BYD became the third best-selling brand in the world this July

According to data from Yiche, BYD became the third-best-selling brand in the world in July of this year. The data shows that BYD sold nearly half as many vehicles as Toyota, which took first place, and just over 30,000 more vehicles than Volkswagen, which took second place. Despite this high ranking in July, BYD ranks eighth in sales for the year to date (January through July). It should be noted that these results refer to the brand, not the group.

BYD sold 315,600 vehicles in July, compared to 651,200 for Toyota and 346,200 for Volkswagen. None of the Chinese brands made it into the top ten, though Chery managed to take eighteenth place with sales of 71,100 units, and Geely took twentieth place with sales of 63,800 units.

1	Toyota	651,200
2	Volkswagen	346,200
3	BYD	315,600
4	Honda	280,800
5	Ford	265,400
6	Hyundai	245,900
7	Suzuki	228,400
8	Nissan	218,300
9	Kia	199,000
10	Chevrolet	198,600
11	Mercedes-Benz	139,700
12	BMW	139,400
13	Tesla	112,400
14	Audi	111,000
15	Mazda	94,200
16	Fiat	72,600
17	Subaru	72,200
18	Chery	71,100
19	Jeep	64,100
20	Geely	63,800

Top 20 Best-Selling Brands in July 2024

However, the sales picture for the past year is significantly different. Despite strong performance in July, BYD managed to rank only eighth from January through July, based on sales of 1,714,100 units. Geely’s sales were significantly lower—577,700—and the brand ranked eighteenth. Toyota and Volkswagen once again took first and second place, respectively, while Honda came in third for the year.

1	Toyota	4,594,000
2	Volkswagen	2,613,600
3	Honda	2,078,200
4	Ford	2,037,300
5	Hyundai	1,879,900
6	Suzuki	1,770,500
7	Nissan	1,721,700
8	BYD	1,714,100
9	Kia	1,484,000
10	Chevrolet	1,407,800
11	BMW	1,133,400
12	Mercedes-Benz	1,068,400
13	Tesla	915,100
14	Audi	882,500
15	Renault	719,000
16	Mazda	665,700
17	Fiat	635,100
18	Geely	577,700
19	Jeep	538,100
20	Peugeot	533,600

Top 20 Best-Selling Brands from January to July 2024

Note:
Car sales are typically more concentrated in the second half of the year, and it will be interesting to see if the overall ranking of Chinese brands improves by December. However, these figures show that, despite the strength of the Chinese auto market, it remains relatively fragmented, and that, aside from BYD, no other brand has yet emerged capable of truly making its mark on the global stage. If Chinese cars are truly going to dominate the global market, we should see one or two other brands in the top ten, in addition to BYD.