Top 10 U.S. automakers
serial number |
largest car manufacturer |
market share |
|
1 |
General Motors |
17% |
|
2 |
Toyota Motor Corporation |
15% |
|
3 |
Ford Motor Company |
14% |
|
4 |
Stratis North America, Inc. |
12% |
|
5 |
Hyundai Motor Group |
11% |
|
6 |
Honda Motor Company |
7.3% |
|
7 |
Nissan Motor Co., Ltd. |
6.1% |
|
8 |
Subaru Corporation |
4.1% |
|
9 |
Tesla |
4% |
|
10 |
Volkswagen Group |
3.6% |
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America’s largest automaker
The U.S. auto market has a long history, driven by a deep-seated passion for cars. This enthusiasm is reflected in high growth in car sales, with nearly two-thirds of American households owning two or more cars. In this booming automotive sector, traditional companies that laid the foundation for the industry coexist with successful foreign automakers. The top ten U.S. automakers as of 2023 showcase a diverse mix of historic American icons and global enterprises. From General Motors with its long heritage, to newcomers like Stellantis North America, to electric vehicle pioneers like Tesla, these manufacturers collectively shape the dynamic landscape of the U.S. auto industry.
trend
1. General Motors – 17%
Founded in Detroit in 1908 by William C. Durant, General Motors (GM) holds a pivotal position as the largest automobile manufacturer in the United States. As of 2022, General Motors holds 17% of the market share and is still headquartered in Detroit, the birthplace of the American auto industry. The company’s commitment to innovation and adapting to market trends highlights its enduring heritage. General Motors has about 94,000 employees in the United States alone and has plants in eight countries.
Notably, General Motors demonstrated a forward-looking approach by announcing plans to stop producing and selling internal combustion engine vehicles by 2035, in line with the global shift toward sustainable transportation solutions.
2. Toyota Motor Corporation – 15%
Founded in Japan in 1937, Toyota Motor Corporation has become a major player in the U.S. automotive market and will capture 15% of the market share by 2022. The company’s U.S. subsidiary originated as a spin-off of Toyota Industries Corporation, founded in 1957 and headquartered in Plano, Texas. Focusing on quality and reliability, Toyota operates 15 manufacturing plants in the United States and employs approximately 176,000 people in manufacturing, support operations and dealers.
Toyota’s diverse portfolio of best-selling models, including the Tacoma, Corolla, Highlander, Camry and RAV4, reflects the brand’s popularity among U.S. consumers. In addition to its commitment to producing reliable vehicles, Toyota is actively working to shape the future of mobility, emphasizing sustainability and technological advancement in its pursuit of excellence.
3. Ford Motor Company – 14%
Ford Motor Company was founded by the visionary Henry Ford in 1903. As of 2022, its market share was 14%, occupying an important position in the American automobile field. Headquartered in Dearborn, Michigan, Ford has a rich history and gained international recognition soon after its founding. In 1908, the company opened its first overseas sales branch in Paris.
The company has 20 manufacturing facilities in the United States and employs approximately 90,000 people. Some of Ford’s best-selling models include the Bronco, E-Series and EcoSport, catering to a variety of consumer preferences. Ford’s commitment to innovation is reflected in its strategic focus on electric and autonomous vehicles to adapt to the industry’s evolving landscape.
4. Stellantis North America – 12%
Stellantis North America, a 50/50 merger of Fiat Chrysler Automobiles and Peugeot parent PSA Group, is a major player in the U.S. auto market with a 12% market share. Founded in 2021, this relatively new entity brings together a variety of popular car brands, including Chrysler, Dodge, Jeep, Alfa Romeo, Citroën, Fiat, Peugeot, and more.
With ambitious plans for the fast-growing electric vehicle market, Stellantis is actively developing new models and a network of charging stations. This strategic vision positions Stellantis as a key player in the evolving landscape of the U.S. automotive industry, combining the strengths of two global automotive giants to shape the future of mobility.
5. Hyundai Motor Group – 11%
Founded in 1998, Hyundai Motor Group has become a major force in the U.S. auto industry through Hyundai’s acquisition of a majority stake in Kia, accounting for 11% of the market share as of 2022. The South Korean conglomerate includes Hyundai Motor Co. and Kia Motors Corp., which together offer a variety of vehicles. The group has a strong presence in the United States, with more than 30,000 employees, making significant contributions to the U.S. automotive industry.
Hyundai Motor’s commitment to innovation is reflected in its pursuit of hydrogen fuel technology, demonstrating a forward-looking approach to the industry’s changing needs. Popular models such as the Tucson, Elantra and Accent have solidified Hyundai Motor Group’s position in the U.S. market, attracting consumers with reliability, efficiency and advanced features.
