Top 8 Largest Car Companies In The World
We often see articles about the newest car models or trims available from a given manufacturer and how well they’re selling and being perceived by the public. But how are the manufacturers themselves doing? How much money are these companies generating in revenue and what is their market cap on the stock market today? Today we will answer these questions as well as looking into how many vehicles they sold in 2020 and a company summary. All sales and revenue figures will be as of year-end 2020 and market cap will be as of 8/13/21.
1. Toyota Motor Corp. (TM)
Revenue (Fiscal Year): $256.7 Billion
Net Income (Fiscal Year): $19.2 Billion
Market Cap: $252.7 Billion
Vehicle Sales: 7,646,000
Toyota is a Japan-based multinational corporation. Toyota is one of the biggest and most renown automotive brands in the world, well known for their industry leading production efficiency and quality. Toyota produces all types of vehicles from passenger cars to commercial vehicles. Well known for the Land Cruiser, 4Runner, Camry, Prius, and countless others. Toyota is also the parent company of the brands luxury division Lexus, a reputable luxury brand that embraces Toyota’s reputation for reliability.
2. Volkswagen AG (VWAGY)
Revenue (Fiscal Year): $262.9 Billion
Net Income (Fiscal Year): $10.3 Billion
Market Cap: $182.8 Billion
Vehicle Sales: 9,305,372
Volkswagen is a Germany-based multinational automotive company. Volkswagen AG owns many well-known automotive brands across the globe. A few examples are Porsche, Audi, Lamborghini, SEAT, and many more. Their most well-known Volkswagen models are the Golf, Jetta, Tiguan, Passat, and the now discontinued Beetle. Volkswagen has seen great growth over the past year and due to increased sales and production.
3. Daimler AG (DMLRY)
Revenue (Fiscal Year): $182.1 Billion
Net Income (Fiscal Year): $4.7 Billion
Market Cap: $95.3 Billion
Vehicle Sales: 2,840,402
Daimler AG Germany-based multinational automobile manufacturer. Daimler manufactures passenger cars, off-road vehicles, vans, and commercial vehicles. They are most well-known for brands like Mercedes-Benz, Mercedes-AMG, Smart, Freightliner, and many more. Mercedes’ most popular models are the G-Wagen, S-Class, C-Class, and A-Class. Mercedes also has a very popular Formula 1 Team that Daimler is a 33% owner of.
4. General Motors Co. (GM)
Revenue (Fiscal Year): $122 Billion
Net Income (Fiscal Year): $6.4 Billion
Market Cap: $77.9 Billion
Vehicle Sales: 6,800,000
General Motors is an American-based multinational corporation. GM manufactures cars, trucks, and automobile components. GM owns many well-known brands in America such as GMC, Chevrolet, Cadillac, and Buick. GM’s most popular vehicles are the Chevy Silverado, Camaro, GMC Sierra, Cadillac Escalade and many more. They have been a leader in development of electric cars such as the Chevy Bolt and Volt and the upcoming Hummer EV. GM has seen tremendous growth in recent years and that is unlikely to stop.
5. Honda Motor Co. Ltd. (HMC)
Revenue (Fiscal Year): $136.2 Billion
Net Income (Fiscal Year): $5.7 Billion
Market Cap: $56.2 Billion
Vehicle Sales: 4,790,000
Honda is a Japan-based multinational automobile company. Honda manufactures passenger cars, vans, trucks, and motorcycles. Honda’s best selling vehicles are the Civic, Accord, Fit, Passport, and Odyssey. They also have a luxury car division called Acura. On top of that they are the world’s largest motorcycle manufacturer selling over 15,000,000 motorcycles worldwide annually.
6. Ford Motor Co. (F)
Revenue (Fiscal Year): $127 Billion
Net Income (Fiscal Year): $-1.2 Billion
Market Cap: $54.3 Billion
Vehicle Sales: 4,200,000
Ford is a US-Based multinational automotive manufacturer. Ford is best known for vehicles like the F-150, Mustang, Explorer, and Focus. They have had the best-selling vehicle model in America for 40+ years, the F-Series truck. 2020 was a bad year for Ford losing $-1.2B in income due to several non-covid related factors. However, they have been profitable for the first two quarters of 2021.
7. Bayerische Motoren Werke AG (BMW)
Revenue (Fiscal Year): $98.9 Billion
Net Income (Fiscal Year): $3.7 Billion
Market Cap: $64.8 Billion
Vehicle Sales: 2,249,608
Bayerishe Motren Werke, better known as BMW, is a Germany-based multinational manufacturer. The brand manufactures multiple brands of luxury vehicles such as BMW, Rolls-Royce, BMW’s motorcycle division, and the less luxurious Mini. BMW is best known for vehicles such as the M3, M5, S1000RR,and the X5. BMW and Mercedes have a strong rivalry with both brands being German luxury automakers.
8. Fiat Chrysler Automobiles N.V./Stellantis (STLA)
Revenue (Fiscal Year): $102 Billion
Net Income (Fiscal Year): $28.3 Million
Market Cap: $68.3 Billion
Vehicle Sales: 3,800,000
Fiat Chrysler is an Italy-based multinational automotive company who recently completed a merger with Frances PSA to create Stellantis. This merger now unites Peugeot, Citroen, Fiat, Chrysler, Jeep, Ram, Maserati, Alfa Romeo, and others under one company. These brands manufacture passenger automobiles and commercial vehicles. Some of their best-known vehicles are the Ram 1500, Dodge Hellcat, Jeep Wrangler, and Fiat 500. This merger is expected to significantly increase the company’s profitability with reworking from the ground up occurring within the organization.
*Disclaimer: Tesla is the largest car company by market cap at $710 Billion they only generated $11.9 Billion in revenue and $600 Million in profit and sold 499,000 vehicles worldwide, suggesting an overvaluation and unfair comparison to the other brands on this list.