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BYD was third best-selling brand in the world in July this year

2 min to read
Sep 4, 2024 3:27 PM CEST
Mark Andrews
BYD Dolphin small electric hatchback car photographed in Shanghai, China.

According to data from Yiche, BYD was the third best-selling brand in the world in July of this year. The data shows that BYD sold nearly half as many cars as first-placed Toyota and was just over 30,000 behind second-placed Volkswagen. Despite ranking so highly in July, so far this year, from January to July, BYD is in eighth place in the sales rankings. It should be emphasized that the results are for the brand rather than the group.

BYD sold 315,600 cars in July compared to Toyota’s 651,200 and Volkswagen’s 346,200. No other Chinese brand managed to get within the top 10, however, Chery managed to get eighteenth position with sales of 71,100 and Geely twentieth place with sales of 63,800.

1Toyota651,200
2Volkswagen346,200
3BYD315,600
4Honda280,800
5Ford265,400
6Hyundai245,900
7Suzuki228,400
8Nissan218,300
9Kia199,000
10Chevrolet198,600
11Mercedes Benz139,700
12BMW139,400
13Tesla112,400
14Audi111,000
15Mazda94,200
16Fiat72,600
17Subaru72,200
18Chery71,100
19Jeep64,100
20Geely63,800
Top 20 best-selling brands in July 2024

However, the picture regarding sales for the year so far was significantly different. Despite its strong showing in July, BYD only managed to clinch eighth place from January to July, based on sales of 1,714,100. Sales for Geely were significantly lower, at 577,700, with the brand managing eighteenth place overall. Once again, Toyota and Volkswagen were in first and second place, respectively, but Honda came in third for the year so far.

1Toyota4,594,000
2Volkswagen2,613,600
3Honda2,078,200
4Ford2,037,300
5Hyundai1,879,900
6Suzuki1,770,500
7Nissan1,721,700
8BYD1,714,100
9Kia1,484,000
10Chevrolet1,407,800
11BMW1,133,400
12Mercedes Benz1,068,400
13Tesla915,100
14Audi882,500
15Renault719,000
16Mazda665,700
17Fiat635,100
18Geely577,700
19Jeep538,100
20Peugeot533,600
Top 20 best-selling brands January to July 2024

Editor’s note:

Chinese car sales are usually more concentrated in the second half of the year, and it will be interesting to see whether the overall rankings of Chinese brands will increase by December. This data, however, shows that despite the strength of the Chinese car market, it is still relatively fragmented and that bar BYD, there is yet to be a brand that can really register on the world stage. If Chinese cars really are going to dominate the world market then we ought to be seeing at least one or two other brands in the top ten in addition to BYD.

Source: Fast Technology

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