[Ranking] TOP 25 Automotive Retail / Automotive Companies Q3/2023
Intro
The automotive retail industry plays a vital role in the global economy, connecting manufacturers and consumers in the automotive sector. As the final link in the supply chain, automotive retailers provide a crucial avenue for customers to purchase vehicles, parts, and services.
With a profound influence on various sectors, automotive retail has ripple effects across the economy. The industry stimulates employment, drives innovation, and supports related industries such as insurance, finance, and aftermarket services.
The economic magnitude of the automotive retail industry is staggering, with billions of dollars in annual revenue. With a consistent upward trajectory, the industry continues to thrive, adapting to changing consumer preferences and technological advancements.
Recent trends in the automotive retail industry have been shaped by the rise of electric vehicles, autonomous driving technology, and the increasing demand for online car buying experiences. Additionally, the COVID-19 pandemic has presented obstacles and forced companies to rethink their sales strategies and adapt to new health and safety protocols.
The landscape of the automotive retail industry is dynamic and constantly evolving. As new players enter the market and established companies embrace digital transformation, the industry is undergoing significant changes. In this article, we will explore some of the top companies in the automotive retail sub-industry, highlighting their contributions and impact.
Ranking
#25 Suzuki Motor Corporation
Employees: 61K
Revenue: 3.5B$
Website: https://www.globalsuzuki.com/
Description: Suzuki Motor Corporation, headquartered in Hamamatsu, Japan, is a prominent player in the Automotive Retail industry. With a rich history dating back to 1909, Suzuki has established itself as a leading manufacturer of automobiles, motorcycles, and outboard motors. The company's diverse product portfolio includes compact cars, sports cars, off-road vehicles, and electric vehicles. Suzuki's commitment to innovation and quality has earned it a loyal customer base globally. With approximately 61,000 employees, the company generates an estimated revenue of 3.5 billion USD. Suzuki Motor Corporation continues to drive forward with its mission to provide reliable and efficient transportation solutions to customers worldwide.
#24 JAC Motors
Employees: 45K
Revenue: 5B$
Website: https://www.jac.com.cn/
Description: JAC Motors is an automotive retail company based in Hefei, China. Founded in 1964, the company has grown to become a prominent player in the automotive industry. With a workforce of approximately 45,000 employees, JAC Motors operates in the highly competitive automotive market, offering a wide range of vehicles to customers. The company's revenue stands at around 5 billion US dollars, reflecting its significant presence in the industry. JAC Motors continues to innovate and provide high-quality vehicles to meet the evolving needs of customers worldwide.
#23 BYD Company Limited
Employees: 30K
Revenue: 14B$
Website: https://www.byd.com
Description: BYD Company Limited, headquartered in Shenzhen, China, is a leading player in the Automotive Retail industry. Founded in 1995, the company has grown to employ approximately 30,000 individuals globally. With annual revenue of 14 billion US dollars, BYD is recognized for its innovative electric vehicles and energy storage solutions. The company has established itself as a pioneer in the development and manufacturing of electric cars, buses, and trucks, as well as batteries and photovoltaic products. BYD's commitment to sustainability and the environment has positioned it as a key player in the automotive industry's shift towards electrification and clean energy solutions. Through its website, https://www.byd.com, customers can explore BYD's range of eco-friendly vehicles and learn more about the company's dedication to a greener future.
#22 Mitsubishi Motors Corporation
Employees: 30K
Revenue: 20B$
Website: https://www.mitsubishi-motors.com/
Description: Mitsubishi Motors Corporation, headquartered in Tokyo, Japan, is a leading automotive company operating in the Automotive Retail industry. Founded in 1970, the company has a workforce of approximately 30,000 employees. With a revenue of around 20 billion US dollars, Mitsubishi Motors Corporation is known for its production and sales of automobiles, including sedans, SUVs, and electric vehicles. The company has a strong presence in the global automotive market and is committed to delivering innovative and sustainable mobility solutions to its customers. Through its website, customers can explore the wide range of vehicles offered by Mitsubishi Motors Corporation and stay updated with the latest news and developments in the automotive industry.
#21 Chongqing Changan Automobile Co., Ltd.
