Advertisement

"For the world's largest car firms, high revenues don't always translate into profits"

Mike Rutherford's been examining the books of some of the world's largest car companies - and the figures make for staggering reading

How much do motor manufacturers rake in annually from regular or occasional customers? During the last financial year, just five leading firms/industrial groups - Daimler, GM, Renault-Nissan, Toyota and VW Group - enjoyed a collective revenue of around a trillion dollars. Nice work if you can get it, eh?

In terms of earnings, there's very little between the two undisputed heavyweight champions of the world. VW Group and Toyota each enjoy annual revenue figures of $236.6 billion - the former grossed $236.599bn, the latter $236.591bn. That's almost half a trillion right there, putting them in a superleague of their own. Astonishingly, each is pulling in around $1bn every working weekday, and each grosses more than the world's 'most successful' company, Apple.

Advertisement - Article continues below

Apple Carplay review

True, VW and Toyota endure colossal daily expenses - everything from hundreds of thousands of employees apiece, to rising raw material costs, to crippling energy bills, to expensive legal battles. But they can afford it. Sort of. After all, these two have the highest revenues of any manufacturers (not just motor companies) on the planet.

Daimler (Mercedes/Smart to you and me) is a comparative pauper, but it still grossed $166bn. This puts it ahead of General Motors, after GM saw $152bn go through its corporate till last time around. Combine the figures of sisters Nissan ($101bn-plus) and Renault ($50bn-plus) and this due almost matches GM. Ford seems more subdued lately, but its $150bn means it's still close to the top of the revenue tree.

The UK's biggest new car discounts revealed

Hyundai pulled in $81bn, little bro' Kia, $44bn. And although that combined figure of $125bn puts the Seoul brothers in a credible seventh slot, this is a global top five car manufacturing outfit, so its revenues are lower than expected, perhaps. Honda ($122bn), China's SAIC ($107bn) and BMW ($102bn) complete the top 10. Just outside it sits Dongfeng ($83bn), Peugeot-Citroen ($61bn), TATA Motors ($42bn), little ol' Mazda ($28bn) and lean, mean Suzuki on $26bn - which still equates to a not unreasonable half a billion dollars a week, or $100 million per weekday.

But there's a catch. For the world's largest car firms, high revenues don't necessarily translate into profits. Technically, some are unprofitable. But that's another story... for another day. Watch this space.

Do these figures surprise you? Let us know in the comments below...

Advertisement
Advertisement

Recommended

'Sorry Jeep, but Kia now makes the best all-American SUV'
Kia

'Sorry Jeep, but Kia now makes the best all-American SUV'

With Kia winning the World Car of the Year 2020 award with the American-built Telluride, Mike Rutherford believes Kia has beaten Jeep at their own gam…
18 Apr 2020
'Costs may drop, but buyers’ expectations don’t'
News

'Costs may drop, but buyers’ expectations don’t'

Just because premium brands can offer cheap finance deals, it doesn't mean that they can fob buyers off with poor customer service, says Deputy editor…
15 Apr 2020
“UK motor industry – your country and its people need you”
News

“UK motor industry – your country and its people need you”

Mike Rutherford thinks the motor industry can still do more to help provide life-saving medical kit
12 Apr 2020
‘What better than a thumbs-up from an existing owner?’
News

‘What better than a thumbs-up from an existing owner?’

Editor-in-chief Steve Fowler gives his view on our 2020 Driver Power survey, and is especially pleased by Kia's success
8 Apr 2020

Most Popular

New 2020 BMW 4 Series arrives with bold new look and a huge grille
BMW 4 Series

New 2020 BMW 4 Series arrives with bold new look and a huge grille

Imposing grille leads the way as the new BMW 4 Series takes a new design direction away from its 3 Series sibling
2 Jun 2020
New Tesla Model Y 2020 review
Tesla Model Y

New Tesla Model Y 2020 review

The new Tesla Model Y has the potential to be the EV brand’s most successful model yet
3 Jun 2020
UK electric vehicle drivers face charging point struggle
Electric cars

UK electric vehicle drivers face charging point struggle

The UK’s EV charging infrastructure is still underdeveloped according to new nationwide study
2 Jun 2020