The automobile industry is an indispensable part of economic growth. Contributing substantially to the GDP of a nation, the top automobile producing countries in the world are China, USA, Japan and India. Everyone dreams of owning a car, and in today’s fast paced life, a vehicle at one’s disposal is slowly turning into an important asset. Let’s look at the most valued automakers in the world on the basis of their brand value.
1. Toyota
Toyota, Japan’s leading automaker is the worlds most valued automobile brand. It is the world’s largest automaker and its brand value is 59.47 billion USD. Inspite of the pandemic in the last two years, the company showed immense growth and incredible sales volume.
2. Mercedes-Benz
Luxury carmaker Mercedes-Benz is known for its technological innovation and its countless facilities in the world, that manufactures in 17 countries. The German brand is the second most valued automobile brand with a brand value of $58.2 Billion.
3.Volkswagen
With 136 production facilities around the world, German car brand Volkswagen is the third most valued auto brand in the world. It retained its third rank since the past two years and has a brand value of USD 47.02 billion.
4.BMW
Another German automobile manufacturer, BMW was found 100 years ago and today has its production and assembling facilities in 15 countries and sales in around 140
countries. With USD 40.44 billion worth of brand value, Bayerische Motoren Werke AG is the fourth most valued automobile manufacturer.
5. Tesla
American automotive and energy company, Tesla’s brand value is $36.27 billion and is the fifth most valued auto brand in the world. Elon Musk is the CEO and major shareholder in the company, which has 598 retail stores around the globe.
6. Porsche
Owned by Volkswagen, German brand Porsche, is the sixth most valued automobile brand in the world. Porsche’s brand value in 2022 is $34.32 billion and has 7000 patents to its credit, with more than 300 new patents registered every year.
7. Honda
With a brand valuation of $31.36 billion Honda, Japanese automobile giant Honda, is seventh richest automobile brand in the world. Having diversified into other businesses as well, like power equipment, Honda still remains one of the top choices for car purchasers in the world.
8. Ford
American automaker Ford is the eight richest auto-brand with a brand valuation of $22.67 billion. Found by the legend Henry ford in 1903, Ford sells automobiles and commercial vehicles along with luxury cars under the ‘Lincoln luxury’ umbrella.
9. Volvo
Swedish auto manufacturer Volvo, was earlier owned by Ford Motors and is now a part of the Chinese, Geely Holding Group. The company has factories in 18 countries and is valued at $17.75 billion making it the ninth most valued automobile brand in the world.
10. Audi
Audi, a German luxury automobile major is in tenth place in the list of the world’s topmost valuable car brands with brand value of $17.18 billion. This subsidiary of Volkswagen Group designs and manufactures cars in 12 countries, selling luxury vehicles in more than 100 countries.
This list is followed by other big names in the global automobile sector, like Nissan, Chevrolet and Hyundai.
