October 6, 2022
Automobile

Top Car Brands in the World by Revenue in 2022

  • July 7, 2022
  • 6 min read
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Top Car Brands in the World by Revenue in 2022

With millions of units sold annually and billions upon billions of dollars in revenue, cars are currently one of the largest industries in the world. Today, automobiles actually outnumber people worldwide. Today’s cars come in a variety of shapes, sizes, and price points, from relatively affordable vehicles to middle-class vehicles to very expensive luxury vehicles. Even after several decades, some car models still manage to sell well. Therefore, it stands to reason that the largest automobile manufacturers also belong to the largest corporations worldwide.

1. Volkswagen AG 

Volkswagen is a global manufacturer of automobiles with its headquarters in Germany. It creates and produces light commercial vehicles like buses, trucks, and passenger automobiles. The Tiguan, Golf, Jetta, Passat, and other automobiles are examples. Due to a decline in the market for smaller automobiles, the business discontinued producing the once-popular Volkswagen Beetle tiny car last year. Porsche and Audi are the most well-known luxury brands from Volkswagen. Additionally, the business produces parts and provides fleet management and client financing services.

  • Revenue: $263.6 billion
  • Year of Foundation: 1937
  • Based in: Wolfsburg, Lower Saxony, Germany
  • Cars produced last year: 8.9 million
  • Number of employees (worldwide): 307,000
  • Owned Car Brands: VW, Audi, Porsche, Lamborghini, Bentley, Bugatti, SEAT, Skoda, MAN

2. Toyota Motor Corp.

Japanese-based global company Toyota. It was the first foreign manufacturer to establish a commanding market share in the American auto industry by establishing the benchmark for effectiveness and quality. Toyota creates and produces commercial vehicles, minivans, trucks, and cars. The Corolla, Camry, 4Runner, Tacoma, and the Prius, a hybrid electric sedan, are among the available vehicle makes. The company’s luxury car section is called Lexus. Additionally, Toyota makes parts and accessories and offers financing to dealers and the clients of those dealers.

  • Revenue: $258.7 billion
  • Year of Foundation: 1937
  • Based in: Toyota, Aichi, Japan
  • Cars produced last year: 9.5 million
  • Number of employees (worldwide): 366,000
  • Owned Car Brands: Toyota, Lexus, Ranz, Daihatsu, Hino

3. Mercedes-Benz AG

Since its founding in 1886, Mercedes-Benz has been advancing technology and outperforming all other automakers in terms of output. This automaker has continually been at the top of the list for car sales and production, raising the bar high for the competition. It has always been asserted and demonstrated that purchasing this brand of automobiles will help them build a bright future. This automaker has always blazed a trail in terms of bringing in a variety of environmentally friendly vehicles while maintaining performance standards.

  • Revenue: $182.5 billion
  • Year of Foundation: 1926
  • Based in: Stuttgart, Baden-Wurttemberg, Germany
  • Cars produced last year: 2.8 million
  • Number of employees: 288,000
  • Owned Car Brands: Mercedes-Benz, Smart

4. Ford Motor Company

Ford is a large, international automaker. The business creates, produces, and provides maintenance for automobiles, SUVs, vans, and trucks. The Fusion, Mustang, Edge, Escape, F-150, Ranger, and more vehicles are among the available makes. The business also offers leasing and financing for automobiles.

  • Revenue: $127.1 billion
  • Year of Foundation: 1903
  • Based in: Dearborn, Michigan, USA
  • Cars produced last year: 4.2 million
  • Number of employees: 186,000
  • Owned Car Brands: Ford, Lincoln

5. Honda Motor Company

Honda is a global automaker with its headquarters in Japan. It produces motorbikes, all-terrain vehicles, lorries, vans, passenger automobiles, and related parts. The Civic, Accord, Insight Hybrid, Passport, Odyssey, Fit, and other makes of cars are just a few examples. The company’s luxury car business is called Acura. Additionally, the business offers financial and insurance services. Always conduct research to make sure you’re working with the greatest car insurance provider possible, as you should with any type of insurance provider.

