The 7 fastest growing car companies in the past 10 years

The automobile market industry had its share of significant events over the last decade. Newer brands began to stand out as older ones worked hard to overcome the effects of the economic crisis at the start of the decade, resulting in the competitive market we have today.

Learn about the 7 car companies whose growth in both sales and revenue has stood out the most in many aspects over the last ten years and is expected to continue in evidence for the coming years in this context, becoming a good option for investments too.

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Toyota

Japanese automaker Toyota has been consolidated over the years as the great business leader of the last decade. The automaker’s characteristic production model ensured its rise in more than 160 countries, culminating in the achievement of a global hegemony.

Tesla

Tesla is a high-performance electric vehicle manufacturer and energy storage company based in California, which also stands out in the autonomous vehicle segment. Tesla was regarded as a small, niche company at the beginning of the last decade.

The company’s profit margins and capital efficiency have increased significantly in recent years, and as a result, its shares in the financial sector have skyrocketed. Such events undoubtedly helped to cement the automaker’s position as one of the world’s largest nowadays.

Image: Web/Reproduction

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Mercedes

Mercedes-Benz is a German automobile manufacturer that is part of the Daimler group. The company had a great productivity growth during the last dacade and established itself as one of the world’s largest automakers.

Its positive reputation and diverse product line were able to ensure higher profits over the years and continuous investment in technological development to keep pace with market trends.

Audi

Audi is a German automobile manufacturer that is part of the Volkswagen Group, along with the Lamborghini and Ducati brands.

Its sales, which had already expanded during the first ten years of the century, continued to show positive growth and to enter markets in more diverse countries in the last decade.

Hyundai

Hyundai, a South Korean multinational corporation that includes the subsidiary Kia, quickly rose to prominence in the last decade mostly for providing high-quality vehicles at more affordable prices to the general public.

Its automotive plant in Ulsan recently produced more than 1.5 million vehicles within a single year, and the brand’s vehicles are currently being sold in over 190 countries. It has over 10 million vehicles exported, making it the world’s second automaker to reach this goal.

Nissan

Nissan Motor Corporation is the third largest Japanese automaker in terms of market capitalization.

It is, along with Tesla, the largest manufacturer of electric vehicles. It became part of Renault in the late 1990s, and in 2016 they also consolidated an alliance with Mitsubishi.

BMW

Bayerische Motoren Werke is a German automobile and motorcycle manufacturer that sells its products under the BMW, Mini, and Rolls-Royce brands.

The automaker also has a sustainable mobility segment and a first-rate structure that includes dozens of factories spread across more than ten countries, stemmed from its economic growth during the last couple of years.