Top 10 Automobile Companies in the World by Sales [2024]

Did you know that the global auto industry is witnessing a transformation, with electric vehicles taking over the dominant position of traditional fuel vehicles in the market? It’s an exciting time for car enthusiasts and buyers alike. In this article, we will explore the top 10 automobile companies in the world by sales in 2024. So buckle up and let’s dive in!

Quick Answer

• Toyota Motor Corp. remains the world’s top-selling automaker, selling 10.48 million vehicles in 2022.
• Volkswagen Group comes in second place, selling 8.3 million vehicles worldwide.
• Hyundai Motor Group ranks third, with 6.88 million units sold in 2022.

Quick Tips and Facts

• Toyota’s sales fell 0.1% from the previous year, marking its first year-over-year decline in two years.
• Hyundai Motor sold 3.94 million units, up 1.4% from 2021, while Kia sold 2.9 million units, up 4.6% from 2021.
• General Motors regained its position as the top-selling automaker in the U.S. in 2022.
• Tesla sold more than 1 million vehicles worldwide for the first time in history, moving up to number 15 on the list of global top-selling automakers by volume.
• Total sales are expected to reach 84.1 million units in 2023, up 3.8% from 2022’s total.

Background: The Evolution of the Automobile Industry

Before we dive into the top 10 automobile companies, let’s take a moment to appreciate the evolution of the automobile industry. From the invention of the first gasoline-powered automobile by Karl Benz in 1886 to the rise of electric vehicles in the 21st century, the automotive industry has come a long way.

Over the years, advancements in technology, design, and manufacturing processes have revolutionized the way we travel and interact with cars. From compact city cars to luxurious SUVs, there is a wide range of options available to suit every individual’s needs and preferences.

Now, let’s explore the top 10 automobile companies in the world by sales in 2024.

1. Toyota Motor Corp.

✅ Toyota Motor Corp. continues to hold the title of the world’s top-selling automaker, selling 10.48 million vehicles in 2022. Despite a 0.1% decline in sales from the previous year, Toyota remains a dominant force in the global automotive market.

Toyota’s success can be attributed to its reputation for producing reliable, fuel-efficient vehicles that cater to a wide range of consumers. The company offers a diverse lineup of cars, trucks, SUVs, and hybrid vehicles, including popular models like the Camry, Corolla, and RAV4.

✅ Why choose Toyota?

• Toyota vehicles are known for their exceptional reliability and longevity.
• The company has a strong commitment to safety, with many of its models equipped with advanced driver-assistance systems.
• Toyota offers a wide range of hybrid vehicles, making it a leader in the transition to electric mobility.

❌ Drawbacks of Toyota

• Some critics argue that Toyota’s designs can be conservative and lack excitement compared to its competitors.
• The company has faced recalls in the past, raising concerns about quality control.

If you’re in the market for a reliable and fuel-efficient vehicle, Toyota is definitely a brand worth considering. [CHECK PRICE on: Toyota Official Website | TrueCar | Edmunds | Auto Trader]

2. Volkswagen Group

✅ Volkswagen Group takes the second spot on our list, selling 8.3 million vehicles worldwide in 2022. While the company experienced a 7% decline in sales from the previous year, it remains a major player in the global automotive industry.

Volkswagen offers a wide range of vehicles under various brands, including Volkswagen, Audi, Porsche, and Lamborghini. The company is known for its German engineering and high-quality craftsmanship.

✅ Why choose Volkswagen?

• Volkswagen vehicles are known for their solid build quality and refined driving experience.
• The company offers a diverse lineup of vehicles, ranging from compact cars to luxury SUVs.
• Volkswagen is committed to electric mobility, with the introduction of its ID. series of electric vehicles.

❌ Drawbacks of Volkswagen

• Some consumers have raised concerns about the reliability of Volkswagen vehicles, particularly in terms of electrical issues.
• The company has faced scrutiny in the past due to the “dieselgate” scandal, which damaged its reputation.

If you’re looking for a well-built and versatile vehicle, Volkswagen is a brand worth considering. [CHECK PRICE on: Volkswagen Official Website | TrueCar | Edmunds | Auto Trader]

3. Hyundai Motor Group

✅ Hyundai Motor Group secures the third spot on our list, with 6.88 million units sold worldwide in 2022. The group consists of two major brands, Hyundai and Kia, both of which have seen steady growth in recent years.

Hyundai Motor sold 3.94 million units in 2022, representing a 1.4% increase from the previous year. Kia, on the other hand, sold 2.9 million units, experiencing a 4.6% growth in sales.

✅ Why choose Hyundai Motor Group?

• Hyundai and Kia offer a wide range of vehicles that cater to different market segments and budgets.
• The brands are known for their value for money, offering competitive features and technology at affordable prices.
• Hyundai and Kia have made significant strides in the electric vehicle market, with models like the Hyundai Kona Electric and Kia Niro EV.

