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

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 Jan to Jul, BYD is in eighth place in the sales rankings. It should be emphasized that the results are for the brand rather than the group.

Top 20 best-selling brands in Jul 2024.

However, the picture regarding sales for the year so far was significantly different. Despite its strong showing in Jul, BYD only managed to clinch eighth place from Jan to Jul, 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.

Top 20 best-selling brands January to July 2024.

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 Dec. 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.