In 2022, the global auto industry was hurt by a combination of factors, including a pandemic and supply chain shortages, resulting in shrinking sales for many automakers. According to TrendForce's analysis, global car sales dipped by 0.1% YoY to 81.05 million vehicle units for 2022, showing almost no change from the 2021 figure. However, there is a chance for the global car market to return to positive growth this year.
According to the data, Toyota Motor Corporation retained its title as the world's best-selling automaker in 2022. The company sold 10.48 million vehicles, including its Daihatsu and Hino subsidiaries. Toyota has held onto this title for three years, but its sales fell 0.1% from the previous year, marking its first year-over-year decline in two years.
Volkswagen Group came in second place, selling 8.3 million vehicles worldwide. However, the company fell 7 percent from a year earlier. On the other hand, Hyundai Motor Group sold 6.88 million units worldwide in 2022, ranking third after Toyota and Volkswagen. Hyundai Motor sold 3.94 million units, up 1.4 percent from 2021, while Kia sold 2.9 million units, up 4.6 percent from 2021.
In the American market, General Motors has regained its position as the top-selling automaker in the U.S. after losing its lead to Toyota last year. In 2022, GM's U.S. sales rose 2.5% from a year earlier to 2,274,088 vehicles; Toyota's fell 9.6% from a year earlier to 2,108,458 vehicles.
In 2022, Tesla sold more than 1 million vehicles worldwide for the first time in history, 47% more than in 2021, and moving up to number 15 on the list of global top-Selling automakers by volume.
The Bottom Line
The car market is always changing, and new models are joining while others fall out of favor. As a result, the global auto industry is witnessing a once-in-a-century transformation. Electric vehicles are taking over the dominant position of traditional fuel vehicles in the market, and many countries plan to ban fuel cars altogether by 2035. So, whoever will occupy more market share in the next few years must launch electric vehicles that are affordable for the average consumer!
The good news is that according to estimates by relevant institutions, the global auto market will have the opportunity to return to growth in 2023. Total sales are expected to reach 84.1 million units that year, up 3.8% from 2022's total.
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.
The Tesla Model Y was the best-selling car model in 2023, topping 1.15 million sales. It was followed closely by the Toyota Corolla. Overall global car sales grew to roughly 75.3 million units in 2023, up from 67.3 million in 2022.
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.
The Toyota Corolla is the best-selling car of all time with over 50 million units sold. Many choose the Corolla for its affordability, safety features, driving assistance tech, and reliable performance.
The top three U.S. car brands are assembled and distributed by the leading manufacturers in the U.S. market: Ford Motor Company, Toyota Motor Corporation, and General Motors (GM). As of the fourth quarter of 2023, GM's largest segment of sales was attributable to its.
What Are the Big Three Automakers? The Big Three in the automotive industry is a reference to the three largest car manufacturers in the United States: General Motors Company (GM), Stellantis (STLA), formerly known as Fiat Chrysler, and Ford Motor Company (F).
The Ford F-Series maintained its spot as the best-selling vehicle in America for over four decades straight. Of the two million cars that Ford sold last year, nearly 40% were of the F-Series. While the automaker has cut back electric vehicle (EV) plans for 2024, sales of EV models increased 18% over the year.
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.
Joseph Samuel Girard holds the Guinness World Record for being the greatest salesman in the world. He sold 13,001 cars at the Chevrolet dealership between 1963 and 1978. If you take the average, Joe was selling more than two cars each day. The number climbs up to six when you take holidays and weekends into account.
If you've ever wanted to know which car dealer is the world's largest, here's your answer: It's a dealership called Longo Toyota, it's located in El Monte, California (in the Los Angeles area), and it's truly, unbelievably, absurdly massive.
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