‘Ever wondered how many billions car firms make?’

With the world’s top 20 car makers raking in thousands of billions every year, Mike Rutherford analyses the figures

OPINION Money

Ever wondered how many billions of dollars the world’s leading motor manufacturers rake in? Think around $2,000 billion per annum – that’s what 20 of the top car firms on the planet collectively enjoyed in income last year.

It’s the likes of you and me buying our vehicles, parts and related products that are annually handing over this colossal sort of money to what can loosely be described as the largest vehicle manufacturers.

Opinion: car owners should take back control of our roads

Mazda sits rock bottom of my league table with revenues that amounted to ‘only’ $31 billion (or, if you prefer, $31,000 million) in 2017. Given that Suzuki is one of the world’s top 12 car makers by size, its like-for-like figure of $34bn seems low, but is explained by the fact that its entire product range is at the bottom end of the retail price scale.

Geely of China – which includes Volvo and Lotus – comes next on $41bn. Then it’s JLR’s parent, Tata Motors ($46bn), and Kia of South Korea ($47bn). Another Chinese giant, Guangzhou Automobile, may surprise some by making it into the top 15 with a cool $50bn in annual income. Renault ($66bn), Beijing Automotive ($70bn), Peugeot Group ($74bn) and Kia’s big sister, Hyundai Motor ($93bn), are all trying – but failing – to make it into the top 10.

China’s Dongfeng ($93bn) succeeds where they fail, as does Nissan ($108bn) and BMW ($111bn). MG’s owner SAIC with a figure of $129bn is fighting for a top five slot and the same is true of Honda ($139bn).

Ford’s annual revenue is a tad under $157bn, while GM creeps just above $157bn and therefore beats its Detroit rival by the narrowest of margins. Daimler (Mercedes and Smart) makes it on to the podium after weighing in with $185bn, while the VW Group is the runner-up on $260bn – some of which will be spent on legal and other bills relating to its self-inflicted diesel debacle, of course. It’s Toyota that has the highest annual income in the automotive world: $265bn in 2017.

Put another way, five days a week, 52 weeks a year, each of these top two automotive giants enjoys revenues of $1,000 million per day, the overwhelming majority of which comes from motoring consumers.

True, the pair have materials to buy, factories to run, huge wage bills, plus countless other massive and unavoidable expenses that need to be paid.

Me? I can’t decide whether a vehicle maker raking in $1bn every weekday is merely fit and healthy, too greedy or taking the you-know-what by charging way too much for its products. Can you?

Now read Mike’s advice on demanding a discount from your local dealership

Recommended

'It's clear that lorry drivers deserve much-improved working conditions'
Truck
Opinion

'It's clear that lorry drivers deserve much-improved working conditions'

Mike Rutherford proposes some alternative options to help streamline British imports and exports
23 Jan 2021
'Gordon Murray is my British motor industry person of 2020'
Opinion

'Gordon Murray is my British motor industry person of 2020'

Mike Rutherford highlights his positive car industry stories of 2020
4 Jan 2021
'Citroen has changed the game and changed the lives of countless consumers'
Opinion

'Citroen has changed the game and changed the lives of countless consumers'

Mike Rutherford thinks the quirky new Citroen Ami is a true game-changing car
13 Dec 2020
'Power outages do nothing to inspire confidence in would-be EV buyers'
Opinion

'Power outages do nothing to inspire confidence in would-be EV buyers'

Mike Rutherford thinks the switch to an all-electric UK car market hasn't been thought through
29 Nov 2020

Most Popular

Euro 7 standards: EU considers lifetime surveillance of every new car
UK Motorway
News

Euro 7 standards: EU considers lifetime surveillance of every new car

Cars could feed data to the EU every second they are being driven; rules could also force hybrids into EV mode, while MoT test results could be affect…
5 Mar 2021
New Porsche Taycan Cross Turismo electric shooting brake unveiled
Porsche Taycan Cross Turismo - front
Porsche Taycan

New Porsche Taycan Cross Turismo electric shooting brake unveiled

Porsche Taycan Cross Turismo range breaks cover – EV estate comes in four different versions with prices starting from £79,340
5 Mar 2021
New Cupra Formentor e-Hybrid 2021 review
Cupra Formentor e-Hybrid - front
Cupra Formentor

New Cupra Formentor e-Hybrid 2021 review

The new Cupra Formentor is stylish and practical, but the plug-in e-Hybrid falls short of being the pick of the range
3 Mar 2021