This statistic gives a ranking of the top car manufacturers worldwide in 2014, based on the number of motor vehicles sold worldwide. Toyota sold around 10.23 million motor vehicles, and was ranked first. When considering light passenger vehicles, Volkswagen's tally stands at 9.92 million vehicles, while Toyota's light passenger vehicle sales amount to 9.82 million units.
The world’s largest car companies
The global automotive industry seems to have entered a golden age. While Asia and North America continue to outperform all other automobile markets in terms of sales, car assembly growth figures in Africa have turned the continent into one of the fastest growing production markets worldwide. In 2014, PSA Peugeot Citroën signed an assembly agreement for its Peugeot 301 in Nigeria, Africa’s most populous country. One year on, the company also announced plans to set up shop in Morocco. Today’s increasingly connected world presents car manufacturers with numerous opportunities for growth. Hence, automakers are beginning to focus on smart vehicle technologies as well as alternative propulsion systems. BMW, Ford, Honda, General Motors, Mercedes-Benz, Nissan, Tesla, Toyota and Volkswagen, as well as major automotive suppliers, including Denso, Continental, Bosch and Delphi, are all setting up research offices in the Silicon Valley.
The opening of new plants and offices is largely due to the fact that, in the end, carmakers must face the truth: With growth prospects in new segments and in emerging markets comes greater risk. However, the world’s largest maker of passenger cars is unlikely to compete in the race to the top at all costs. Although the Japanese automotive manufacturer must feel second-ranked Volkswagen breathing down its neck, Toyota appears to be content with a change in the pecking order, and seemingly chooses sustainability and long-term growth over a short-lived period of fame.