Top 10 Car Brands in the World 2022 | MBA school (2023)

In this article, we have made the list of the top car brands in the world in 2022 based on the business parameter of revenue. The top automotive companies or car manufacturers are part of one of the most important sectors in the world when we see the revenues they generate. These top car brands encompass a wide range of companies and organizations engaged in the design, development, manufacture, marketing and sale of motor vehicles. Sales in the auto sector improved after the pandemic year. Electric cars and vehicles continue to be the focus of global automotive companies. The best car companies in the world sell a range of vehicles like sedans, hatchbacks, SUVs, trucks, buses, electric vehicles, etc.

The automotive sector is heavily dependent on cars and trucks manufactured by these major automakers in the world. Many non-traditional technology companies as well as the big auto companies are now also getting into auto manufacturing by utilizing technologies in the fields of driverless cars, electric vehicles, smart cars, IoT, etc. The Race for the Top Car brands in the world are getting busier as more technological innovations take place every day. Connected cars define the next era for these major automakers. These car brands not only focus on selling cars, but also on the end-to-end customer experience from sales to service.

Top car brands in the world 2022 by sales

The list of top car brands in the world includes Volkswagen, Toyota, Daimler, GM followed by BMW, Ford, Honda, SAIC etc. Here is a list of top 10 car brands in the world 2022.

Rank 1. Volkswagen

The Volkswagen Group is one of the largest manufacturers in the world with its headquarters in Wolfsburg, Germany.

Image: company website

The Group consists of two divisions: the automotive divisions and the financial services divisions. The automotive divisions continue to include the passenger car, commercial vehicle and power engineering business areas.

The vision of Volkswagen passenger cars is "moving and advancing people". The group has a reputation of owning major car brands such as Volkswagen Passenger Cars, Audi, SEAT, Skoda, etc. With the strategy of being the world's leading automaker in terms of innovation and intelligence, Volkswagen builds on 7 strong valleys of sense of responsibility, respect, cooperation, learning, trust, strong attitude towards success and determination that enhances the joy of working and dealing with the challenges of the employees. The company has launched its future program "TOGETHER - Strategy 2025" to transform its core automotive business and will, among other things, bring more than 30 more fully electric cars to market by 2025.

Revenue ($Bn): 302

Platz 2. Toyota Motors

Toyota Motor Corporation is the largest automaker in the world. It is a Japanese multinational company with a global presence.

Image: pixabay

Headquartered in Aichi, Japan, the company has grown into one of the top-selling companies. The company operates more than 50 overseas manufacturing bases spread over 30 countries and regions around the world. This includes all broad regions of the world including North America, Latin America, Africa, Asia-Oceania and Europe. The company recently celebrated its 75th anniversary. To celebrate its 75th anniversary, the company has compiled 75 Years of Toyota. Toyota Motors is committed to innovation that helps them excel in motorsport. Toyota also takes initiatives to involve customers in the future they dream of. Toyota shows commitment to safety by introducing the "Integrated Safety Management Concept". As a result, the company supports the driver in every phase of driving (parking, active safety, pre-collision safety, passive safety and rescue) by integrating each system. Toyota ranks 2nd in the 2022 Top Car Brands list. With a vision to lead the future of mobility and to be the most admired brand, Toyota is committed to five core values: conquering all challenges to achieve the vision, Kaizen - working towards continuous improvement, Genchi Genbutsu - finding the right facts to make the right decision, mutual trust and teamwork to fulfill their commitment to quality, innovation and sustainability. It currently employs more than 350,000 people around the world who strive to provide the ultimate driving experience through performance, comfort, usability, safety and design.

Revenue (Billion USD): 245

3rd place. Daimler

Daimler AG is one of the world's largest manufacturers and suppliers of premium passenger cars and commercial vehicles around the world.

Image: pixabay

The history of Daimler, one of the largest manufacturers of premium luxury cars, begins way back in 1886. The company is headquartered in Stuttgart, Germany. The company has a strong presence through Mercedes-Benz passenger cars, Daimler trucks, vans, buses and financial services. The company has its global presence in several areas. The Mercedes-Benz company is also a specialist in all-terrain all-wheel drive brands. The company also performed exceptionally well in the electric car segment, having sold 130,000 Smart electric models worldwide. Mercedes-Benz Cars also sets an unprecedented record streak by increasing its sales every month for more than four years - without interruption and thus ranked 3rd in the top car brand list. As a measure for the future, Daimler is working with Bosch to advance the development of highly automated driving and driverless cars.

