In 2023, the EBIT margin for global automakers was three percentage points above the margins recorded by automotive suppliers. This has been an ongoing trend since 2020, when OEMs' profit margins surpassed those of suppliers in parts due to the supply chain disruptions brought on by the COVID-19 pandemic. To face these shortages, automakers were able to raise prices and focus production on models with higher margins, while suppliers could not rely on similar strategies.
Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023
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Bain & Company. (June 20, 2024). Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023 [Graph]. In Statista. Retrieved November 21, 2024, from https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/
Bain & Company. "Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023." Chart. June 20, 2024. Statista. Accessed November 21, 2024. https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/
Bain & Company. (2024). Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023. Statista. Statista Inc.. Accessed: November 21, 2024. https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/
Bain & Company. "Annual Profit Margins of Automakers and Automotive Suppliers Worldwide between 2018 and 2023." Statista, Statista Inc., 20 Jun 2024, https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/
Bain & Company, Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023 Statista, https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/ (last visited November 21, 2024)
Annual profit margins of automakers and automotive suppliers worldwide between 2018 and 2023 [Graph], Bain & Company, June 20, 2024. [Online]. Available: https://www.statista.com/statistics/1482348/annual-ebit-margins-of-oems-and-suppliers-worldwide/
