Top 10 Car Companies Dominating the Market
Vehicles manufactured by the automotive industry facilitate the efficient movement of people and products across national borders and geographical areas. The vehicles produced by these businesses include automobiles, trucks, vans, and SUVs. Some of these companies even produce motorcycles, ATVs, and commercial vehicles (such as buses and trucks).
The world's largest car companies offer their wares to individuals and companies all across the globe. While the majority of these multinational conglomerates are based in the top few nations in the industry, foreign automakers do make it onto the list of the top ten.
According to their trailing twelve-month (TTM) revenue as of December 21, 2022, we take a close look at the top ten automakers below. Although most firms publish their earnings quarterly, certain non-US corporations report semi-annually, which means that the TTM statistics may not be up-to-date compared to companies that report quarterly. Only publicly listed corporations based in the United States or Canada, either directly or via American depositary receipts (ADRs), will be included in this list.
#1 Volkswagen AG (VWAGY)
- Revenue (TTM): $284.34 billion
- Net Income (TTM): $19.76 billion
- Market Cap: $81.0 billion
- 1-Year Return (TTM): -36.5%
- Exchange: OTC
A global leader in the automobile industry, Volkswagen (VWAGY) is headquartered in Germany. The company designs and manufactures automobiles, trucks, and buses, among other light commercial vehicles. The Tiguan, Golf, Jetta, Passat, and many more vehicles are included in the lineup. Due to declining demand for smaller vehicles, the firm discontinued production of the once-popular Volkswagen Beetle last year. The most well-known premium brands produced by Volkswagen are Porsche and Audi. Parts are also made by the firm, and they provide financing and fleet management services to their customers.23
#2 Toyota Motor Corp. (TM)
- Revenue (TTM): $270.58 billion
- Net Income (TTM): $20.39 billion
- Market Cap: $189.4 billion
- 1-Year Return (TTM): -21.8%
- Exchange: New York Stock Exchange (NYSE)
Japan is home to the international corporation Toyota (TM). By pioneering new standards for quality and economy, it became the first foreign manufacturer to capture a disproportionate percentage of the American car market. Automobiles, trucks, minivans, and even fleet vehicles are all part of Toyota's product line. Models of vehicles include the Prius, a hybrid electric automobile, as well as the Camry, Tacoma, 4Runner, and Corolla. The company's high-end vehicle brand is Lexus. Toyota also produces parts and accessories, and it provides financing to both consumers and dealers. 45
#3 Stellantis (STLA)
- Revenue (TTM): $181.58 billion
- Net Income (TTM): $16.97 billion
- Market Cap: $45.2 billion
- 1-Year Return (TTM): -15.8%
- Exchange: NYSE
In 2021, the French Groupe PSA and the Italian-American FCA (Fiat Chrysler Automobiles) merged to become Stellantis (STLA), an international automaker. The corporation has a substantial footprint in Europe, the Americas, and South America, making it one of the biggest carmakers globally. Under the brands of Peugeot, Citroën, DS, Opel, Vauxhall, Jeep, Ram, Dodge, and Chrysler, Stellantis provides a diverse selection of vehicles, including cars, trucks, vans, and SUVs. Its main office is in the Dutch city of Amsterdam.6
#4 Mercedes-Benz AG (MBGYY)
- Revenue (TTM): $156.23 billion
- Net Income (TTM): $25.64 billion
- Market Cap: $70.2 billion
- 1-Year Return (TTM): -6.0%
- Exchange: OTC
A global leader in the automotive industry, Mercedes-Benz (MBGYY) is headquartered in Germany. Commercial vehicles, including trucks and buses, as well as off-road vehicles, vans, and passenger cars, are all part of the company's product line.
#5 Ford Motor Co. (F)
- Revenue (TTM): $151.74 billion
- Net Income (TTM): $9.01 billion
- Market Cap: $46.1 billion
- 1-Year Return (TTM): -39.0%
- Exchange: NYSE
Founded in Michigan, Ford (F) is a global leader in the automobile industry. Automobiles, SUVs, vans, and trucks are all part of the company's product line. Mustang, Edge, Escape, F-150, Ranger, and many more models are available. Additionally, the business offers leasing and financing services pertaining to vehicles.
#6: General Motors (GM)
- Revenue (TTM): $147.21 billion
- Net Income (TTM): $9.68 billion
- Market Cap: $50.0 billion
- 1-Year Return (TTM): -34.6%
- Exchange: NYSE
The American automaker General Motors (GM) has locations all over the world. Vehicles, truck bodies, and automotive components are all part of the company's product line. Beginning with the Chevy Volt and continuing with the Chevy Bolt, it has been at the forefront of electric vehicle development. It does its business under the GMC, Chevrolet, Cadillac, and Buick automobile brands. Car loans are also available via the organisation.
#7 Honda Motor Co. Ltd. (HMC)
- Revenue (TTM): $126.17 billion
- Net Income (TTM): $5.29 billion
- Market Cap: $39.8 billion
- 1-Year Return (TTM): -11.1%
- Exchange: NYSE
The Japanese automaker Honda (HMC) operates on a global scale. It is a manufacturer of automobiles, trucks, vans, ATVs, motorcycles, and components for these vehicles. Models of vehicles include the Passport, Odyssey, Civic, Accord, Insight Hybrid, and many more. The company's premium vehicle brand is Acura. Moreover, the organisation offers insurance and financial products and services.910
#8: Tesla Motors (TSLA)
- Revenue (TTM): $74.86 billion
- Net Income (TTM): $11.19 billion
- Market Cap: $435.1 billion
- 1-Year Return (TTM): -54.1%
- Exchange: NASDAQ
Tesla (TSLA) is a manufacturer of electric vehicles and renewable energy solutions. Tesla produces four electric vehicles: the Model 3, the Model Y, the Model S, and the Model X. Every model can go from 0 to 60 mph in under 4.8 seconds and reach speeds of over 135 mph. Their combined range exceeds 320 miles. Retail consumers can get financing from Tesla.
#9 Nissan Motors (NSANY)
- Revenue (TTM): $73.73 billion
- Net Income (TTM): $0.9 billion
- Market Cap: $12.7 billion
- 1-Year Return (TTM): -33.4%
- Exchange: OTC
Nissan Motor Company is a global automotive powerhouse headquartered in Japan (NSANY). Its main business is the production of automobiles and components for them. Nissan offers a wide range of vehicles, including the Altima, Maxima, Sentra, Versa, Pathfinder, Rogue, Titan, and the LEAF electric vehicle. Infiniti is the company's high-end brand. In addition, leasing and financing options are provided by the organisation.
#10 BYD Co. Ltd. (BYDDY)
- Revenue (TTM): $51.37 billion
- Net Income (TTM): $1.48 billion
- Market Cap: $74.7 billion
- 1-Year Return (TTM): -18.0%
- Exchange: OTC
Chinese conglomerate BYD Co. Ltd. (BYDDY) focuses on renewable energy product research, design, and manufacturing; its product offerings include electric cars, batteries, solar panels, and more. With its main office in Shenzhen, China, the firm serves customers in over 70 different countries. With a solid foothold in the marketplaces for both passenger cars and commercial vehicles, BYD has earned a reputation as an industry leader in electric vehicles. Aside from its main operations, BYD is a prominent player in the renewable energy market, where it supplies solar panels and energy storage solutions.