6. Honda Motor Co. – 7.3%
Japanese auto giant Honda Motor Co. has a 7.3% market share in the US auto market. Founded in 1948, Honda expanded its global operations, establishing a U.S. subsidiary in 1959 and entering automobile production in 1982. The company has successfully captured the U.S. market with popular models such as the Civic, Accord and CR-V. Honda has approximately 30,000 employees in the United States and has become an integral part of the American auto industry.
Known for its commitment to quality and innovation, Honda continues to adapt to consumer preferences to remain relevant and competitive in the dynamic U.S. market. The brand’s success is a testament to its ability to balance performance, fuel efficiency and technological advancement, making Honda a trusted choice for American car buyers.
7. Nissan Motor Co. – 6.1%
Nissan Motor Company is a well-known Japanese automobile manufacturer with a 6.1% market share in the United States, demonstrating its enduring presence in the American automotive sector. Nissan originally entered the United States in 1958 as the Datsun name and has grown into a major company with approximately 21,000 employees in the United States, including 16,000 in manufacturing.
Recent best-sellers such as the Sentra, Altima and Versa demonstrate the company’s commitment to innovation. Nissan’s ability to adapt and resonate with American consumers has solidified its position in a highly competitive market. With its rich history and diverse vehicle lineup, Nissan continues to contribute to the diversity and vitality of the U.S. automotive industry.
8. Subaru Corporation – 4.1%
Subaru, formerly the Nakajima Aircraft Company in 1917, has experienced a transformation journey from the aviation industry to the automotive industry. The company transitioned into automobile manufacturing in 1953 and changed its name to Fuji Heavy Industries, followed by Subaru Corporation in 2017. Subaru has a 4.1% U.S. market share as of 2022 and has solidified its position with a manufacturing plant in Lafayette, Indiana. , as well as a product lineup that includes popular models such as the Forester, Impreza and Ascent.
Subaru’s success is often attributed to its commitment to all-wheel-drive technology, safety innovations and a loyal customer base that values the brand’s adventurous spirit. The company’s unique approach combines rugged versatility with reliability, making it a player to watch in the highly competitive U.S. automotive market.
9. Tesla – 4%
Founded in 2003 by Martin Eberhard and Marc Tarpenning, Tesla is a pioneer in the automotive industry, focusing on electric vehicles (EV). Elon Musk became CEO in 2004 and has since pushed Tesla to the forefront of the electric vehicle market. As of 2022, Tesla holds 4% market share in the United States and is headquartered in Austin, Texas.
Tesla, which employs about 100,000 people worldwide, has upended traditional automotive norms with best-selling models such as the Model Y, Model 3 and Model S. Beyond electric vehicles, Tesla has played a key role in advancing self-driving technology and building strong infrastructure. Supercharger network. Its innovative approach, focus on sustainability and charismatic CEO make Tesla a transformative player in shaping the future of transportation.
10. Volkswagen Group – 3.6%
Volkswagen originated in Wolfsburg, Germany, entered the U.S. market in 1949, and established a U.S. subsidiary in 1955. As of 2022, Volkswagen Group has a 3.6% market share in the United States and is headquartered in Herndon, Virginia. The company’s popular models in the United States include the Tiguan crossover, Atlas and Jetta sedans. With a history deeply rooted in automotive heritage, Volkswagen has grown into a global giant with a broad range of vehicles.
The company’s commitment to innovation is reflected in its push into electric mobility, with the ID.4 being a compelling addition to its lineup. Despite the challenges, the Volkswagen Group remains a significant player in the U.S. automotive landscape, blending German engineering with a commitment to meeting changing consumer demands.
How does Ford Motor Company contribute to the U.S. auto industry?
Founded by Henry Ford in 1903, Ford Motor Company has made profound contributions to the American automobile industry, shaping industry development and consumer preferences. As one of the world’s oldest automakers, Ford played a key role in pioneering mass production techniques, particularly the introduction of the assembly line. This innovation revolutionized the manufacturing process and made cars cheaper and more accessible to the masses. The iconic Model T, launched in 1908, embodied Ford’s commitment to making cars for the masses and is often seen as a symbol of the early success of the American auto industry.
Over the years, Ford has continued to adapt to changing market demands and technological advances. The company expanded its international presence early on, establishing its first international sales branch in Paris in 1908. In recent decades, Ford has focused on producing a variety of vehicles, from trucks and SUVs to electric and hybrid models. Notable successes include the Ford F-Series trucks, consistently among America’s best-selling vehicles, and the introduction of popular models such as the Bronco, E-Series and EcoSport.
Ford’s commitment to innovation is reflected in its ongoing efforts to develop advanced technologies, including electric and autonomous vehicles. The company is investing heavily in electric vehicle development to lead the transition to a more sustainable automotive future. With approximately 90,000 employees and 20 manufacturing plants in the United States, Ford continues to be a key player in the U.S. automotive landscape, balancing its rich heritage with a forward-looking approach to meeting the changing needs of American consumers.
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