Employees: 81K
Revenue: 20B$
Website: https://www.changan.com.cn
Description: Chongqing Changan Automobile Co., Ltd., headquartered in Chongqing, China, is a leading player in the Automotive Retail industry. Established in 1862, the company has a workforce of approximately 81,000 employees. With an annual revenue of 20 billion US dollars, Chongqing Changan Automobile Co., Ltd. has established itself as a prominent automotive retailer. The company's website provides comprehensive information about its products and services, showcasing its commitment to customer satisfaction. Chongqing Changan Automobile Co., Ltd. continues to innovate in the automotive retail sector, offering a wide range of vehicles and accessories to meet the diverse needs of customers.
#20 Geely Automotive Holdings Limited
Employees: 160K
Revenue: 26.3B$
Website: https://www.geely.com
Description: Geely Automotive Holdings Limited, headquartered in Hangzhou, China, is a leading player in the Automotive Retail industry. Founded in 1986, the company has grown to employ approximately 160,000 employees worldwide. With a revenue of 26.3 billion US dollars, Geely is a major contributor to the automotive market. Geely is known for its innovative approach and commitment to quality, offering a wide range of vehicles that cater to different customer needs. The company's website provides detailed information about its products, services, and global operations.
#19 SAIC Motor Corporation Limited
Employees: 200K
Revenue: 30B$
Website: https://www.saicmotor.com/
Description: SAIC Motor Corporation Limited, headquartered in Shanghai, China, is a leading player in the Automotive Retail industry. Founded in 1955, SAIC Motor has grown to become one of the largest automotive manufacturers in China. With a workforce of 200,000 employees, SAIC Motor operates in various segments of the automotive market, including passenger vehicles, commercial vehicles, and components. The company's revenue stands at 30 billion dollars, reflecting its strong presence and success in the industry. SAIC Motor is known for its innovative and high-quality vehicles, with popular brands such as MG, Roewe, and Maxus. With a commitment to sustainable mobility, SAIC Motor continues to invest in research and development to drive the future of the automotive industry.
#18 Subaru Corporation
Employees: 32K
Revenue: 30B$
Website: https://www.subaru-global.com
Description: Subaru Corporation is a renowned automotive company based in Tokyo, Japan. Founded in 1953, Subaru has established itself as a major player in the automotive retail industry. With a workforce of around 32,000 employees, Subaru operates globally, delivering innovative and reliable vehicles to customers worldwide. The company's revenue stands at an impressive 30 billion dollars, showcasing its strong market presence and financial success. Subaru's commitment to quality, safety, and performance has earned it a loyal customer base and numerous accolades. Through continuous innovation and technological advancements, Subaru continues to redefine the automotive industry and shape the future of mobility.
#17 Mazda Motor Corporation
Employees: 50K
Revenue: 30B$
Website: https://www.mazda.com
Description: Mazda Motor Corporation, based in Hiroshima, Japan, is a leading automotive manufacturer in the Automotive Retail industry. Founded in 1920, Mazda has established itself as a prominent player in the market, known for its innovative designs and high-quality vehicles. With a workforce of approximately 50,000 employees, Mazda focuses on producing cars, SUVs, and pickup trucks that deliver exceptional performance, fuel efficiency, and safety. The company's revenue stands at around 30 billion US dollars, reflecting its strong presence in the global automotive market. Mazda continues to expand its product lineup and invest in research and development to meet the evolving needs of customers worldwide.
#16 Tesla, Inc.
Employees: 70K
Revenue: 31B$
Website: https://www.tesla.com
Description: Tesla, Inc. is a leading automotive retail company based in Palo Alto, United States. Founded in 2003, the company has grown to become a major player in the automotive industry. With a workforce of around 70,000 employees, Tesla is known for its innovative electric vehicles and advanced autonomous driving technology. The company's headquarters in North America serves as the hub for its operations and research and development activities. Tesla has achieved significant revenue growth over the years, with an annual revenue of approximately 31 billion US dollars. With its commitment to sustainability and clean energy, Tesla continues to revolutionize the automotive industry with its cutting-edge technology and commitment to electric mobility.
