[2023] Which Car Company Sells the Most Cars in the World?

Quick Answer

The car company that sells the most cars in the world is Toyota. With a global market share of 10.5 million vehicles sold in 2022, Toyota has consistently maintained its position as the top-selling car brand. Toyota’s success can be attributed to its reputation for reliability, fuel efficiency, and a diverse lineup of vehicles that cater to various consumer needs.

CHECK PRICE on: Toyota Official Website

Quick Tips and Facts

• Toyota is the most sold car brand in the world, with a market share of 10.5 million vehicles sold in 2022.
• Toyota’s revenue in 2022 was $267.02 billion.
• The car industry is projected to grow at a CAGR of 4.03% through 2030.
• The market size of the global car industry is $2.86 trillion U.S. dollars.
• Americans bought nearly 3 million automobiles in 2022.

Background

The automotive industry is a highly competitive market, with numerous car companies vying for the top spot. The success of a car company is determined by various factors, including sales volume, revenue, market share, and customer satisfaction. In this article, we will explore which car company sells the most cars in the world and delve into the reasons behind their success.

The 11 Largest Car Companies in the World: A Closer Look

1. Toyota

Toyota is the undisputed leader in the global automotive industry. With a market share of 10.5 million vehicles sold in 2022, Toyota has consistently outperformed its competitors. The Japanese automaker is known for its commitment to quality, reliability, and innovation. Toyota offers a diverse range of vehicles, including sedans, SUVs, trucks, and hybrids, catering to a wide range of consumer preferences.

CHECK PRICE on: Toyota Official Website

2. Volkswagen Group

Volkswagen Group is one of the largest car manufacturers in the world. With a revenue of $293.83 billion in 2022, Volkswagen has a strong presence in both the European and global markets. The company owns popular brands such as Volkswagen, Audi, Porsche, and Lamborghini, offering a wide range of vehicles to suit different customer segments.

CHECK PRICE on: Volkswagen Official Website

3. Stellantis

Stellantis is a multinational automotive company formed by the merger of Fiat Chrysler Automobiles (FCA) and Groupe PSA. With a revenue of $172.4 billion in 2022, Stellantis is a major player in the global automotive industry. The company owns iconic brands such as Jeep, Ram, Dodge, Peugeot, and Citroën, offering a diverse lineup of vehicles.

CHECK PRICE on: Jeep on TrueCar | Ram on Edmunds | Dodge on Auto Trader**

4. Ford Motor Company

Ford Motor Company is an American automaker with a rich history and a strong global presence. With a revenue of $158.05 billion in 2022, Ford offers a wide range of vehicles, including sedans, SUVs, trucks, and electric vehicles. The company is known for its iconic models such as the Ford Mustang and F-150.

CHECK PRICE on: Ford Official Website

5. Mercedes-Benz Group

Mercedes-Benz Group is a luxury car manufacturer renowned for its premium vehicles and cutting-edge technology. With a revenue of $157.96 billion in 2022, Mercedes-Benz offers a wide range of luxury sedans, SUVs, and electric vehicles. The brand is synonymous with elegance, performance, and advanced safety features.

CHECK PRICE on: Mercedes-Benz Official Website

6. General Motors

General Motors (GM) is an American multinational corporation that designs, manufactures, and sells vehicles and vehicle parts. With a revenue of $156.7 billion in 2019, GM is one of the largest car companies in the world. The company owns popular brands such as Chevrolet, GMC, Buick, and Cadillac, offering a diverse lineup of vehicles.

CHECK PRICE on: Chevrolet on TrueCar | GMC on Edmunds | Buick on Auto Trader | Cadillac on TrueCar

7. BMW

BMW is a German luxury car manufacturer known for its performance-oriented vehicles and iconic designs. With a revenue of $150.254 billion in 2022, BMW offers a wide range of luxury sedans, SUVs, and electric vehicles. The brand is synonymous with driving pleasure, precision engineering, and advanced technology.

CHECK PRICE on: BMW Official Website

8. SAIC Motor

SAIC Motor is a Chinese automotive company that manufactures and sells passenger cars and commercial vehicles. With a revenue of $121.4 billion in 2022, SAIC Motor is one of the largest car companies in China. The company owns popular brands such as MG, Roewe, and Maxus, catering to the diverse needs of Chinese consumers.

CHECK PRICE on: MG Official Website | Roewe Official Website | Maxus Official Website

9. FAW

FAW (First Automobile Works) is a Chinese state-owned automotive manufacturing company. With a revenue of $109.4 billion in 2022, FAW is one of the leading car companies in China. The company owns popular brands such as Hongqi, Bestune, and Jiefang, offering a diverse range of vehicles.

CHECK PRICE on: Hongqi Official Website | Bestune Official Website | Jiefang Official Website

10. Hyundai Motor America

Hyundai Motor America is the American subsidiary of the South Korean automaker Hyundai Motor Company. With a revenue of $105.12 billion in 2022, Hyundai offers a wide range of vehicles known for their value, reliability, and fuel efficiency. The company owns popular brands such as Hyundai and Genesis.

CHECK PRICE on: Hyundai Official Website | Genesis Official Website

11. Tesla

Tesla is an American electric vehicle manufacturer known for its innovative and high-performance electric cars. With a revenue of $81.4 billion in 2022, Tesla has gained significant popularity in recent years. The company offers a range of electric vehicles, including sedans, SUVs, and sports cars, with a focus on sustainability and cutting-edge technology.

CHECK PRICE on: Tesla Official Website

Car Companies FAQs

What is the highest selling car company in the world?

The highest selling car company in the world is Toyota. With a market share of 10.5 million vehicles sold in 2022, Toyota has consistently maintained its position as the top-selling car brand. Toyota’s success can be attributed to its reputation for reliability, fuel efficiency, and a diverse lineup of vehicles that cater to various consumer needs.

What is the most sold car brand in the world 2023?

The most sold car brand in the world in 2023 is Toyota. With a market share of 10.5 million vehicles sold in 2022, Toyota has established itself as the leader in the global automotive industry. Toyota’s commitment to quality, innovation, and customer satisfaction has contributed to its success and popularity among consumers worldwide.

Read more about “… Car Brand Statistics Worldwide”

Conclusion

In conclusion, Toyota is the car company that sells the most cars in the world. With a global market share of 10.5 million vehicles sold in 2022, Toyota has consistently outperformed its competitors. The company’s success can be attributed to its reputation for reliability, fuel efficiency, and a diverse lineup of vehicles that cater to various consumer needs. Whether you’re looking for a compact sedan, a spacious SUV, or a fuel-efficient hybrid, Toyota offers a wide range of options to suit your preferences.

When it comes to choosing a car company, it’s important to consider factors such as reliability, performance, safety features, and customer satisfaction. Each of the top car companies mentioned in this article has its own strengths and unique offerings. We recommend exploring the websites of these car companies to learn more about their vehicles and find the one that best suits your needs.

Recommended Links

• Car Brand Comparisons
• Car Brand Market Shares
• Car Brand Lists
• Car Brand Histories
• Which Car Company Sells the Most Cars?

Reference Links

• The 11 Largest Car Companies In The World – Zippia