Revenue ($Bn): 174

Rang 4. Ford Motor

Ford Motor Company is an American multinational automobile manufacturer founded in Delaware in 1919.

Image: pixabay

The company began by acquiring the business of a Michigan firm, also known as Ford Motor Company, which had been founded in 1903 to manufacture and sell automobiles designed and engineered by Henry Ford. With approximately 200,000 employees worldwide, the company manufactures and services a full line of Ford cars, trucks, electric vehicles, etc. Ford Motors' vehicle brands include Ford and Lincoln. Ford's comeback story from the Great Recession of 2008 is a paradigm for inspiration. The company achieved this feat by restructuring and revitalizing its business. The company has managed to be one of the top-grossing companies in the United States. The company has also launched several models over the past year including F-150, EcoSport, Focus Electric, all-new Fiesta and all-new Expedition, and an all-new Lincoln Navigator, and thus has always been among the top car brands worldwide since its inception. Ford forms its values ​​on 3Ps, People Product and Profit, where they feel that their people are their source of strength and their products are the result of their continuous effort and Profit is the measure of how well they meet customers' needs . Along the way, it has won multiple awards for adopting the world's most ethical companies.

Revenue (Billion USD): 135

Rang 5. General Motors

General Motors is a global automotive company founded in 1908.

Image: pixabay

With its global headquarters in Detroit, USA, the company operates in many countries on five continents. With a workforce of 180,000 from over 70 nations, the company has a very diverse and dedicated team. General Motors works with eight renowned, distinctive brands around the world, including Buick, GMC, Cadillac, Holden, Baojun, Wuling and Jiefang. The company offers vehicles ranging from electric cars to full-size heavy trucks, which speaks a lot about the company's global reach. The company has put in a remarkable performance over the past year. The company has also developed the affordable all-electric Chevrolet Bolt EV, which offers up to 230 miles of all-electric range (EPA estimated) on a full charge. The company has received several awards for its quality and performance. General Motors developed the crash test dummies, which are now a global standard for frontal crash testing of top car brands around the world. It is also the first North American automaker to build a rollover test facility. General Motors is thus a leading automobile manufacturer.

Revenue (Billion USD): 130

6th place. BMW group

The BMW Group, Bayerische Motoren Werke Group for short, is one of the leading manufacturers of premium automobiles and motorcycles and one of the top car brands in the world.

Image: pixabay

The company also acts as a provider of premium financial and mobility services. Dating back to its founding in 1916 with its current headquarters in Munich, Germany, the company has grown into a truly global company with more than 30 manufacturing and assembly facilities in many countries and a global distribution network. The company's total employment is over 120,000, of which around 90 percent are employed in the automotive segment. Leading BMW models include BMWi, electric vehicles that are leaders in alternative powertrains, lightweight construction and aerodynamics, BMW M, a pioneer of authentic racing functionality with exclusive, sporty aesthetics, Mini, Mini John Cooper Works, Rolls-Royce Motor Cars very popular automobile in the premium segment, and Motorrad, the motorcycle brand. The company was the first to design aircraft engines with aluminum pistons in 1917. In 2021 and 2022, BMW's focus is on electric vehicles, which show consistent year-on-year growth. The strength of this company comes from its strong culture. Culture that embraces Passion and Joy, Teamwork and Personal Development, Equal Opportunity, Diversity and their Beliefs – Faith in their People, Achievement, Effectiveness, Fairness, Respect, Sustainability, Society and Independence.

Revenue (Billion USD): 128

Rang 7. Honda-Motor

Honda Motor Company is a Japanese multinational automobile and motorcycle company with a global presence.