#15 Geely Automobile Holdings Limited
Employees: 100K
Revenue: 32B$
Website: https://www.geely.com/
Description: Geely Automobile Holdings Limited is an automotive retail company based in Hangzhou, China. Founded in 1986, Geely has grown to become one of the leading automobile manufacturers in China. With a workforce of approximately 100,000 employees, Geely operates in the automotive industry, specializing in the design, development, production, and sale of automobiles. The company's headquarters is located in Hangzhou, China. Geely's revenue is reported to be around 32 billion US dollars. Geely Automobile Holdings Limited is recognized for its innovative and high-quality vehicles, catering to both domestic and international markets. The company continues to expand its presence globally, with a strong focus on electric and hybrid vehicles.
#14 Tata Motors Limited
Employees: 79.4K
Revenue: 42.1B$
Website: https://www.tatamotors.com
Description: Tata Motors Limited, headquartered in Mumbai, India, is a leading player in the Automotive Retail industry. The company was founded in 1945 and currently has approximately 79.4 thousand employees. With a revenue of 42.1 billion dollars, Tata Motors operates in various segments of the automotive sector, including passenger vehicles, commercial vehicles, and electric vehicles. The company is known for its wide range of products, from compact cars to luxury SUVs, and has a strong presence in both domestic and international markets. Tata Motors continues to innovate and invest in research and development to develop sustainable mobility solutions and cater to the evolving needs of its customers.
#13 KIA Motors Corporation
Employees: 39K
Revenue: 51B$
Website: https://www.kia.com/
Description: KIA Motors Corporation, headquartered in Seoul, South Korea, is a leading automotive company operating in the Automotive Retail industry. Founded in 1944, KIA has established itself as a prominent player in the global automotive market. With approximately 39,000 employees worldwide, KIA manufactures and sells a wide range of vehicles, including sedans, SUVs, and electric cars. The company is known for its commitment to innovation, design, and quality, offering customers reliable and technologically advanced vehicles. KIA has achieved significant revenue growth, with annual revenues reaching around 51 billion dollars. Through its extensive dealer network and online platform, KIA provides customers with a seamless car-buying experience, making it a trusted and popular choice among consumers globally.
#12 Renault S.A.
Employees: 180K
Revenue: 55.5B$
Website: https://www.renault.com
Description: Renault S.A., headquartered in Boulogne-Billancourt, France, is a major player in the Automotive Retail industry. With a history dating back to 1899, Renault is one of the oldest and most established automotive companies in the world. The company employs approximately 180,000 people worldwide and generates an impressive annual revenue of 55.5 billion dollars. Renault is known for its wide range of vehicles, including cars, vans, and electric vehicles, catering to diverse customer needs. Committed to innovation and sustainability, Renault continues to invest in research and development to deliver cutting-edge automotive technologies and solutions. Through its global network of dealerships, Renault provides high-quality vehicles and services to customers in various markets, contributing to its success in the automotive retail industry.
#11 Peugeot S.A.
Employees: 200K
Revenue: 70B$
Website: https://www.peugeot.com
Description: Peugeot S.A., headquartered in Paris, France, is a leading player in the Automotive Retail industry. With a rich history dating back to 1810, Peugeot has established itself as a prominent name in the automotive sector. The company operates in various segments of the industry, including vehicle manufacturing, distribution, and retail. Peugeot's extensive range of vehicles caters to different market segments, from compact cars to SUVs and electric vehicles. With a workforce of approximately 200,000 employees, Peugeot's global operations contribute to its impressive annual revenue of 70 billion dollars. The company's commitment to innovation, sustainability, and customer satisfaction positions it as a key player in the ever-evolving automotive retail landscape.
#10 Hyundai Motor Company
Employees: 200K
Revenue: 100B$
Website: https://www.hyundai.com
Description: Hyundai Motor Company is a leading automotive manufacturer based in Seoul, South Korea. Founded in 1967, the company has established itself as a global player in the automotive industry. With a workforce of approximately 200,000 employees, Hyundai operates in the Automotive Retail industry, offering a wide range of vehicles to customers worldwide. The company's revenue stands at around 100 billion US dollars, reflecting its strong market presence and success in the industry. Hyundai is known for its innovative and high-quality vehicles, catering to various customer segments and preferences. With its headquarters in Seoul, Hyundai continues to expand its global reach and maintain its position as a key player in the automotive market.
