Leading car manufacturers by sales 2024

The Toyota Group remained the leading car manufacturer by sales in 2024, with a staggering **** million vehicles sold globally. This achievement solidifies Toyota's position as a dominant force in the automotive industry, reflecting its ability to maintain a strong market presence.

Mercedes-Benz Cars' remarkable performance in China

In 2024, Mercedes-Benz Cars experienced remarkable success in China, surpassing its European sales and accounting for over a third of its global sales. This shift highlights the evolving dynamics of the global automotive market and the increasing significance of the Chinese market for car manufacturers, including those in the luxury segment. In 2023, China was the largest automobile market, recording over ** million sales more than those in the United States, which was second in the ranking.

Toyota's ongoing rivalry with Volkswagen

The rivalry between the Toyota Motor Corporation and Volkswagen Group for the top spot in the global automotive industry remains intense, with both manufacturers consistently vying for dominance. Toyota Motor Corporation's 2024 sales figures reaffirm its competitive position, signaling a continued battle for market leadership between these automotive giants. That year, Toyota Motor Corporation’s eponymous brand was the global best-seller, holding nearly ** percent of the new car market.