  • Revenue: $125.2 billion
  • Year of Foundation: 1948
  • Based in: Tokyo, Japan
  • Cars produced last year: 4.4 million
  • Number of employees: 211,000
  • Owned Car Brands: Honda, Acura

6. General Motors Company

A global maker of automobiles, General Motors. The business creates and produces automobiles, trucks, and auto parts. With the introduction of the Chevy Volt and the Chevy Bolt that followed, it has been a pioneer in the development of electric vehicles. GMC, Chevrolet, Cadillac, and Buick are the company’s four main autobrands. The business also provides financing for vehicles.

  • Revenue: $122.5 billion
  • Year of Foundation: 1908
  • Based in: Detroit, Michigan, USA
  • Cars produced last year: 6.8 million
  • Number of employees: 155,000
  • Owned Car Brands: Chevrolet, Cadillac, Buick, GMC

7. Bayerische Motoren Werke AG

Bayerische Motoren Werke, BMW is a global company established in Germany that produces high-end automobiles and motorcycles. The business creates and produces automobiles under a number of brands, including BMW, MINI, and Rolls-Royce. Additionally, the business sells accessories and spare parts while also offering retail clients credit financing, leasing, and other services.

  • Revenue: $117.1 billion
  • Year of Foundation: 1916
  • Based in: Munich, Bavaria, Germany
  • Cars produced last year: 2.3 million
  • Number of employees: 133,000
  • Owned Car Brands: BMW, Mini, Rolls-Royce

8. SAIC Motor Corporation Ltd.

The company has made the elite list for a record-breaking twelve times, reflecting on its constantly growing business. The corporation, which has its headquarters in Shanghai, China but conducts business all over the world, is also regarded as one of the “Big 4” government-owned Chinese premium vehicle brands. Vehicles, components, car trade & services, and financing are the company’s primary commercial activities. Since 2006, SAIC Motor has dominated the Chinese automotive industry.

  • Revenue: $107.6 billion
  • Year of Foundation: 1955
  • Based in: Shanghai, China
  • Cars produced last year: 5.6 million
  • Number of employees: 145,000
  • Owned Car Brands: SAIC, Maxus, Roewe, Nanjing, MG

9. Stellantis N.V.

The Italian-American conglomerate Fiat Chrysler Automobiles (FCA) and the French PSA Group joined together in 2021 to form Stellantis N.V., an international car manufacturing company.  The company’s main office is in Amsterdam.

Stellantis was the world’s fifth-largest carmaker in terms of vehicle sales in 2021, after Toyota, Volkswagen, Hyundai, and General Motors.

  • Revenue: $104.8 billion
  • Year of Foundation: 2021 (as a merger between Fiat Chrysler & Peugeot)
  • Based in: Amsterdam, North Holland, Netherlands
  • Cars produced last year: 6.2 million
  • Number of employees: 300,000
  • Owned Car Brands: Fiat, Chrysler, Peugeot, Citroen, Opel, Vauxhall, Alfa Romeo, Dodge, Jeep, Lancia, Maserati, Abarth, DS Automobiles, RAM

10. Hyundai Motor Company

Hyundai is a multinational automaker with headquarters in South Korea. The business creates and produces commercial vehicles, trucks, and passenger cars. The Accent, Elantra, Sonata, Santa Fe, Tucson, and its Genesis luxury division are among the available car models. The business also runs auto repair facilities, makes parts, and offers financing options.

  • Revenue: $93.2 billion
  • Year of Foundation: 1967
  • Based in: Seoul, South Korea
  • Cars produced last year: 4.9 million
  • Number of employees: 105,000
  • Owned Car Brands: Hyundai, Kia, Genesis, Ioniq

 

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Kelly Johnson

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