Chevrolet: 15+ Top Competitors and Alternatives

It is popularly known as Chevy in America. Chevrolet deals in Trucks, sports cars, NASCAR, SUVs, and Vans. It was incorporated on November 3, 1911, by Louis Chevrolet and William C. Durant and had branches in more than 100 countries, such as China, Canada, South Africa etc.

Its best-selling cars include Chevrolet Silverado, followed by Malibu, Cruze and Traverse. It is currently trading at 35.79 USD. It has reported annual revenue of more than 11 Billion US Dollars. 

Top Chevrolet Competitors

1. Ford

Ford is known to everyone. It is a multinational company that majorly operates in Trucks, Light Motor Vehicles, and Muscle Cars. The EBITDA of Ford for the previous year was $10.483B.

The best-selling car for Ford is the Ford F Series. Due to the shortage of Semiconductor chips, Ford has halted or completely stopped its operations in various countries. Ford has the most significant market share in muscle cars in the American market.

2. General Motors

General Motors Company is a multinational automotive corporation based in the USA. It is headquartered in Detroit, Michigan.

It deals in Buick, GMC, and Cadillac. It is the Parent Company of Chevrolet. It reported a net income of US $10 Billion.

It has many other subsidiaries, such as GMC, Cruise, Onstar, etc. Its best-selling automobile is the Chevrolet Silverado pickup. 

3. Toyota

Toyota is a multinational automobile manufacturing company that originated in Japan in 1937, and Kiichiro Toyoda founded it.

It has headquarters in Aichi, Japan. It deals in Daihatsu, Hino, Lexus, Ranz. Toyota started as a textile manufacturer and later started a car manufacturing business. Its parent company is Mazda Motor Corporation and Suzuki.

It has various subsidiaries such as Isuzu, Subaru, etc. Its EBITDA for the year 2021 was US $36.115B.

4. Nissan

Nissan is also an automobile manufacturing unit incorporated in Japan in 1933 by Masujiro Hashimoto. Nissan means “Japanese Made” in Japan.

It recorded a net profit of US $1.82B. Nissan specially deals in Light motor vehicles and speed cars. Its best-selling cars are Versa, Sentra, Maxima, etc. The parent company of Nissan is Groupe Renault.

The subsidiaries of Nissan motors are Infiniti Motor, Nismo etc. Nissan is Japan’s second-largest car manufacturer.  

5. FAW Group

FAW, which stands for “First Automobile Works”, is an automobile manufacturer headquartered in Changchun, Jilin. It is a Chinese state-owned company. The total vehicles sold are 215000 units.

The market share declined to 17.85% from 22.06%The company majorly sells vehicles such as Hongqi, Bestune, FAW-Toyota and FAW-Volkswagen.

It exports to more than 80 countries Egypt, Iraq, Kenya etc. It was the first automobile venture in China. 

6. Renault

Renault originated in France to become one of the top global car sellers. It was founded in 1899 by Louis Renault Fernand Renault and other brothers.

The company produces a range of cars such as Trucks, Vans and Light motor vehicles.  Its best selling cars are Kwid, Kiger and Triber. It recorded a net profit of US $1 Billion. Its CEO is Leca De Meo.

It is France’s most prominent and best automobile seller. Its exports to more than 20 countries, including India, South Africa etc.  

7. FCA

FCA is an Italy based automobile seller company founded in 2007 by Stellantis in Turin, Italy. FCA stock is currently trading at 12.69Euros which is above its 52-week range.

It has Alfa Romeo, Abarth, and Lancia as subsidiaries. Its parent company is Fiat Chrysler Automobiles. Its best selling car is the Grand Caravan. It reported a net profit of 6.6 Billion Euros in 2021, up by 19.98% from last year. 

8. Volkswagen 

Volkswagen was founded in 1937. It is the largest car manufacturing vehicle in the world. It owns many top brand companies as subsidiaries, such as Skoda, Lamborghini etc. It is translated to “People’s Car” in Germany. Its primary market is China. It recorded a net profit of US $17.561 Billion in 2021. It made a substantial revenue of $296.012 Billion which increased from 2020 revenue by more than 15%. 

9. BMW

Bayerische Motoren Werke AG (BMW) is a German manufacturer of luxury vehicles, motorcycles, trucks etc. It is headquartered in Munich, Bavaria, Germany.

It was founded in 1916, and it first produced aircraft engines and then shifted to building cars. It reported a net profit of 12.5 Billion Euros.

Currently, its share is trading at 77.85 Euros. The best selling vehicle of BMW is the BMW 5 series. 

 10. KIA

KIA is a South Korean-based company headquartered in Seoul, South Korea. Hyundai Motor Company owns KIA motors as a subsidiary.

It has increased its global presence, increasing its revenue by 12% in 2021 by 2020. It reported a net profit of 61 Million US Dollars and a gain of 16.58 trillion. Its best selling car is Kia Seltos and Kia Carnival.

KIA’s biggest market is the US, accounting for 21.02%, followed by Korea, Europe, and China. KIA brands its products based on Movement and Innovation. 

11. Hyundai

It is a South Korean multinational car manufacturer and corporation which owns KIA and various other brands. Chung Ju-Yank founded it in 1967. It sells Sedan, Hatchback, and SUVs and recently entered the blooming EV segment.

It reported a net profit of 701 Million UDS. Its best selling cars are Elantra, Tucson, Creta etc. Hyundai sold the most cars in the North American region, followed by Europe and Turkey. It sold more than 810 thousand units.

Hyundai is one of the biggest car manufacturers in South Korea. Its stock is currently trading at 005380 KRX. 

12. Daimler

Daimler produces commercial vehicles such as trucks, Light and Heavy motor vehicles, cars etc. Its significant profit share comes from heavy and light motor vehicles.

It is the parent company of Mercedes-Benz.

It was founded in 1998 in Stuttgart, Germany. It recorded a net profit of 23.4 Billion Euros. Its biggest market is China, followed by Europe and Asia. Its best selling product is E Class. 

Similar Posts: