Toyota is the most profitable automotive manufacturer in 2021, with a market capitalization of 59.47 billion dollars, surpassing Mercedes-Benz, Volkswagen, and BMW.
Toyota has surpassed Mercedes-Benz as the most profitable automotive brand in the world in 2021. The Japanese manufacturer's brand value rose by 2% to 59.47 billion USD, up from 58.07 billion the previous calendar year. It is no secret that the global health crisis resulted in a massive drop in luxury passenger car volume sales.
Mercedes-Benz is now estimated at 58.2 billion dollars, down from 65.04 billion dollars in 2020, a decrease of nearly 7 billion dollars. Toyota has made a strong return in recent years, and the effect on its volume numbers has been minimal. Furthermore, improvements in volume, especially in markets such as China, where third-quarter net profit growth was a staggering 50%, aided the cause.
Production has been hampered by a global shortage of semiconductors as the industry recovers faster than anticipated. Manufacturers are facing supply constraints across the board, prompting them to take a variety of actions.
Volkswagen is ranked third, with a market capitalization of 47.02 billion dollars in 2021, up from 44.89 billion dollars in the previous term.
BMW is now ranked fourth, with a market capitalization of 40.44 billion dollars, down from 40.48 billion dollars in 2020.
Porsche, a fellow German brand, comes in fift, with a value of 34.32 billion USD in 2021, compared to 33.91 billion USD in 2017.
Tesla, the electric vehicle manufacturer, came in sixth position among the top ten most successful car brands.
The seventh-placed Japanese producer is priced at 31.36 billion USD in 2021, down from 33.10 billion USD last year.
Ford Motor Company is ranked eighth this year, with a revenue of 22.67 billion dollars. Ford saw a gain of just over 4 billion dollars in 2020 when compared to the previous year.
Volvo is in nineth place, with 17.75 billion dollars compared to 16.91 billion dollars.
Audi rounded out the top ten with a revenue of 17.18 billion dollars, compared to 16.97 billion dollars in 2020.