Image: pixabay

They are engaged in the manufacture and sale of automobiles, airplanes, and motorcycles, and provide financial services that include credit and insurance to their customers. Honda has about 89 plants in 33 countries and sells in about 140 nations with a total of 30,000 employees around the world. Among the most popular Honda cars are the Accord and Civic, which are still conquering the market with huge sales in North America. With 69 years of history, Honda Motors made its first motorcycle in 1949. It went international in 1959 by establishing a plant in America as American Honda Motor Co to become the best selling car of 1993. Honda hasn't stopped and dreams 50 years ahead of reducing its CO2 emissions by 30% by 2020, and they also want to use cruise control in their cars to make collisions a thing of the past by 2040. Honda's philosophy is based on respect for the individual and the three joys of giving. Respect for the individual encompasses three sub-pillars of initiative – initiative, thinking creatively and not being bound by preconceived ideas, equality – treating one another with respect and offering equal opportunities to all, and the third is trust – trusting each other to to help each other achieve their goals responsibility by sharing knowledge. The three joys of giving include the joy of buying, selling, and creating the company's best products. Honda is one of the top car brands in 2022.

Revenue ($Bn): 123

Rang 8. SAIC-Motor

SAIC Motor Corporation Limited is the largest Chinese automaker included in the Fortune 500 Global list.

Image: company website

The company made the elite list for the twelfth consecutive year, reflecting the company's ever-growing business. The company is also one of the "Big 4" top Chinese auto brands owned by the government and is headquartered in Shanghai, China but operates globally. The Company's principal businesses include vehicles, components, auto sales and services, and financing. SAIC Motor has dominated the auto market in China since 2006. The company has a new SAIC plant in Thailand and is involved in building the vehicle and auto parts park in Indonesia. The company also operates through many joint ventures with reputable brands. Together with VW, SAIC has sold more than two million cars in China alone. The company maintained first place in the vehicle sales market in China and successfully climbed into the top 4 companies with the largest sales volume of passenger cars in the domestic market.

Revenue ($Bn): 107.6

Rang 9. Hyundai

The South Korean car manufacturer Hyundai was founded in 1967. The head office is located in Seoul, South Korea.

picture: pixabay

They are engaged in the manufacturing and distribution segment of automobiles, provide financial services to their customers in the form of credit and insurance, and also manufacture railways. Hyundai has popular cars in every segment from hatchbacks to sedans to SUVs, including the i10 series, Elantra, Accent, Civic and a few others. The company employs around 60,000 people worldwide. With the company's founding in 1967 and a history spanning 50 years, Hyundai has achieved a lot in a very few years. From the launch of Pony, the first Korean passenger car in 1976 to entering the Canadian market in 1983, Pony became the best-selling car in both countries due to its size and price. It later entered the US market in 1985 by exporting Hyundai Excel. Later in 1998 it acquired Kia Motors. With the philosophy of realizing the dreams of mankind; It continues its Vision 2020 to be the lifetime partner in this sector, offering new values ​​and experiences as requested by its customers. His philosophy is built on the combination of three factors, first accepting full responsibility and then acting and seeing the possibilities, ultimately showing respect for humanity. Hyundai is one of the top car brands of 2022.

Revenue (Billion USD): 98

10th place. Nissan Motor

Nissan Motor Corporation is a Japanese car manufacturer founded in 1933 in the city of Yokohama, Japan.

Image: pixabay

Since then, the company has grown into a truly global company and has a strong global presence on all continents. The Company is engaged in the sale and manufacture of automotive products such as cars, trucks and buses and other related car products. The company has its production facilities in more than 20 countries worldwide and customers in more than 160 different nations. The company owns a wide range of world-renowned brands that manufacture a variety of products. The company's well-known revolutionary products range from the 100% electric Nissan Leaf to the super performer Nismo. The company is also investing heavily in a portfolio of "green" technologies that includes clean diesels, efficient internal combustion engines, and hybrids. The company is also particularly focused on manufacturing zero-emission vehicles such as electric cars and fuel cell vehicles. Nissan is also known for its activities through the formation of strategic alliances. Nissan Motors is one of the top car brands in the world.

Revenue (Billion USD): ~70

Top Car Brands Ranking Methodology

1. The leading car brands in the world are considered.

2. Parameters such as sales were taken for the above car brands.

3. A final grade is calculated and the placements are evaluated.

This article was researched and written by. It has been reviewed and published by the MBA Skool Team. The content on MBA Skool was created for educational and academic purposes only.

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