At around 16.9 percent, General Motors held the largest share of the auto market in the United States in 2023. General Motors remained the most successful automotive manufacturer in the United States. Between 2004 and 2021, however, the manufacturer lost market share, while that of Toyota rose as a result of an increased focus on light truck models in the lineup. This shifted in 2022, but 2023 led to another drop in market share of the American automaker, though the Toyota Motor Corporation also reported a drop in market share that year, accounting for around 14.5 percent of the U.S. light vehicle sales.
Asian manufacturers dominate non-domestic competition
Among the non-domestic manufacturers, Asian automakers proved to be the most successful group. Asian car brands selling vehicles to customers in the United States include Toyota, Honda, Nissan, Hyundai, and Subaru. Toyota was also among the most valuable automotive brands worldwide as of June 2023. Both Toyota and Lexus were the brands with the highest consumer satisfaction in the United States that same year.
How many brands do auto manufacturers own?
General Motors, Ford, and Toyota are the leading automotive manufacturers based on market share in the United States. The Ford Motor Company mainly sells vehicles under its namesake brand, while the Toyota Motor Corporation offers several brands, including Lexus and Toyota. General Motors sells vehicles under various brands, including Chevrolet, Buick, and GMC. In 2017, GM and PSA Group closed a deal in which the French carmaker acquired GM's Opel and Vauxhall brands.
FAQs
General Motors was the market leader in terms of U.S. light vehicle sales in 2023. Between January and December 2023, consumers in the United States bought around 2.6 million GM vehicles, making General Motors the producer of approximately 16.9 percent of the automobiles sold in the U.S. during that time.
Who is the largest car manufacturer in 2023? ›
Toyota keeps crown as world's top-selling automaker in 2023.
What car company has the highest market share in the US? ›
Automotive manufacturers' estimated market share in the U.S. 2023. At around 16.9 percent, General Motors held the largest share of the auto market in the United States in 2023. General Motors remained the most successful automotive manufacturer in the United States.
Which car company sold the most cars in 2023? ›
In 2023, the Toyota Group's eponymous subsidiary, Toyota, held the largest share of the global car market. The Volkswagen Group and Hyundai-Kia came second in the ranking, with some 8.8 million and 7.1 million sales, respectively.
What is the market share of the automotive industry? ›
Overall, Cox's data shows GM leading the way in the US by market share (16.5%), followed by Toyota (14.4%), Ford (12.7%), Hyundai (10.6%), Stellantis (9.8%), Honda (8.4%), Nissan-Mitsubishi (6.3%), and Tesla (4.2%).
Who are the biggest automotive suppliers in 2023? ›
BASF SE, Denso Corp, Mitsubishi Electric Corp, Hyundai Mobis Co Ltd, and Magna International Inc are the top 5 automotive suppliers in the world in 2023 by market capitalization (as of Mar 31, 2023).
What is the #1 selling vehicle in America? ›
What Is The Top Selling Car? The top selling vehicle in the US is the Ford F-150 with 750,789 units sold in 2023. The best-selling cars (as in, a traditional sedan), is the Toyota Camry with 290,649 units sold in 2023.
Who are the top 3 auto manufacturers? ›
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.
Which car has highest market share? ›
Maruti Suzuki is the most popular automobile brand in India, with a market share of over 42%.
Which car manufacturer sells the most cars every year? ›
The company that sold the most cars globally is Toyota.
Car brand market share worldwide 2023
In 2023, the ranking of the world's largest car brands was topped by Toyota with a market share of around 10.7 percent.
What is the best-selling SUV in the world 2023? ›
The Tesla Model Y was the best-selling SUV model in 2023. This was the first year the Tesla Model reached first place, with sales up by 51.2 percent. The Toyota RAV4, which had been the bestseller for the past four years, was second in the ranking.
Who is at the top of the automotive industry? ›
Automotive Industry 2024 Ranking
| 2024 | 2022 | Name |
|---|
| 1 | 2 | Mercedes-Benz |
| 2 | 3 | Tesla |
| 3 | 1 | Toyota |
| 4 | 6 | Porsche |
6 more rowsCar sales - Ranking. California is the top region by car sales in the United States of America. As of 2023, car sales in California was 151.9 billion US dollars that accounts for 12.65% of the United States of America's car sales.
What is the market share of SUVs in the US? ›
In 2021, SUVs accounted for 46% of new vehicle sales in the US, up from 38% in 2016. There are a number of factors that have contributed to the growth of the SUV segment. One factor is the rising cost of fuel. As fuel prices have increased, consumers have become more interested in vehicles that get better gas mileage.
Who is the largest car manufacturer in the world in 2024? ›
Here are the top 10 biggest car companies leading the industry in 2024:
| Rank | Car Company | Market Cap (in USD) |
|---|
| 1 | Tesla | $565.95 bln |
| 2 | Toyota | $298.14 bln |
| 3 | BYD | $87.54 bln |
| 4 | Porsche | $81.68 bln |
6 more rowsMay 23, 2024
- Volkswagen AG: Topping the chart with its illustrious range of vehicles and dazzling sales numbers, Volkswagen AG recorded colossal revenues amounting to USD 318.32 billion.
- Toyota Motor Corporation: We've already mentioned that Toyota is ramping up its EV production.
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. Global sales, including those of subsidiaries Daihatsu Motor Co.
Who is the largest producer of cars in the world? ›
China is the world's largest producer of vehicles, manufacturing more than 21.4 million cars and 4.6 million commercial vehicles in 2021 for a total production of just over 26 million vehicles.
