By revenue, the automotive industry is one of the world’s most important economic sectors.
The most successful car brands in the world have formed niches for themselves through the sales of several types of vehicles inclusive of SUVs, sedans, trucks, and buses. With the aid of an auto loan calculator, individuals are getting themselves ready to buy the car of their dreams.
This article discusses the 5 most successful brands around the world in 2019.
1. BMW Group
The Bayerische Motoren Werke Group, abbreviated as the BMW Group has been a top car brand for several decades, since its inception in 1916.
This company has evolved over the years to become a global setup with over 30 production and assembly lineups as well as a global sales network.
Not just that, the BMW Group has distinguished itself by providing premium financial and mobility services and with an employee strength of over 120,000 with greater than 90% of that number being in the automobile sector, the company is doing well.
Some of its major models include the BMWi; the electric vehicle which blasts with high speed and versatility, the BMW M; a pioneer motor-racing vehicle with a sporty appeal, Rolls-Royce and Motorrad.
Exceptionally innovative, the BMW brand ignited the craze for designing aircraft engines with aluminum pistons as far back as in 1917. Recent reports state that over 20 BMWs participate in the Formula One! It is unsurprising that this company rakes in a revenue of about $115bn annually.
2. Honda Motor Company
A Japanese automobile initiative with a worldwide presence, the Honda Motor Company has come to stay.
Their range of products ranges from vehicles to aircraft, motorcycles and power equipment. Incorporated in 1948, Honda is versatile and known the world over- even in a continent as far as Antartica! It is certainly one of the world’s leading automobile companies. Yearly revenue stands at about $143bn.
3. General Motors
Very few automobile companies have the global coverage of General Motors, nor their staff strength. Established in 1908, General Motors has a stake in the automobile industries of over 5 continents in the globe.
Every kind of vehicle is found in General Motors’ line of production; from the sweet electric cars to (e.g. the Chevrolet Bolt EV) the very functional trucks; GM is here to stay.
General Motors’ keeps setting the standard for performance and quality; and is a world leader. Yearly revenue stands at about $147bn
4. Ford Motor Company
Established in 1919, first in Delaware, Ford was built from scratch by Henry Ford. The company has a line-up of greater than 200,000 employees with a line of cars, electric vehicles, trucks, etc.
This company is notable for its several consolidated ventures and its bounce back from the Great Recession of 2008, which was achieved through the collective restructuring of the company. Its creativity and versatility earn it a yearly revenue of close to $160bn.
5. Toyota Motors
This company certainly deserves a standing ovation, because it is the undisputed king of cars globally.
With its headquarters in Japan, Toyota has a global presence; covering several regions of the world. For a company with about 75 years of experience in the market, its yearly revenue of about $272bn is pretty impressive.
Its commitment to innovation has helped this company perform significantly well in Motor Sports. Another excellent concept started by Toyota is the Integrated Safety Management Concept, through which the company helps drivers in each stage of their driving i.e. through the processes of Parking, Active Safety, Passive Safety, Rescue, etc. It achieves this amazing feat through the integration of each system.
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