In 2022, the global auto industry was hurt by a combination of factors, including a pandemic and supply chain shortages, resulting in shrinking sales for many automakers. According to TrendForce's analysis, global car sales dipped by 0.1% YoY to 81.05 million vehicle units for 2022, showing almost no change from the 2021 figure. However, there is a chance for the global car market to return to positive growth this year.
According to the data, Toyota Motor Corporation retained its title as the world's best-selling automaker in 2022. The company sold 10.48 million vehicles, including its Daihatsu and Hino subsidiaries. Toyota has held onto this title for three years, but its sales fell 0.1% from the previous year, marking its first year-over-year decline in two years.
Volkswagen Group came in second place, selling 8.3 million vehicles worldwide. However, the company fell 7 percent from a year earlier. On the other hand, Hyundai Motor Group sold 6.88 million units worldwide in 2022, ranking third after Toyota and Volkswagen. Hyundai Motor sold 3.94 million units, up 1.4 percent from 2021, while Kia sold 2.9 million units, up 4.6 percent from 2021.
Here is a list of the world's top-selling automakers ranked by the number of cars sold worldwide.
The World's Top-Selling Automakers (Ranked by 2022 Sales)
In the American market, General Motors has regained its position as the top-selling automaker in the U.S. after losing its lead to Toyota last year. In 2022, GM's U.S. sales rose 2.5% from a year earlier to 2,274,088 vehicles; Toyota's fell 9.6% from a year earlier to 2,108,458 vehicles.
In 2022, Tesla sold more than 1 million vehicles worldwide for the first time in history, 47% more than in 2021, and moving up to number 15 on the list of global top-Selling automakers by volume.
The Bottom Line
The car market is always changing, and new models are joining while others fall out of favor. As a result, the global auto industry is witnessing a once-in-a-century transformation. Electric vehicles are taking over the dominant position of traditional fuel vehicles in the market, and many countries plan to ban fuel cars altogether by 2035. So, whoever will occupy more market share in the next few years must launch electric vehicles that are affordable for the average consumer!
The good news is that according to estimates by relevant institutions, the global auto market will have the opportunity to return to growth in 2023. Total sales are expected to reach 84.1 million units that year, up 3.8% from 2022's total.