles. Both manufacturers sell motor vehicles under various brands.

Over the last four quarters, Tesla (NASDAQ:TSLA) generated total revenue and earnings of $96 billion and $15 billion, respectively. Toyota's (NYSE:TM) revenue and earnings are roughly three times larger at $299 billion and $44 billion. Yet Tesla's market cap is more than double that of Toyota.

The Big Three often refers to the three largest car manufacturers in North America: General Motors, Stellantis (formerly Chrysler), and Ford Motor Company. After decades of dominating the U.S. and global markets, the Big Three have lost significant market share to automakers from Japan, South Korea, and Europe.

United States. General Motors, the Ford Motor Company and Chrysler are often referred to as the Big Three, although Chrysler has been surpassed as the third-largest U.S. automaker by Toyota of America.

For the fourth year in a row, Toyota is the world's best-selling automaker. We've been waiting for Toyota to release sales data for 2023 ever since the Volkswagen Group announced it sold 9.24 million cars.

Most valuable automotive brands worldwide by brand value 2024. The Tesla marque was ranked as the world's most valuable car brand in 2024, with a brand value of roughly 71.9 billion U.S. dollars. Toyota, 2020's leader, is now the runner-up, followed by BMW.

The Toyota Corolla is the world's bestselling car with Toyota building over 50 million of them since 1966. This amazing achievement is just a testament to the effort Toyota put in this model. They have produced countless versions, generations, and models for many different markets.

In terms of revenue, Toyota and Volkswagen were the leading automakers worldwide in 2022. In terms of vehicle sales, Toyota and Volkswagen are also counted among the most successful automakers worldwide.

Is GM still the largest automaker? ›

General Motors retained its crown as the top-selling automaker in the US in 2023, edging past rival Toyota Motor, as easing supply snags and sustained demand drive the industry to its best year since the pandemic.

Who Are Tesla's Top 3 Competitors? Ford, GM, NIO, and Volkswagen are four of Tesla's main competitors. In 2022, the Chinese manufacturer BYD sold more than 1.85 million plug-in electric cars, more than tripling its 2021 result of 593,745.

That's saying something, given Tesla is the most valuable car company on the planet. But SpaceX's lead over its competition is larger than Tesla's. What's more, SpaceX is growing and expanding its profitability.

The Tesla Model Y is believed to have overtaken the Toyota Corolla and RAV4 to become the world's best-selling new car in 2023, according to preliminary figures.

Toyota Motor Corp. sold more passenger vehicles than ever in 2023, cruising ahead of Volkswagen AG as the world's top carmaker for a fourth consecutive year.