OEM financial results for 2022 show a trend towards higher revenues and profits, against a backdrop of rising product prices and improved model mix
A comparison of the 2022 full-year results of the world’s major automobile manufacturers in US dollar terms shows that many of them achieved higher revenues and profits due to positive factors such as a trend towards higher product prices due to global inventory shortages and an improved model mix. The strengthening of the US dollar against the euro, the yen and the Korean won tended to suppress the results of European, Japanese and Korean manufacturers when converted into US dollars, but they secured solid results.
VW posted the largest increase in sales, up 5.2% year-on-year to USD 298.14 billion. Excluding Japanese automakers, whose financial year ends in March, Stellantis (up 11.3% to USD 191.76 billion), M-Benz (up 5.6% to USD 160.18 billion), Ford (up 15.9% to USD 158.06 billion), GM (up 23.4% to USD 156.74 billion), BMW (up 20. It was followed by GM (up 23.4% to USD 156.74 billion) and BMW (up 20.9% to USD 152.27 billion).
With regard to performance in 2023, although the negative impact of the Russia-Ukraine war is still expected to continue, many manufacturers are likely to maintain an increasing revenue trend as supply chain disruptions caused by semiconductor shortages are being resolved and product supply is expected to normalise. However, some manufacturers are of the view that negative factors, such as higher loan interest rates and lower disposable income due to higher prices, will put pressure on profits.
In addition, due to government policies in major European and US countries, manufacturers are investing large amounts of money in the development of BEV products and production systems, and it will be necessary to pay attention to trends related to research and development costs and capital investment costs. In addition to trends related to electric vehicles, which can be described as a next-generation industry, the report analyses the automobile and parts industries, mainly in Europe and the US, and the business trends/strategies of manufacturers, ranging from internal combustion engine vehicles, which form the core of the conventional automobile industry. In addition to vehicle sales and production in some 90 countries and monthly sales of electric vehicles in 42 countries around the world, this special report includes special features dedicated to electric vehicles and a ranking of global parts suppliers’ sales.