The day before yesterday (January 18, 2024), the top 10 global car companies in terms of sales have been announced. The honor of the global sales champion still belongs to Toyota of Japan, with annual sales of 10.65 million units, and it is also the only car company with annual sales of more than 10 million units. In the context of the era of new energy vehicles, although Toyota has a conservative attitude towards electric vehicles, its deep foundation in the field of fuel vehicles is still solid, bringing it stable sales. This once again proves Toyota's deep accumulation and unparalleled influence in the automotive industry.
Germany's Volkswagen Group followed Japan's Toyota in second place with annual sales of 8.8 million units, a year-on-year increase of 12%. Although the Volkswagen brand has been strongly impacted by Chinese brands in the Chinese market, its products are still very popular in the global market. Unlike Toyota, the Volkswagen Group is actively deploying in the field of new energy, and the sales volume of its ID series products in the Chinese market is also rising after price adjustments.
South Korea's Hyundai-Kia Motors ranked third, with annual sales of 6.89 million units. Hyundai's achievement surprised many Chinese netizens, because Korean cars are declining in Chinese mainland. In recent years, South Korean brands, including Hyundai and Kia, have withdrawn from the mainstream market and their influence in the Chinese market has gradually waned. However, on a global scale, South Korea's Hyundai-Kia still performs well. It seems that we can't easily underestimate Korean cars.
In fourth place is the French Stellantis Group. The annual sales volume is 6.4 million units. Although the French Strandis Group is almost not familiar to everyone in China, and the performance of French cars in the Chinese market is not remarkable, but in the world, the company has a good sales performance. France's Stellantis owns local brands such as Citroen and Peugeot, Jeep and Chrysler brands in the United States, as well as Fiat, Alfa Romeo and other brands in Europe, and still has a considerable market share in the world.
Ranking fifth on the global auto sales list in 2023 is Japan's Renault-Nissan-Mitsubishi Alliance, with annual sales of 6.28 million units. In sixth place is General Motors of the United States, with annual sales of 4.87 million vehicles. Japan's Honda Motor ranked seventh with annual sales of 3.97 million units. This also shows the strong competitiveness of Japanese automobiles in the global market. Ford Motor Company of the United States ranked eighth with annual sales of 3.95 million units. This shows that GM and Ford have strong strength and excellent performance in the main camp market in North America. As traditional auto giants, GM and Ford still maintain a certain advantage in the market competition.
In ninth place is BYD, a Chinese brand and new energy vehicle giant. BYD Auto's annual sales in 2023 will reach 3.02 million units, a year-on-year increase of 62%, becoming the world's No. 1 brand in new energy vehicle sales. This is also the first time in history that a Chinese auto brand has squeezed into the top 10 of the global auto sales list. BYD has also made history. Behind this achievement is BYD's continuous innovation and breakthrough in the field of new energy vehicles. However, it is worth noting that more than 80% of BYD's sales come from the domestic market. If BYD can quickly open up the global market, its ranking will improve in the future.
In tenth place in global sales is Suzuki Motor of Japan, with annual sales of 3.01 million units. Although Suzuki has been losing ground in Chinese mainland and has withdrawn from Chinese mainland, it has reached 3 million units due to good sales in Japan and other countries. This achievement surpasses all Chinese automakers except BYD.
(ENDS)