Largest Car Manufacturers in The US - Top 10 Driving Dominance
by B Kishwar | Updated Dec 29, 2023
Top 10 Largest Car Manufacturers in The US
1
General Motors
17%
2
Toyota Motor Company
15%
3
Ford Motor Company
14%
4
Stellantis North America
12%
5
Hyundai Motor Group
11%
6
Honda Motor Company
7.3%
7
Nissan Motor Co
6.1%
8
Subaru Corporation
4.1%
9
Tesla
4%
10
Volkswagen Group
3.6%
S.No
Largest Car Manufacturers
Market Share
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Largest Car Manufacturers in The US
The United States automobile market boasts a rich history, driven by a deep-seated passion for cars. This passion is reflected in the high volume of car sales, with nearly two-thirds of American households owning two or more cars. In this thriving automotive landscape, legacy companies that laid the foundation for the industry coexist with successful foreign automakers. The top 10 largest car manufacturers in the U.S., as of 2023, showcase a diverse mix of longstanding American icons and global players. From General Motors, with its enduring legacy, to newcomers like Stellantis North America and pioneers in electric vehicles like Tesla, these manufacturers collectively shape the dynamic landscape of the U.S. automotive industry.
1. General Motors - 17%
General Motors (GM), established in 1908 in Detroit by William C. Durant, holds a prominent position as the largest car manufacturer in the United States. With a remarkable 17% market share as of 2022, GM has maintained its headquarters in Detroit, the birthplace of the American automotive industry. The company's enduring legacy is underscored by its commitment to innovation and adaptation to market trends. Boasting a workforce of approximately 94,000 employees in the U.S. alone, GM operates factories across eight countries.
Notably, GM has signaled a forward-looking approach by announcing plans to cease the production and sale of internal combustion engine cars by 2035, aligning with the global shift towards sustainable transportation solutions.
2. Toyota Motor Company - 15%
Founded in Japan in 1937, Toyota Motor Company has emerged as a major player in the U.S. automotive market, securing a substantial 15% market share in 2022. Originating as a spinoff of Toyota Industries, the company's American subsidiary, established in 1957, is headquartered in Plano, Texas. With a focus on quality and reliability, Toyota operates 15 manufacturing facilities across the U.S. and employs around 176,000 people in manufacturing, supporting operations, and dealerships.
The diverse portfolio of Toyota's top-selling models, including the Tacoma, Corolla, Highlander, Camry, and RAV4, reflects the brand's popularity among American consumers. Beyond its commitment to producing reliable vehicles, Toyota is actively engaged in shaping the future of mobility, emphasizing sustainability and technological advancements in its pursuit of excellence.
3. Ford Motor Company - 14%
Ford Motor Company, founded in 1903 by the visionary Henry Ford, holds a significant position in the U.S. automotive landscape with a 14% market share as of 2022. Headquartered in Dearborn, Michigan, Ford has a storied history, gaining international recognition shortly after its inception by opening its first overseas sales branch in Paris in 1908.
The company operates 20 manufacturing plants across the U.S., employing approximately 90,000 people. Some of Ford's best-selling models include the Bronco, E-Series, and EcoSport, catering to a diverse range of consumer preferences. Ford's commitment to innovation is evident in its strategic focus on electric and autonomous vehicles, aligning with the industry's evolving landscape.
4. Stellantis North America - 12%
Stellantis North America, representing a 50/50 merger between Fiat Chrysler Automobiles and Peugeot’s parent company, PSA Group, emerged as a major player in the U.S. automotive market with a 12% market share. Established in 2021, this relatively new entity brought together a diverse portfolio of popular car brands, including Chrysler, Dodge, Jeep, Alfa Romeo, Citroen, 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, merging the strengths of two global automotive giants to shape the future of mobility.
5. Hyundai Motor Group - 11%
Hyundai Motor Group, established in 1998 through the acquisition of a majority stake in Kia by Hyundai, has become a major force in the U.S. automotive industry, holding an 11% market share as of 2022. The South Korean conglomerate encompasses Hyundai Motor Company and Kia Corporation, collectively offering a diverse range of vehicles. With a strong presence in the U.S., the group employs over 30,000 people, contributing significantly to the country's automotive landscape.
Hyundai's commitment to innovation is evident in its pursuit of hydrogen fuel technology, showcasing a forward-looking approach to the evolving needs of the industry. Popular models like the Tucson, Elantra, and Accent have solidified Hyundai Motor Group's position in the U.S. market, appealing to consumers with a blend of reliability, efficiency, and advanced features.
6. Honda Motor Company - 7.3%
Honda Motor Company, a Japanese automotive giant, commands a substantial 7.3% market share in the U.S. automobile market. Founded in 1948, Honda expanded its global presence, establishing its U.S. subsidiary in 1959 and venturing into automobile production in 1982. The company has successfully captured the American market with popular models such as the Civic, Accord, and CR-V. Employing around 30,000 people in the U.S., Honda has become an integral part of the country's automotive landscape.
Known for its commitment to quality and innovation, Honda has continually adapted to consumer preferences, maintaining its relevance and competitiveness in the dynamic U.S. market. The brand's success is a testament to its ability to balance performance, fuel efficiency, and technological advancements, making Honda a trusted choice among American car buyers.
