Top 100 companies worldwide: Motor Vehicle Wholesale & Trade, Including Repairs

In 2021, global year-over-year sales of motor vehicle production increased by 3%, amounting to approximately 80 million motor vehicles being manufactured that year. The increase in output signifies that the automotive industry has begun to recover after the tumultuous years of 2019 and 2020. In 2020, global motor vehicle output shrank by nearly 16%. The dramatic decrease in units produced and sold globally that year is closely related to the COVID-19 pandemic, which saw several manufacturing plants halting production, thousands of people out of a job, and reduced demand during its early stages. Although motor vehicle sales and production volumes improved in 2021, they are yet to return to pre-pandemic levels. In 2022, the production volume amounted to 85 million vehicles.The number of large companies in the motor vehicle wholesale & trade industry, which includes repairs, is an indicator of the overall economic performance of that sector. Not only do these companies provide jobs for the local markets, but they are also able to achieve success in global markets, thus generating greater value.