Here are the top companies in the automobile industry of the year 2018 that shows innovation like no other:
BMW is a German auto giant and one of the most successful luxury car manufactured in the world. In the year 2017, the company has recorded a worldwide sale of 2.9 million automobiles that is 4,2 percent from the year 2016. As of now, the company’s stock is suffering from a similar trend among the competitors and brought down the market cap by 16 percent. BMW started with the electric car by launching the hybrid i3 and i8 models in the year 2014.
Volkswagen has sold more than 10.7 million vehicles in the year 2017 and has increased by 4.3 percent from the previous year 2016. It was a meaningful turnaround for the company as the company’s reputation went down after been caught for cheating on emission tests by the U.S. Environmental Protection Agency in the year 2008. Even though the company went through a huge loss, they shares went up to 25 percent shares in the year 2018.
Daimler is the current owner of the luxury brand Mercedes-Benz and also the largest Greman automaker. The company sold more than 3.3 million automobiles worldwide last year. Same like the other luxury automakers, the company’s market cap is falling for the past three years. Tesla may be in the lead by introducing driver-less car technology, but the Mercedes-Benz S-Class still holds the first position to feature hand-off technology.
4. Honda Motor Co.-
Honda is famous for many popular brands like Accord, Civic, and Crv. Even though after selling a record 5.02 million automobiles in the year 2017, according to Honda’s marketing cap, Statista was up by 1.8 percent in the three years. It may be because the investors are concerned that Honda will be late to the competition to changes in the industry. The BI intelligence projected more than 30 million driverless cars in the year 2020, but the company is targeting to bring its first driverless car in the year 2025.
5. Toyota Motor Corp-
Toyota is the largest auto company in the world with more than 200 billion market cap which is about four times the size of Tesla. The company is not immune to the overall weakness surrounding it in its legacy of auto stocks with an increase of percent seen in the past three years. Even though the Prius model was the top-selling hybrid model ever released in automobile history, the company has fallen behind all the market leaders in the electric car technology. At the end of the year 2016, the company appointed its new CEO Akio Toyoda to lead the new electric car division to bring it back into the market.