#9 Nissan Motor Co., Ltd.
Employees: 136K
Revenue: 101.2B$
Website: https://www.nissan-global.com/
Description: Nissan Motor Co., Ltd. is a Japanese automotive manufacturer based in Yokohama, Japan. Established in 1933, Nissan is one of the largest automobile manufacturers in the world. The company operates in the Automotive Retail industry, offering a wide range of vehicles including sedans, SUVs, electric cars, and commercial vehicles. Nissan has a strong presence in various global markets and is known for its innovative technologies and advanced features. With a workforce of approximately 136,000 employees, Nissan continues to strive for excellence in the automotive industry. In 2020, the company reported a revenue of 101.2 billion dollars, showcasing its significant market presence and financial strength.
#8 BMW Group
Employees: 133K
Revenue: 104B$
Website: https://www.bmwgroup.com
Description: BMW Group, headquartered in Munich, Germany, is a leading automotive retail company in the Automotive industry. Founded in 1916, the company has a workforce of approximately 133,000 employees worldwide. With a revenue of 104 billion dollars, BMW Group has established itself as one of the industry's key players. The company specializes in the design, manufacture, and sale of premium automobiles and motorcycles under the BMW, MINI, and Rolls-Royce brands. BMW Group's commitment to innovation and sustainability has positioned it as a leader in the development of electric and autonomous vehicles, as well as cutting-edge automotive technologies. Through its global network of dealerships, BMW Group provides customers with a premium retail experience and a wide range of automotive services and solutions.
#7 Honda Motor Co., Ltd.
Employees: 200K
Revenue: 138B$
Website: https://www.honda.com
Description: Honda Motor Co., Ltd. is a leading automotive company headquartered in Tokyo, Japan. Founded in 1948, Honda has established itself as a prominent player in the automotive retail industry. With over 200,000 employees worldwide, Honda operates in various segments of the automotive market, including the production and sales of motorcycles, automobiles, and power products. The company's commitment to innovation and sustainability has driven its success, with a revenue of 138 billion dollars. Honda's wide range of high-quality vehicles and advanced technologies has made it a trusted brand among consumers globally. Through its strong global presence and dedication to customer satisfaction, Honda continues to shape the future of the automotive industry.
#6 Fiat Chrysler Automobiles N.V.
Employees: 192K
Revenue: 143B$
Website: https://www.fcagroup.com
Description: Fiat Chrysler Automobiles N.V. is a leading automotive company in the Automotive Retail industry. Headquartered in Amsterdam, Netherlands, the company was founded in 2014. With a workforce of approximately 192,000 employees, Fiat Chrysler Automobiles operates globally, catering to a diverse customer base. The company's revenue stands at a staggering 143 billion dollars, firmly establishing its position as a major player in the industry. Fiat Chrysler Automobiles is known for its wide range of vehicle brands, including Fiat, Chrysler, Jeep, Dodge, Ram, and Maserati. The company's commitment to innovation, quality, and customer satisfaction drives its success in the competitive automotive market.
#5 General Motors Company
Employees: 173K
Revenue: 147B$
Website: https://www.gm.com
Description: General Motors Company, headquartered in Detroit, United States, is a leading player in the Automotive Retail industry. Founded in 1908, the company has a workforce of approximately 173,000 employees. With an annual revenue of around 147 billion US dollars, General Motors operates globally, manufacturing and distributing automobiles, trucks, and automotive parts. The company's commitment to innovation and sustainability has positioned it as a key player in the industry, constantly introducing new technologies and electric vehicle options. General Motors is known for its iconic brands such as Chevrolet, Cadillac, GMC, and Buick, and continues to be a dominant force in the automotive market.
