While the rise of electric, autonomous vehicles and shared mobility is causing major disruptions to the auto industry, automotive giants during the past four years how much gross margin Turns out he won.
According to 2021 data, although the COVID-19 pandemic caused an 11 percent decrease in the revenues of the entire global automotive industry, the profit margin of the automotive industry had become a concern long ago. With worldwide factory closures, declines in auto sales and massive layoffs Tesla, Toyota, Volkswagen, General Motors and Ford’s profit margins calculated.
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Profit margins of automotive brands: Tesla is way ahead
It would not be wrong to say that the US electric car manufacturer Tesla is at the forefront in the 2018-2022 gross profit margin chart shared by Emre Özpeynirci. In a four-year period 31 percent profit margin The Japanese giant Toyota is right behind Tesla, which caught the market and achieved great revenues despite the chip crisis, with 17 percent.
It should be noted that after Toyota, Volkswagen, GM and Ford take place respectively. Volkswagen is third with 15 percent, GM is fourth with 10 percent, and Ford is fifth with 8 percent, despite a negative profit margin.
When we examine the graph, especially second quarter of 2020 draws attention. In this period, when the Covid-19 pandemic broke out, all manufacturers, except Tesla, seem to have suffered great losses. On the contrary, Tesla managed to increase its revenue in this quarter. It’s interesting to see Ford decline to almost minus 10 percent over the same period.
Between 2015 and 2020, worldwide major automotive companies The average profit margin was about 7.5 percent. Now this figure (at least for the five big producers) has come up to 16.2 percent. Profitability varies from company to company, but overall, electric car manufacturers like Tesla have observed higher profit margins.
Industry experts, environmentally friendly transportation It predicts the market will see an annual growth rate of 7.22 percent as the focus shifts to electric vehicle production to meet growing demand for emissions standards and comply with new guidelines for emissions standards.