❌ Drawbacks of Hyundai Motor Group

• Some consumers have raised concerns about the long-term reliability of Hyundai and Kia vehicles.
• The brands may not have the same level of prestige and brand recognition as their European counterparts.

If you’re looking for a reliable and affordable vehicle, Hyundai and Kia are brands worth considering. [CHECK PRICE on: Hyundai Official Website | Kia Official Website | TrueCar | Edmunds | Auto Trader]

4. Renault–Nissan Alliance

✅ Renault–Nissan Alliance ranks fourth on our list, with 6.39 million units sold in 2022. The alliance between Renault and Nissan has been a successful partnership, allowing both companies to leverage their strengths and expand their global presence.

Renault is a French automaker known for its stylish and practical vehicles, while Nissan is a Japanese automaker with a reputation for innovation and performance. Together, they offer a diverse lineup of cars, including electric and hybrid models.

✅ Why choose Renault–Nissan Alliance?

• The alliance offers a wide range of vehicles that cater to different market segments and preferences.
• Renault and Nissan have made significant investments in electric mobility, with models like the Renault ZOE and Nissan Leaf.
• The brands are known for their commitment to safety and advanced driver-assistance systems.

❌ Drawbacks of Renault–Nissan Alliance

• Some consumers have raised concerns about the reliability of certain Renault and Nissan models.
• The brands may not have the same level of brand recognition and prestige as their competitors.

If you’re looking for a stylish and innovative vehicle, the Renault–Nissan Alliance has a lot to offer. [CHECK PRICE on: Renault Official Website | Nissan Official Website | TrueCar | Edmunds | Auto Trader]

5. Stellantis

✅ Stellantis takes the fifth spot on our list, with 6.34 million units sold in 2022. Stellantis is a multinational automotive company formed through the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA.

The company offers a diverse lineup of vehicles under various brands, including Fiat, Chrysler, Jeep, Peugeot, and Citroën. Stellantis is known for its iconic models and global presence.

✅ Why choose Stellantis?

• Stellantis offers a wide range of vehicles that cater to different market segments and preferences.
• The company has a strong heritage and brand recognition, with iconic models like the Jeep Wrangler and Fiat 500.
• Stellantis is committed to electric mobility, with the introduction of electric and hybrid models across its brands.

❌ Drawbacks of Stellantis

• Some consumers have raised concerns about the reliability and quality of certain Stellantis vehicles.
• The company may face challenges in integrating the different brands and cultures within the organization.

If you’re looking for a vehicle with heritage and character, Stellantis has a lineup that will catch your attention. [CHECK PRICE on: Stellantis Official Website | TrueCar | Edmunds | Auto Trader]

6. General Motors

✅ General Motors secures the sixth spot on our list, with 5.84 million units sold in 2022. General Motors is an American automaker known for its wide range of vehicles, including Chevrolet, GMC, Buick, and Cadillac.

In 2022, General Motors regained its position as the top-selling automaker in the U.S. The company offers a diverse lineup of cars, trucks, and SUVs, catering to different market segments and preferences.

✅ Why choose General Motors?

• General Motors offers a wide range of vehicles that cater to different market segments and preferences.
• The company has a strong presence in the American market, with iconic models like the Chevrolet Silverado and Cadillac Escalade.
• General Motors is committed to electric mobility, with the introduction of electric and hybrid models across its brands.

❌ Drawbacks of General Motors

• Some consumers have raised concerns about the reliability and quality of certain General Motors vehicles.
• The company may face challenges in adapting to the changing automotive landscape and consumer preferences.

If you’re looking for an American-made vehicle with a wide range of options, General Motors has something for everyone. [CHECK PRICE on: General Motors Official Website | TrueCar | Edmunds | Auto Trader]

7. Honda Motor

✅ Honda Motor ranks seventh on our list, with 3.74 million units sold in 2022. Honda is a Japanese automaker known for its reliable and fuel-efficient vehicles.

The company offers a diverse lineup of cars, motorcycles, and power equipment. Honda is known for its innovative technology and commitment to sustainability.

✅ Why choose Honda Motor?

• Honda vehicles are known for their exceptional reliability and fuel efficiency.
• The company offers a wide range of vehicles, including popular models like the Honda Civic and Honda CR-V.
• Honda is committed to sustainability, with the introduction of hybrid and electric models.

❌ Drawbacks of Honda Motor

• Some consumers have raised concerns about the lack of excitement and performance in certain Honda models.
• The company may not have the same level of brand recognition and prestige as its competitors.

If you’re looking for a reliable and fuel-efficient vehicle, Honda is a brand worth considering. [CHECK PRICE on: Honda Official Website | TrueCar | Edmunds | Auto Trader]

8. Ford Motor

✅ Ford Motor secures the eighth spot on our list, with 3.67 million units sold in 2022. Ford is an American automaker known for its iconic models and strong presence in the global automotive market.