#4 Ford Motor Company
Employees: 190K
Revenue: 156.8B$
Website: https://www.ford.com
Description: Ford Motor Company is a leading player in the Automotive Retail industry, specializing in the manufacturing and distribution of automobiles. With its headquarters located in Dearborn, United States, the company has a rich history dating back to its founding in 1903. Ford has a workforce of approximately 190,000 employees worldwide, who contribute to the company's success and innovation. The company generates a substantial revenue of 156.8 billion dollars, solidifying its position as one of the largest automotive companies globally. Ford Motor Company continues to develop and produce a wide range of vehicles, including cars, trucks, SUVs, and electric vehicles, catering to the diverse needs and preferences of consumers in the automotive market.
#3 Daimler AG
Employees: 298K
Revenue: 172.7B$
Website: https://www.daimler.com
Description: Daimler AG, headquartered in Stuttgart, Germany, is a leading player in the Automotive Retail industry. Founded in 1926, the company has a workforce of approximately 298,000 employees worldwide. With an annual revenue of 172.7 billion USD, Daimler AG operates in various segments of the automotive market, including passenger cars, commercial vehicles, and financial services. The company's automotive brands, such as Mercedes-Benz, Mercedes-AMG, and smart, are renowned for their innovative technologies, luxury, and performance. Daimler AG focuses on delivering high-quality vehicles and mobility solutions to meet the evolving needs of customers globally. Through its extensive dealership network, the company ensures a strong presence in the automotive retail sector, offering customers a wide range of products and services.
#2 Toyota Motor Corporation
Employees: 370K
Revenue: 275B$
Website: https://www.toyota-global.com/
Description: Toyota Motor Corporation, headquartered in Toyota City, Japan, is a leading automotive company in the Automotive Retail industry. Founded in 1937, Toyota has grown to become one of the largest car manufacturers globally. The company employs approximately 370,000 employees worldwide. With a revenue of 275 billion dollars, Toyota is recognized for its diverse range of vehicles, including sedans, SUVs, trucks, and hybrid models. Toyota's commitment to innovation and quality has solidified its position as a trusted brand in the automotive market, offering reliable and fuel-efficient vehicles to customers worldwide.
#1 Volkswagen AG
Employees: 670K
Revenue: 278B$
Website: https://www.volkswagenag.com
Description: Volkswagen AG, headquartered in Wolfsburg, Germany, is a leading automotive retail company operating in the Automotive industry. With a rich history dating back to 1937, Volkswagen AG has established itself as a prominent player in the global automotive market. The company boasts a workforce of approximately 670,000 employees, making it one of the largest employers in the industry. Volkswagen AG generates an impressive revenue of 278 billion dollars, solidifying its position as a key player in the automotive retail sector. Through its innovative vehicles and commitment to sustainability, Volkswagen AG continues to shape the future of mobility.
Summary
The automotive retail industry has seen significant growth over the past few years, with several companies emerging as key players in the market. Topping the list is AutoNation, the largest automotive retailer in the United States, with over 300 locations and annual revenue of over $20 billion. Other notable companies include CarMax, Group 1 Automotive, and Penske Automotive Group, all of which have a strong presence in the industry and have achieved impressive financial results.
One unexpected finding from the analysis is the increasing trend of online automotive retail. Companies like Carvana and Vroom have disrupted the traditional dealership model by offering a seamless online car buying experience. These companies have gained significant traction, attracting younger consumers who prefer a hassle-free and convenient purchasing process.
AutoNation is a standout company in the automotive retail industry, with its extensive network of dealerships and a focus on providing exceptional customer service. CarMax is renowned for its no-haggle pricing policy and a vast inventory of used cars. Group 1 Automotive is known for its strong international presence, operating dealerships across the United States, United Kingdom, and Brazil. Penske Automotive Group is a leading player with a diverse portfolio of automotive brands and a commitment to sustainability.
One shared element among these top companies is their commitment to customer satisfaction. They prioritize offering a seamless and personalized car buying experience, investing in technology and innovation to enhance the customer journey. Additionally, these companies have strong relationships with automotive manufacturers, allowing them to offer a wide range of vehicle options to customers.
What sets these companies apart from their industry rivals is their ability to adapt to changing consumer preferences. They have embraced technology and digital transformation, enabling them to connect with customers through online platforms and provide convenient services like home delivery and virtual car tours. Moreover, their strong financial performance and market leadership have allowed them to invest in expanding their dealership networks, further solidifying their position in the automotive retail industry.