The automotive industry is one of the largest industries in the United States, second only to pharmaceuticals. Everything from cars I to tires are sold by this industry. This industry heavily relies on trade, which makes up 66% of its revenue. Although it has experienced some economic turbulence in recent years, the auto industry has historically had a very strong demand and should continue to grow as long as our economy does.
Top 10 Car Companies in the World:
Toyota is the world’s largest automotive manufacturer. They are valued at about $211 billion, and their nameplate for cars includes the Camry, Tundra, Prius, Sequoia, Yaris, Corolla, Corolla iM, Highlander Hybrid, Mirai and 86. Toyota also manufactures trucks, buses and industrial equipment. The company operates in more than 140 countries worldwide.
2. General Motors Company:
General Motors Company is the world’s largest automobile seller. The company has been in operation since 1908, but it did not produce or market automobiles until 1910. General Motors produces a variety of cars including Chevrolet, Buick, GMC, Cadillac, and many more. It also produces electric-powered cars under the Chevrolet Volt line.
3. Volkswagen Group:
The Volkswagen Group is the world’s largest car manufacturer as ranked by the International Organization of Motor Vehicle Manufacturers. The company has been in business since 1937 and is headquartered in Wolfsburg, Germany. In 2016, VW sold 10.6 million cars worldwide, up from 9.8 million in 2015. VW also owns Audi, SEAT, Skoda, Porsche and other companies that produce a variety of automobiles for customers around the globe.
4. Hyundai-Kia Automotive Group:
The Hyundai-Kia Automotive Group is the fifth-largest car company in the world, with both brands ranking in the top 10. Their combined sales for 2016 exceeded 7.4 million units, coming in at 8th place. The Hyundai-Kia Automotive Group is the fifth largest car company in the world, with both brands ranking in the top 10. Combined sales for 2016 exceeded 7.4 million units, coming in at 8th place.
5. Nissan Motor Company:
After the 2008 economic recession, many car companies were struggling to stay afloat. One of these companies was Nissan Motor Company, which has struggled to maintain its market share in the U.S. for over five years due to stiff competition from American and European car manufacturers like General Motors, Ford, Toyota, BMW, and others.
6. Honda Motor Company:
Honda is a Japanese company headquartered in Tokyo, Japan. The company was founded in 1948 and is best known for its Honda car division and Honda motorcycles. Honda employs over 142,000 people and has eight major automobile assembly plants in East Asia, two motorsport companies (Honda Racing Corporation and HRC), one aircraft engine company, one robotics company (Asimo) and three motorcycle producers across the globe.
7. Daimler AG:
Daimler AG has a German multinational automotive corporation headquartered in Stuttgart, Baden-Württemberg. They are the world’s largest producer of commercial vehicles and maker of luxury cars. In 2016 they had a combined revenue of €169.4 billion, and their operating profit was €10.1 billion.
8. BMW Group:
BMW Group is the second largest manufacturer of automobiles (both premium and luxury) in the world. The company has 43,000+ employees and controls about 25% of the luxury car market. Founded in 1916 by former aircraft engineer Karl Rapp, the company started producing airplane engines for his first two companies. When Rapp realized that demand had shifted to passenger cars, he founded BMW AG on July 7th 1916.
9. Fiat Chrysler Automobiles:
Fiat Chrysler Automobiles, or FCA, is an Italian-owned multinational corporation producing cars, trucks, and auto parts. The company has founded in 1899 with headquarters in Italy and the United States. Currently ranked the 9th largest car manufacturer in the world by revenue, FCA is one of the top 10 car companies in the world.
Tesla’s production is at 100,000 cars per year. They has ranked #2 in the Top 10 Car Companies. Tesla has different types of vehicles, for example the Model S and X, which are expensive but also offer a luxurious driving experience. Ford has been around for many years. They have been ranked in the top 10 car producers for the last 10 years. Their major vehicle is the Ford Mustang.
It is straightforward that the car industry in America has undergone multiple changes in the last few decades. The most distinctive change in this sector is that it has become internationalized, with companies from all over the world competing for market share in the United States. Here’s a list of the top 10 best-selling car companies in America.