From July to September, a total of about 22 million units were sold on world markets, which is a decrease of 2.7 percent. And while Europe, the US and most emerging markets are going through tough times, China has continued to gain ground with its ambitious and aggressive automakers.
According to official data, Toyota remained the leading global carmaker with 2.74 million units (representing a market share of almost 13 percent), but suffered a 3.8 percent decline compared to the previous year due to lower demand in China. The second, third, fourth and fifth places were also taken by “traditional” producers, he says Jutarnji.hr.
The Volkswagen Group retained second place with 2.18 million units, which is a drop of 7.1 percent. Hyundai Motor Company (including the Kia and Genesis brands) remains in third place with 1.78 million units, down 2.6 percent.
The first five are completed by Stellantis and General Motors, which recorded double-digit percentage declines. Stellantis in particular is facing the biggest year-on-year decline as it struggles with major demand issues in North America and Europe, its two main markets, as well as growing competition from Chinese brands in South America.
In the third quarter of 2024, BYD ranked sixth with 1.13 million vehicles sold, an impressive growth of 38 percent. The group continues to expand its market share in China and abroad thanks to its wide product range, which includes both fully electric and plug-in hybrid models. BYD sold just 19,500 fewer electric cars than Tesla in the third quarter.
BYD’s sales in the third quarter were so high that it was very close to Stellantis (1.17 million) and GM (1.15 million). Also in this quarter, BYD placed ahead of Ford and Honda.
But another Chinese company made it into the Top 10. The Geely Group (which, among others, includes Volvo and Polestar) is in ninth place and managed to overtake Nissan and push Suzuki out of the top ten. Geely is making big strides with its newer Chinese brands such as Zeekr, Lynk & Co and Geely Galaxy.
Also, in the third quarter of this year, it happened for the first time that Chinese manufacturers sold more cars than European ones. Namely, all Chinese manufacturers sold a total of 5.07 million vehicles, which is a growth of 10 percent, while the European ones recorded a drop of 11 percent to 4.99 million vehicles. The world’s strongest manufacturers are still Japanese, and American companies are in 4th place, behind European ones, ahead of Korean ones.
Below is a list of the Top 10 world’s strongest automotive companies by sales. In the first column after the name, there are sales in the third quarter of 2023, and in the second, sales in the same quarter of this year. In the third column, there is growth and decline compared to that quarter in 2023.
1.
Toyota 2,844,990 2,736,904 -4%
2.
Volkswagen 2,343,279 2,176,363 -7%
3.
Hyundai Motor Corporation 1,824,213 1.777.300 -3%
4. Stellar 1.478.000 1.174.000 -21%
5.
General Motors 1.322.000 1.147.000 -13%
6.
BYD 824.001 1,134,892 +38%
7.
Ford 1.086.000 1.095.000 +1%
8.
Honda 1.033.000 910.000 -12%
9.
Geely 703,135 811.797 +20%
10.
Nissan 833.000 809.000 -3%
Source: Jutarnji.hr
Foto: Arhiva Autoblog.rs / Geely / BYD
Source: autoblog.rs
