Two Chinese automakers have entered the world's Top 10
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There's big news in the world rankings for cars sold in the third quarter of 2024: China has placed two of its many carmakers in the Top 10.
While Europe, the US and most emerging markets fell on hard times, China continued to gain ground thanks to its ambitious and aggressive carmakers.
According to official data published by the world's carmakers, Toyota remained at the top of the world rankings in the third quarter with 2.74 million units (a market share of almost 13%).
The second, third, fourth and fifth places also remain occupied by the "usual" manufacturers.
The Volkswagen group retained second place with 2.18 million units, down 7.1%.
Hyundai Motor Company (including Kia) remained third with 1.78 million units, down 2.6%.
Q Both companies were affected by demand trends in China, where consumers continue to prefer local brands.
Finally, the Top 5 is completed by Stellantis and General Motors.
Who has climbed the rankings
In the third quarter of 2024, BYD occupied sixth place with 1.13 million units sold, representing impressive growth of 38%.
The group continues to increase its market share at home and abroad thanks to its extensive product range, which includes all-electric and plug-in hybrid models. In terms of electric car volumes, BYD was only 19,500 units behind Tesla in the third quarter.
(Q3 2023 Vs. Q3 2024)
In fact, BYD's volumes in the third quarter were so high that they were very close to those recorded by Stellantis (1.17 million) and GM (1.15 million).
The Chinese manufacturer was only 12,108 units behind GM and almost 40,000 units behind Ford. If it continues to perform well, it could overtake Honda, Ford and probably GM by the end of 2025.
The other surprise was to see the Geely group (including Volvo and Polestar) in the Top 10. With 811,800 units sold, it was able to overtake Nissan and oust Suzuki from the ranking.
(2024 Q3 result)
Toyota 2,736,904
Volkswagen Group 2,176,363
Hyundai Motor Company 1,777,300
Stellantis 1,174,000
General Motors 1,147,000
BYD 1,134,892
Ford 1,095,000
Honda 910,000
Geely 811,797
Nissan 809,00