7. Nissan Motor Co - 6.1%
Nissan Motor Co, a prominent Japanese automaker, holds a significant 6.1% market share in the U.S., showcasing its enduring presence in the American automotive landscape. Originally arriving in the U.S. as Datsun in 1958, Nissan has evolved to become a key player with around 21,000 employees in the country, including 16,000 in manufacturing.
The company's commitment to innovation is exemplified by recent bestsellers like the Sentra, Altima, and Versa. Nissan's ability to adapt and resonate with American consumers has solidified its position in a competitive market. With a rich history and a diverse lineup of vehicles, Nissan continues to contribute to the diversity and vibrancy of the U.S. automotive industry.
8. Subaru Corporation - 4.1%
Subaru Corporation, originating as Nakajima Aircraft Company in 1917, has undergone a transformative journey from aviation to automotive excellence. The company transitioned to automotive manufacturing in 1953 and rebranded as Fuji Heavy Industries, later adopting the name Subaru Corporation in 2017. With a 4.1% market share in the U.S. as of 2022, Subaru has solidified its presence with a manufacturing plant in Lafayette, Indiana, and a lineup featuring popular models like 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, combining rugged versatility with reliability, has contributed to its standing as a noteworthy player in the competitive U.S. automotive market.
9. Tesla - 4%
Tesla, founded in 2003 by Martin Eberhard and Marc Tarpenning, stands as a pioneering force in the automotive industry with a focus exclusively on electric vehicles (EVs). Elon Musk took the helm as CEO in 2004 and has since propelled Tesla to the forefront of the EV market. As of 2022, Tesla commands a 4% market share in the U.S. and is headquartered in Austin, Texas.
With a workforce of around 100,000 globally, Tesla has disrupted traditional automotive norms with best-selling models like the Model Y, Model 3, and Model S. Beyond electric vehicles, Tesla has played a key role in advancing autonomous driving technology and establishing a robust network of Supercharger stations. Its innovative approach, emphasis on sustainability, and charismatic CEO have made Tesla a transformative player in shaping the future of transportation.
10. Volkswagen Group - 3.6%
Originating in Wolfsburg, Germany, Volkswagen entered the U.S. market in 1949 and established its American subsidiary in 1955. As of 2022, Volkswagen Group holds a 3.6% market share in the U.S. and is headquartered in Herndon, Virginia. The company's popular models in the U.S. include the Tiguan Crossover, Atlas, and Jetta sedan. With a history deeply rooted in automotive traditions, Volkswagen has evolved into a global giant, offering a diverse range of vehicles under its umbrella.
The company's commitment to innovation is reflected in its foray into electric vehicles, with the ID.4 being a notable addition to its lineup. Despite facing challenges, Volkswagen Group continues to be a prominent player in the U.S. automotive landscape, blending German engineering with a commitment to meeting evolving consumer demands.
How Has Ford Motor Company Contributed to the U.S. Automotive Landscape?
Ford Motor Company, founded in 1903 by Henry Ford, has made profound contributions to the U.S. automotive landscape, shaping the industry's evolution and consumer preferences. As one of the oldest automakers in the world, Ford has played a pivotal role in pioneering mass production techniques, notably with the introduction of the assembly line. This innovation revolutionized manufacturing processes, making automobiles more affordable and accessible to the general public. The iconic Model T, introduced in 1908, exemplifies Ford's commitment to making cars for the masses and is often regarded as a symbol of the American automotive industry's early success.
Over the years, Ford has consistently adapted to changing market demands and technological advancements. 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 diverse range of vehicles, from trucks and SUVs to electric and hybrid models. Notable successes include the Ford F-Series trucks, consistently among the best-selling vehicles in the U.S., and the introduction of popular models like the Bronco, E-Series, and EcoSport.
Ford's commitment to innovation is exemplified by its ongoing efforts in developing advanced technologies, including electric and autonomous vehicles. The company has invested heavily in electric vehicle development, aiming to lead the transition to a more sustainable automotive future. With a workforce of around 90,000 employees in the U.S. and 20 manufacturing plants, Ford continues to be a key player in the U.S. automotive landscape, balancing its rich heritage with a forward-looking approach to meet the evolving needs of American consumers.
Largest Car Manufacturers in The US - FAQs
General Motors holds a significant market share of 17% in the U.S. automotive market as of 2022.
Stellantis North America was established in 2021 as a result of a 50/50 merger between Fiat Chrysler Automobiles and Peugeot’s parent company, PSA Group, creating one of the largest carmakers in the U.S. and globally.
Tesla is renowned for its exclusive focus on electric vehicles (EVs) and was founded in 2003 with the mission of advancing sustainable transportation.
Subaru Corporation, with a 4.1% market share, is known for its transition from aviation to automotive manufacturing, a commitment to all-wheel-drive technology, and a lineup featuring rugged yet reliable models like the Forester and Impreza.
Volkswagen, originating in Wolfsburg, Germany, began selling cars in the United States in 1949 and currently holds a 3.6% market share in the U.S. automotive market.