The largest car company in the world is Volkswagen, with $293.83 billion in revenue and a 1.8% market share in the U.S.
The market size of the global car industry is $2.86 trillion U.S. dollars.
The car industry is projected to grow at a CAGR of 4.03% through 2030.
Americans bought nearly 3 million automobiles in 2022.
The automotive industry has evolved significantly since the introduction of the first gasoline vehicle in 1886. Cars remain an essential mode of transportation for millions, facilitating everything from daily commutes to long-distance travel across the continent. In 2026, the car industry continues to play a pivotal role in the global economy, contributing nearly $500 billion annually in the United States alone. This revenue is driven by several major players in the automotive sector worldwide.
The 11 Largest Car Companies in the World: A Closer Look
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Volkswagen Group of America. Headquarters: Wolfsburg, Germany
Number of Cars Sold 2022: 4.56 million
2022 Revenue: $293.83 billion
Volkswagen has become a staple on American roads, known for its diverse range of vehicles. Despite its rocky beginnings, including a state-owned past associated with Nazi Germany, the company has successfully rebranded over the decades. Today, it’s recognized for its innovation and commitment to sustainability, aiming to lead in electric vehicle production.
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Toyota Motor Manufacturing. Headquarters: Aichi, Japan
Number of Cars Sold 2022: 10.5 million
2022 Revenue: $267.02 billion
Since its introduction in the U.S. in the 1960s, Toyota has transformed the automotive landscape. Known for pioneering hybrid technology with the Prius, Toyota continues to lead in environmentally friendly innovations while maintaining a strong global presence.
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Stellantis. Headquarters: Amsterdam, Netherlands
Number of Cars Sold in the U.S. in 2022: 1.5 million
2022 Revenue: $172.4 billion
Created from the merger of Fiat Chrysler and Peugeot, Stellantis has quickly risen to prominence in the automotive sector. The company focuses on expanding its portfolio and electric vehicle offerings, particularly with popular brands like Jeep and Ram at its core.
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Ford Motor Company. Headquarters: Dearborn, Michigan
Number of Cars Sold 2022: 1.85 million
2022 Revenue: $158.05 billion
A pioneer of the automotive industry, Ford continues to innovate by investing heavily in electric vehicles and autonomous driving technology. The legacy of the Model T lives on as Ford adapts to modern demands for sustainability and technology integration.
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Mercedes-Benz Group. Headquarters: Stuttgart, Germany
Number of Cars Sold 2022: 2.05 million
2022 Revenue: $157.96 billion
Mercedes-Benz Group continues to symbolize luxury and innovation, focusing on electric and automated vehicles. Their commitment to high-quality engineering and cutting-edge technology makes them a leader in the automotive industry.
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General Motors. Headquarters: Detroit, Michigan
Number of Cars Sold 2022: 2.27 million
2022 Revenue: $156.7 billion
As one of the oldest car manufacturers, General Motors remains a significant player in the automotive market by focusing on electric vehicle development and sustainable practices. Their response to changing consumer preferences has positioned them for future growth.
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BMW. Headquarters: Munich, Germany
Number of Cars Sold 2022: 2.4 million
2022 Revenue: $150.254 billion
BMW has established itself as a luxury automaker, known for high-performance vehicles and innovative technology. The company is rapidly expanding its electric vehicle lineup to meet the growing demand for sustainable transportation.
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SAIC Motor. Headquarters: Shanghai, China
Number of Cars Sold 2022: 5.3 million
2022 Revenue: $121.4 billion
SAIC Motor has become a major player in the automotive sector through strategic partnerships, including a significant collaboration with General Motors. Their focus on innovation has propelled their growth in both domestic and international markets.
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FAW. Headquarters: Changchun, Jilin, China
Number of Cars Sold 2022: 3.2 million
2022 Revenue: $109.4 billion
Established in 1953, FAW Group is one of China’s “Big Four” automotive manufacturers. The company continues to thrive by producing a diverse range of vehicles and engaging in joint ventures with foreign brands.
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Hyundai Motor America. Headquarters: Seoul, South Korea
Number of Cars Sold 2022: 3.94 million
2022 Revenue: $105.12 billion
Hyundai has transformed from a latecomer to a major force in the automotive world, known for its value and reliability. The company is focusing on electrification and expanding its lineup to capture a larger market share.
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Tesla. Headquarters: Palo Alto, California
Number of Cars Sold 2022: 1.3 million
2022 Revenue: $81.4 billion
Founded in 2003, Tesla has quickly become synonymous with electric vehicles. Their innovative approach, including software-driven features and a commitment to sustainability, has positioned them as a leader in the electric vehicle market.
Car Companies FAQs
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What is the largest automotive company by revenue?
The largest automotive company by revenue is Volkswagen. Volkswagen generated $293.83 billion in revenue in 2022 and produced 4.56 million vehicles. The second largest is Toyota with $267.02 billion in revenue in 2022.
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What are the Big 3 car companies?
The Big 3 refers to General Motors, Ford Motor Company, and Stellantis (formerly Chrysler). These companies were historically the top automotive manufacturers based in North America and have dominated the global market for decades.
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What is the most sold car brand in the world?
Toyota is the most sold car brand globally. In 2022, Toyota sold 10.5 million vehicles, also making it the second largest company by revenue, with $267.02 billion earned in 2022.
Author
Sky Ariella is a professional freelance writer, originally from New York. She has been featured on websites and online magazines covering topics in career, travel, and lifestyle. She received her BA in psychology from Hunter College.
