Which Car Brand Rules the Global Car Market?

By Soko Directory Team / Published June 22, 2018 | 8:58 am

The car industry has been evolving over the years. Since the time people of using horses and other animals, to bicycles, to trains, and to cars. Most are still being used but the car industry is the most evolved.

Currently, there are cars that can be charged by use of electricity. A young Kenyan has come up with a car that can use solar. Innovations are still coming up and manufacturers are struggling to meet the high demand.

In 2017, the sales of passenger cars and light commercial vehicles increased by 2.4 percent according to Jato Dynamics in data collected from 52 markets. This was more than 2 million vehicles sold as compared to 2016.

Passenger car sales were up by 2.3 percent to 82 million while the LCV sales went up by 4.4 percent to 4.05 million. Countries, where people bought cars in large numbers in 2017, include Russia, Argentina, and Thailand though Africa remains a huge market for luxurious cars.

But which manufacturer controls the global car market? According to data put together by the Spectator Index, Toyota is the ruler of the global car market with 9.8 percent followed by Volkswagen at 7.2 percent.

Ford accounts for 6.5 percent, Honda, and Nissan at 5.4 percent while Hyundai is at 4.7 percent. Chevrolet is at 4.4 percent, Kia at 3 percent while Renault controls 2.8 percent of the global market share.

Marcedes controls 2.7 percent of the market share while Peugeot controls 2.2 percent. BMW, Audi, and Maruti are at 2.2, 2 and 1.7 percent respectively. Mazda and Fiat control 1.7 percent each while Suzuki, Buick, and Jeep are at 1.6 and 1.5 percent respectively.

The top 10 car manufacturers who control the global markets are:

Toyota
Volkswagen
Ford
Honda
Nissan
Hyundai
Chevrolet
Kia
Renault
Mercedes

About Soko Directory Team

Soko Directory is a Financial and Markets digital portal that tracks brands, listed firms on the NSE, SMEs and trend setters in the markets eco-system.Find us on Facebook: facebook.com/SokoDirectory and on Twitter: twitter.com/SokoDirectory

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