Leading automobile manufacturers worldwide
Worldwide car sales are expected to reach 77.8 million units in 2017. Increased demand from Chinese customers is predicted to offset sluggish car sales in Brazil and Russia, where a lack of consumer confidence and Western sanctions are adding to economic uncertainty.
The ranking of the major automotive companies in terms of brand value includes the leading automotive manufacturers Volkswagen, Toyota, General Motors and Renault-Nissan. The Toyota Motor Corporation sold around 10.18 million light and commercial vehicles in 2016. Toyota’s main markets include Japan and the United States. The U.S. is the second largest market for passenger vehicles worldwide. In March 2017, the U.S. automotive industry reported some 1.6 million vehicle sales. The upward trend in the world’s second-largest market for passenger vehicles is set to continue through 2018. In light of an aging light vehicle fleet, a growing number of people will also likely replace their old vehicle with a new one. On average, U.S. passenger cars are 11.6 years old. In the United States, the Toyota Camry and the Toyota Corolla/Matrix are ranked among the best-selling car models.