The company offers a diverse lineup of cars, trucks, and SUVs, including popular models like the Ford F-150 and Ford Mustang. Ford is known for its commitment to innovation and performance.

✅ Why choose Ford Motor?

• Ford vehicles are known for their durability and performance.
• The company offers a wide range of vehicles, catering to different market segments and preferences.
• Ford is committed to electric mobility, with the introduction of electric and hybrid models like the Ford Mustang Mach-E.

❌ Drawbacks of Ford Motor

• Some consumers have raised concerns about the reliability and quality of certain Ford models.
• The company may face challenges in adapting to the changing automotive landscape and consumer preferences.

If you’re looking for an American-made vehicle with a strong heritage, Ford is a brand worth considering. [CHECK PRICE on: Ford Official Website | TrueCar | Edmunds | Auto Trader]

9. Suzuki Motor

✅ Suzuki Motor takes the ninth spot on our list, with 2.89 million units sold in 2022. Suzuki is a Japanese automaker known for its compact and affordable vehicles.

The company offers a diverse lineup of cars, motorcycles, and outboard motors. Suzuki is known for its fuel-efficient vehicles and practical designs.

✅ Why choose Suzuki Motor?

• Suzuki vehicles are known for their fuel efficiency and affordability.
• The company offers a wide range of compact cars and SUVs, catering to different market segments and preferences.
• Suzuki has a strong presence in emerging markets, where its compact vehicles are popular.

❌ Drawbacks of Suzuki Motor

• Some consumers have raised concerns about the lack of advanced features and technology in certain Suzuki models.
• The brand may not have the same level of brand recognition and prestige as its competitors.

If you’re looking for a compact and affordable vehicle, Suzuki is a brand worth considering. [CHECK PRICE on: Suzuki Official Website | TrueCar | Edmunds | Auto Trader]

10. BMW Group

✅ BMW Group secures the tenth spot on our list, with 2.33 million units sold in 2022. BMW is a German automaker known for its luxury and performance vehicles.

The company offers a diverse lineup of cars, including popular models like the BMW 3 Series and BMW X5. BMW is known for its precise engineering and driving dynamics.

✅ Why choose BMW Group?

• BMW vehicles are known for their luxury, performance, and cutting-edge technology.
• The company offers a wide range of vehicles, catering to different market segments and preferences.
• BMW is committed to electric mobility, with the introduction of electric and hybrid models like the BMW i3 and BMW iX.

❌ Drawbacks of BMW Group

• Some consumers have raised concerns about the high cost of ownership and maintenance for BMW vehicles.
• The brand may not be as affordable or practical as its competitors.

If you’re looking for a luxury and performance vehicle, BMW is a brand worth considering. [CHECK PRICE on: BMW Official Website | TrueCar | Edmunds | Auto Trader]

FAQ

Which company sells the most cars in the world?

As of 2022, Toyota Motor Corp. remains the world’s top-selling automaker, selling 10.48 million vehicles. Toyota’s reputation for reliability and fuel efficiency has contributed to its success in the global automotive market.

Read more about “What is statistically the best car brand? …”

Who is the largest automobile manufacturer in the world by sales?

Toyota Motor Corp. is the largest automobile manufacturer in the world by sales. The company has consistently held this position for several years, thanks to its diverse lineup of vehicles and commitment to quality.

Which car company sells the most cars in the world in 2023?

While it’s difficult to predict future sales figures, Toyota Motor Corp. is expected to maintain its position as the top-selling automaker in the world in 2023. The company’s strong brand reputation and commitment to innovation give it a competitive edge in the global automotive market.

Read more about “Top 50 Automobile Companies in the World …”

Which auto company has the highest revenue?

As of 2022, Toyota Motor Corp. has the highest revenue among auto companies. The company’s strong sales and global presence contribute to its financial success.

Conclusion

In conclusion, the top 10 automobile companies in the world by sales in 2024 are:

1. Toyota Motor Corp.
2. Volkswagen Group
3. Hyundai Motor Group
4. Renault–Nissan Alliance
5. Stellantis
6. General Motors
7. Honda Motor
8. Ford Motor
9. Suzuki Motor
10. BMW Group

Each of these companies offers a diverse lineup of vehicles, catering to different market segments and preferences. Whether you’re looking for reliability, performance, or luxury, there is a brand on this list that will suit your needs.

When making a purchasing decision, consider factors such as reliability, fuel efficiency, safety features, and brand reputation. Take the time to test drive different models and compare prices to ensure you’re getting the best value for your money.

Remember, the global auto industry is constantly evolving, with electric vehicles gaining popularity and traditional fuel vehicles facing new challenges. Stay informed about the latest trends and advancements in the automotive industry to make an informed decision.

Happy car shopping!

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Reference Links

• The World’s Top-Selling Automakers, Ranked – Car Logos