Tesla is the fastest-growing car brand in the world

Its value has risen 32 percent

Tesla Supercharger line-upToyota remains the world’s biggest car brand, with a value of $28.7 billion, according to the 2017 WPP and Kantar Millward Brown BrandZ study. However, this actually represents a 3 percent decline over last year. In contrast, Tesla’s value has shot up a staggering 32 percent, making it not only the eight most valuable automotive firm, but also the world’s fastest-growing car brand of all.

In moving from 10th place to eighth place in the car brand rankings, Telsa has overtaken both Land Rover and Porsche – ensuring Elon Musk’s electric car company is the story of the 2017 survey.

Overall, it is worth $5.9 billion, according to the 2017 WPP/KMB ‘BrandZ Top 100 Most Valuable Global Brands’ survey. Why so much? Because it’s considered an innovative, stylish luxury car brand that gives ‘the performance of a high octane, carbon-burning engine without the guilt’.

More Tesla on Motoring Research:

Toyota’s 3 percent decline, meanwhile, was blamed on currency challenges, rising labour costs and the need for increased investment to compete in the tech-packed future world of the automotive industry.

Indeed, “the financial pressures to deliver current sales while also investing and anticipating the future are placing established brands under great pressure,” said Peter Walshe, Global BrandZ strategy director. This is “creating space for newcomers like Tesla to power ahead.

“Strong brands will not only help car groups boost existing revenues but encourage consumers to stick with them as the vehicle they drive changes fundamentally.”

BMW and Mercedes-Benz remained in second and third place, but Ford moved up one spot, overtaking Honda with a brand value of $13.1 billion. This is despite its recent leadership changes at the top.

Overall, the top 10 global automotive sector brands are worth $139.2 billion. Within this, luxury brands now make up more than half the rankings, a big increase on the 36 percent representation in the first BrandZ survey back in 2006.

Car firms have a long way to go until they match the very biggest brands in the world, though. Google, Apple and Microsoft are the three most valuable global brands of all, with a combined value of over $620 billion. Facebook is in fifth place – and its 27 percent growth in value to $129.8 billion means it alone is worth only $10 billion less than all the top 10 biggest car brands combined…

The 10 most valuable car brands in the world

  1. Toyota: $28.7 billion
  2. BMW: $24.6 billion
  3. Mercedes-Benz: $23.5 billion
  4. Ford: $13.1 billion
  5. Honda: £12.2 billion
  6. Nissan: $11.3 billion
  7. Audi: $9.4 billion
  8. Tesla: $5.9 billion
  9. Land Rover: $5.5 billion
  10. Porsche: $5.1 billion

Related Articles

Richard Aucockhttps://www.motoringresearch.com/
Richard is director at Motoring Research. He has been with us since 2001, and has been a motoring journalist even longer. He won the IMCO Motoring Writer of the Future Award in 1996 and the acclaimed Sir William Lyons Award in 1998. Both awards are run by the Guild of Motoring Writers and Richard is currently chairman of the world's largest organisation for automotive media professionals. Richard is also a juror for World Car Awards and the UK juror for the AUTOBEST awards.


Please enter your comment!
Please enter your name here


Official figures show car use down 30% in second lockdown

Road use is down 30 percent in the UK's second 2020 lockdown, as travel restrictions continue to have an impact on car use and traffic.

BMW eDrive Zones help get the best from plug-in cars

BMW has launched its world-first eDrive Zones technology in the UK. The system switches to electric power when entering a zero emission zone.

Sat-nav app Waze to help small businesses

Waze plans to make it easier for local firms to add their details to the navigation app, ahead of Small Business Saturday on 5 December 2020.

How to secure your car with an OBD port locking device

Criminals are consistently using high-tech equipment to steal cars. This is how to stop your On-Board Diagnostics port being exploited.

Find a Car Review