Top 13 Richest Car brands in the world
Almost everyone dreams of buying a particular car in their lifetime. We want to own our dream car that we have seen or heard about somewhere.
But, have you ever thought about the car company behind your favorite car? Ever wondered what the brand value of that particular car company would be?
Rankings for car brands are based on their overall assessment, taking into account the financial performance of the car manufacturing company, the service provided to the customer, the influence of the brand on purchasing decisions, and various aspects of the brand. Competitive forces in the market.
The global health crisis that has affected the entire world has led to a massive decline in passenger car sales, especially in the luxury car segment.
Shortages in semiconductor availability forced auto companies to cut production as industry demand recovered earlier than expected.
Check out the top 13 most valuable car companies in the world in 2021
So, here is the list of the 13 most valuable car brands in the world in 2021 dominated by German car makers.
Let's dive into our list now without further ado!
1. Toyota: $59.47 billion
Japanese auto major Toyota's brand value for 2021 is $59.47 billion compared to the previous year's record of $58.07 billion. Toyota has overtaken luxury car maker Mercedes-Benz to take the top spot.
Despite supply chain disruptions due to the coronavirus pandemic, Toyota managed to make a strong comeback this year. Due to the lockdown imposed by the government authorities and the shortage of manpower, most car manufacturers around the world faced production problems.
Toyota recorded impressive growth in volumes especially due to the slowdown in demand in China and the gradual recovery in the overall economy.
2. Mercedes Benz: $58.2 billion
German luxury carmaker Mercedes-Benz dropped to second place this year with a brand value of $58.2 billion. Mercedes-Benz is down about $7 billion from its previous year's 2020 valuation of $65.04 billion.
Mercedes has also been at the forefront of many technological innovations that the company has made over the years of its manufacturing history.
Mercedes-Benz's main production facility is located in Germany, but they have manufacturing plants all over the world. Mercedes Benz has 93 factories in 17 countries on 4 different continents.
3. Volkswagen: $47.02 billion
Volkswagen retained its third position this year with a brand value of USD 47.02 billion. Volkswagen's brand value has increased by nearly $2 billion compared to last year. Volkswagen is known for its world-famous iconic model Beetle.
German motor vehicle manufacturer, Volkswagen which was established in 1937 has 136 manufacturing plants in different parts of the world.
Volkswagen, also known as VW, designs, manufactures, and distributes both passenger cars and commercial vehicles in more than 150 countries.
4. BMW: $40.44 billion
BMW, short for Bayerische Motoren Werke AG, is a German car manufacturer. BMW is the fourth largest car brand in the world. BMW has managed to maintain its position compared to last year, however, the company has witnessed a slight decline in its value to USD 0.04 billion as of 2021.
BMW, the world's leading premium manufacturer of automobiles and motorcycles, was founded more than 100 years ago in 1916.
According to the company's website, the BMW Group has 31 production and assembly facilities in 15 different countries around the world and a global sales network in 140 countries.
5. Porsche: $34.32 billion
Porsche, a German brand owned by Volkswagen, retained last year's slot of fifth position this year. Porsche's brand value in 2021 is $34.32 billion compared to $33.91 billion in 2020.
Porsche has always had a close relationship with VW who came together in 1969 to produce the VW-Porsche 914 and 914-6 which was a huge success.
The company has 7000 patents worldwide and 400 new patents are registered every year. The company has six manufacturing plants spread across different countries.
6. Tesla: $31.98 billion
Tesla jumped 4 slots this year to the sixth position with a valuation of USD 31.98 billion in 2021. Tesla jumped 150% in its valuation compared to USD 12.41 billion in the previous year.
Tesla is an American automotive and energy company that is the world's largest manufacturer of electric vehicles. Tesla has formed ZETA (Zero Emission Transport Association (ZETA)) with 27 other organizations to move all internal combustion vehicles to electric by 2020.
High-profile CEO Elon Musk is the face of the company and a major shareholder with a 22% stake in Tesla. In 2009, Tesla produced its first car model, the Roadster. Tesla boasts of having 598 retail stores around the world.
7. Honda: $31.36 billion
Honda, the Japanese automobile manufacturer that manufactures motorcycles as well as power equipment, ranks seventh on the list of the world's top richest car brands. Honda expects $33.10 billion in 2020 to $31.36 billion in 2021, down slightly from the previous year.
It was Honda that was the first Japanese company to launch a dedicated luxury brand – Acura in 1986. Honda has diversified into the automobile and motorcycle business as well as other business verticals.
8. Ford: $22.67 billion
Ford Motor Company, an American automobile major is ranked eighth this year with a value of $22.67 billion for the current year compared to $18.51 billion in 2020.
Ford Motor is one of the oldest automobile companies in the United States founded in 1903 by Henry Ford. Ford sells automobiles and commercial vehicles under the Ford umbrella, and the dedicated brand Lincoln Luxury is used for luxury vehicles.
Ford is the fifth largest auto manufacturer and the second largest in the United States Ford has 90 plants and facilities in different countries.
9. Volvo: $17.75 billion
Volvo, a Swedish multinational manufacturing company, is in the same eighth position this year as well. Volvo saw its brand value increase slightly to $17.75 billion in 2021 compared to $16.91 billion in 2020.
Volvo Cars, formerly owned by Ford Motors, is now controlled by Geely Holding Group, a Chinese multinational automotive company.
Founded more than 100 years ago in 1915 as a subsidiary of ball bearing manufacturer Volvo, SKF today has factories in 18 countries.
10. Audi: $17.18 billion
Audi, a German luxury automobile major is ranked 10th on the list of the world's most valuable car brands Audi saw a very slight increase in its valuation year over year from $16.97 billion in 2020 to $17.18 billion in 2021.
Audi AG, a subsidiary of the Volkswagen Group, designs, engineers, manufactures at 19 locations in 12 countries, and sells luxury vehicles in more than 100 countries worldwide.
Audi has seven production plants around the world, some of which are shared with other VW groups. Audi Group has the largest production sites in Germany - Ingolstadt, and Neckarsulm. The company also has production facilities in Hungary, Belgium, and Mexico.
11. Nissan: $15.25 billion
Japanese multinational automobile manufacturer Nissan is ranked 11th this year. The company sells its cars under three different brands namely… Nissan, Infiniti, and Datsun. Nissan has had an alliance with French automobile major Renault since 1999, which later extended to Mitsubishi.
Nissan is the leading Japanese automobile brand in China, Russia, and Mexico. The Nissan LEAF, its electric car brand, is the world's second best-selling car, just behind the Tesla Model 3.
Nissan's initial focus was to capture the domestic market with a wide range of mainstream cars and trucks which were then exported around the world.
12. Chevrolet: $14.55 billion
Chevrolet ranks 12th on our list of most valuable car brands with a value of $14.55 billion. Chevrolet is commonly referred to by its customers and industry members as Chevy.
Chevrolet is the automobile division of American manufacturing giant General Motors. Chevrolet-branded vehicles are sold in more than 140 countries around the world.
Chevrolet manufactures and sells passenger vehicles and medium-duty commercial trucks.
13. Hyundai: $14.29 billion
Hyundai is the first automobile major from South Korea to make it to the world's top car brands list this year Hyundai's plant in Ulsan, South Korea is the world's largest integrated automobile manufacturing facility.
The Ulsan facility has a total annual production capacity of 1.6 million units. Hyundai Motor Company was established in 1967. Hyundai's first model car was the 'Cortina' which was unveiled in 1968 in collaboration with Ford Motor Company.
Hyundai has a network of dealers and showrooms around the world and its vehicles are sold in 193 different countries.