The Tesla marque was ranked as the world's most valuable car brand in 2023, with a brand value of roughly 67.7 billion U.S. dollars. Toyota, 2020's leader, is now the runner-up, followed by Mercedes-Benz.
Tesla stays in the lead
Tesla had been steadily climbing up the world's most valuable car brands ranking, reaching the top in 2021. Tesla, Inc., founded in 2003 as Tesla Motors, is a North American electric vehicle and clean energy automaker based in Palo Alto, California. Its revenue in the 2022 fiscal year reached nearly 81.5 billion U.S. dollars, and the Tesla Model Y was the best-selling plug-in electric vehicle model worldwide in that same year.
Other valuable car brands worldwide
Toyota, the runner-up, is a subdivision of the Toyota Motor Company, founded in the late 1930s. The Japanese manufacturer is one of the largest companies in the global automotive industry and is active in various segments, including SUVs and crossovers, trucks, and motorcycles. Automotive brands such as BMW and Mercedes-Benz also made the list of the most valuable car brands worldwide. Germany's Mercedes-Benz Group assembles luxury and crossover automobiles, and split from Daimler Truck in 2021.
FAQs
Toyota consistently ranked among the most valuable car brands within the global automotive sector. As of June 2023, it came in second only to Tesla, beating out other competitors such as Mercedes-Benz or Honda.
What is the most valuable car brand in 2023? ›
Most valuable automotive brands worldwide by brand value 2023. The Tesla marque was ranked as the world's most valuable car brand in 2023, with a brand value of roughly 67.7 billion U.S. dollars.
What is the richest brand in the world 2023? ›
Tech companies ranked as the most valuable brands in the world in 2023, covering the five top spots in the source's ranking. Apple led the list with a brand value of around 502 billion U.S. dollars, followed by Microsoft, Amazon, and Google – each with brand values of over 250 billion dollars.
What is the most sold car brand in the world 2023? ›
That's an increase of 7.2 percent year-over-year, which makes Toyota the best-selling automaker for the fourth year in a row. A closer look at the numbers shows that Toyota and Lexus brands delivered 10,307,395 cars in 2023, or 7.7 percent more than the prior year – and a new record.
What car manufacturer has the highest revenue in 2023? ›
- Volkswagen AG: Topping the chart with its illustrious range of vehicles and dazzling sales numbers, Volkswagen AG recorded colossal revenues amounting to USD 318.32 billion.
- Toyota Motor Corporation: We've already mentioned that Toyota is ramping up its EV production.
The top three U.S. car brands are assembled and distributed by the leading manufacturers in the U.S. market: Ford Motor Company, Toyota Motor Corporation, and General Motors (GM). As of the fourth quarter of 2023, GM's largest segment of sales was attributable to its.
What is the richest car brand? ›
Largest automakers by market capitalization
| # | Name | C. |
|---|
| 1 | Tesla 1TSLA | 🇺🇸 |
| 2 | Toyota 2TM | 🇯🇵 |
| 3 | BYD 3002594.SZ | 🇨🇳 |
| 4 | Porsche 4P911.DE | 🇩🇪 |
57 more rowsWorld Best Selling Car Ranking in 2023 reports a new leader, first time in the last 20 years. Toyota Corolla was overtaken by the Tesla Model Y signing a mark from the past to the future.
What is the most unpopular car brand? ›
According to Consumer Reports, the most liked car brand in 2023 is Porsche, followed by Genesis, Tesla, BMW and Subaru. On the other hand, the least liked brands, in order, are Infiniti, Volkswagen, Mercedes-Benz, Nissan and Cadillac.
What is the most reliable car brand? ›
Luxury brand Lexus gets ranked first, with models like the 2023 Lexus GX proving to be the most reliable. They are also doing well in the hybrid model section.
5 Most Profitable Car Companies in the World
- Stellantis N.V. (NYSE:STLA) Profits in 2022: $16.79 billion. ...
- Ford Motor Company (NYSE:F) Profits in 2022: $17.93 billion. ...
- Volkswagen. Profits in 2022: $18.18 billion. ...
- Toyota Motor Corporation (NYSE:TM) Profits in 2022: $25.37 billion. ...
- Mercedes-Benz Group.
Car Company that Sells the Most Cars in the World
Toyota Motor Corporation (NYSE:TM) retained its title as the world's top-selling automaker in 2022. The company reported sales of over 10 million vehicles worldwide in 2022.
What car brand makes the most money per year? ›
Top 10 Biggest Car Manufacturers by Revenue (2021)
- SAIC Motor. ...
- BMW Group. ...
- Honda Motor. Revenue: 121.8 billion $ ...
- General Motors. Revenue: 122.5 billion $ ...
- Ford Motor. Revenue: 127.1 billion $ ...
- Daimler. Revenue: 175.9 billion $ ...
- Toyota Motor. Revenue: 249.4 billion $ ...
- Volkswagen Group. Revenue: 254.1 billion $
Not only has Tesla succeeded in becoming the most valuable automaker in the world, but it also holds the status as one of the world's most valuable companies. Tesla CEO Elon Musk has become the world's second-richest person as a result of his holdings in Tesla and other innovative, forward-thinking companies.
What is the most reliable car brand in 2023? ›
Lexus and Toyota took the top spots for brand reliability this year, followed by Mini, Acura, Honda, and Subaru. And while people are buying more EVs, CR's members experienced 79% more problems with them compared to gas-powered cars.
