RealRate’s 2023 ranking for the U.S. Motor industry has just rolled off the production line. The results, which are sorted by financial strength, are right here!
The Top 10 Motor Companies are as follows:
They had Economic Capital Ratio figures of 459%, 458%, and 341%, respectively.
All 3 companies did well due to their strong Net Income performance.
Leatt has risen from 3rd to 2nd to 1st place in the last 3 years, so congratulations there! Gentex was 1st last year. Fox Factory Holding has risen from 12th place to 3rd, so well done for such a huge improvement!
From a total of 57 companies, 14 received our ‘Top Rated’ award.
The next 10 companies are as follows:
The U.S. motor industry is absolutely enormous.
The total value of the U.S. automobile manufacturing market is $104.1 billion in 2023.
The U.S. automobile industry sold an estimated 13.75 million cars and light truck vehicles in 2022.
The auto industry also accounts for 3% of America’s GDP.
The most incredible thing we do at RealRate is to deliver a system of ratings that are fair and independent. We bring together expert knowledge and groundbreaking AI in a package we are immensely proud of.
It is this AI model that computes the all-important Economic Capital Ratio figure.
We are truly unbiased and only work with audited public data. We are explainable and fair and do not have any conflicts of interest.