AUTO INDUSTRY NEWS

Volkswagen reclaims title of world's biggest automaker

Volkswagen reclaims title of world's biggest automaker image

Anton Andres / Kelvin Christian Go, Anton Luis O. Andres | June 22, 2017 17:08

Daimler enters the top 10, knocking Peugeot out

Last month, we reported the top three biggest automakers in the world as of the first quarter of 2017. In the latest figures submitted by JATO Dynamics, they have listed down the top ten with another company entering the fold. Their latest list sees Volkswagen Auto Group back at the top with Toyota and Renault-Nissan Alliance not far behind.

VW reclaims top spot in global sales

Based on new car registrations, Volkswagen Auto Group saw a total of 3,322,262 registrations from January 2017 to April 2017. Less than 300,000 registrations away is Toyota Motor Corporation with 3,062,349 while close behind is Renault-Nissan Alliance with 3,022,357 new registrations. That said, Renault-Nissan Alliance burst onto the scene from fourth, overtaking General Motors with 2,977,702 new registrations for the first four months.

In fifth was Hyundai-Kia with a total of 2,059,035 new registrations, followed by Ford with 1,999,361. With no stakes in other car companies, Honda continues to be the world's largest independent automaker in the world and sits in seventh in the global sales race. The Japanese automaker saw 1,647,503 new registrations for the first quarter of the year. Despite the legal battles, Fiat Chrysler Automobiles clings on to eighth thanks to 1,539,262 new registrations.

Daimler enters the top 10 thanks to China

Thanks to a strong presence in India and a sales boost in Europe, Suzuki sticks to ninth place. Suzuki was just shy of the one million mark at 980,244 new registrations. Entering the top ten is Daimler, knocking out Peugeot with 869,781 registrations. 

According to Juan Felipe Munoz-Vieira, Global Analyst for JATO Dynamics, Volkswagen can attribute the boost in registrations to the newly launched Seat Ateca crossover. Their latest offering comprised an eleven percent growth of the Spanish brand. Based on year on year growth, Volkswagen Auto Group is down by just one percent as the German conglomerate continues to bounce back from their stormy 2015. Toyota and Nissan meanwhile made great strides in the first quarter of the year with new car registration up by six and eight percent, respectively.

Honda remains to the the world's largest independent automaker

Honda's year on year registrations grew by eight percent while Suzuki posted an eleven percent increase in new car registrations. Making the biggest strides in the top ten is Daimler, posting an impressive fourteen percent growth. Munoz-Vieira attributes the rise of Daimler thanks to a booming market in China, effectively becoming the German company's biggest market.

In the top ten, it was Hyundai-Kia that saw the biggest losses with year on year sales down by eight percent. Munoz-Vieira says that the Kona and Stonic might just buck the downward trend. Also selling fewer cars in the first quarter is Ford, down by three percent. General Motors and Fiat Chrysler on the other hand stay steady with no growth reported in the year.