Toyota Ranks First in Brand Value, Volkswagen Plummets

by Steph Willems

Published: June 8th, 2016

When it comes to brands that resonate with buyers, no other automaker tops Toyota, according to a recent study.

In its annual ranking, BrandZ Top 100 Most Valuable Global Brands shows the Japanese automaker rising two spots to place 28th out of all companies in 2015. Second and third-place automakers BMW and Mercedes-Benz both gained ground in the rankings.

Two million consumers were polled by researchers at Millward Brown to achieve the rankings.

Due to the damage to its reputation caused by the diesel emissions scandal, Volkswagen no longer ranks among the top 10 automakers. Corporate cousin Audi slipped six spots in the overall rankings, putting it in the number seven spot among automakers.

Proving that consumers believe in the ambition and vision of Tesla CEO Elon Musk, the electric carmaker appeared in the top 10 for the first time, ranking number 10. Tesla was propelled up the list due to its interaction with customers and the company’s level of innovative technology.

Millward Brown recently praised Tesla for taking “a revolutionary approach to a moribund product category.”

Rounding out the top 10 list was Honda (4th), Ford (5th), Nissan (6th), Land Rover (8th) and Porsche (9th).

#BrandAppeal #Brands #ConsumerConfidence #Quality #Tesla #Toyota

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18 of 22 comments

Bigtruckseriesreview @ Youtube on Jun 08, 2016

Ugly Cylon looking ugliness. You can keep em till I'm poor.

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- Chocolatedeath on Jun 08, 2016
  
  Com on BT. You and I know that if they afford the same look with a 500hp v6 with AWD and 10 speed auto you would be all over it. lol
  
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- Bigtruckseriesreview @ Youtube on Jun 08, 2016
  
  @Chocolatedeath 1000HP AND THEN WE"LL TALK
  
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- Philadlj on Jun 08, 2016
  
  BY YOUR COMMAND
  
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- Qfrog on Jun 08, 2016
  
  Yes that is a fair description. The question that needs to be answered is which auto mfg will make a car inspired by the Dalek.
  
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- KixStart on Jun 08, 2016
  
  "You can keep em till I’m poor." If you keep buying Chrysler products, that may not be very long at all.
  
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- Lou_BC on Jun 08, 2016
  
  @KixStart Considering FCA quality, you have to be well off to afford to keep them on the road. Value is more than purchase price.
  
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- Makuribu on Jun 08, 2016
  
  I agree on the ugly. Looks like Toyota borrowed the styling geniuses over at Lexus to polish that TRD. And unlike your average FCA product, these ugly Toyotas/Lexii will be haunting the streets for years and years and years. ;)
  
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- Sector 5 on Jun 09, 2016
  
  @makuribu Nothing new the Echo was ugly. The Previa not handsome. I think the Japanese rely on tsunamis to wash away their wheels every few years.
  
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- Ponchoman49 on Jun 09, 2016
  
  @makuribu Those are truly faces only a mother could love. McDonalds is also very popular with many loyal customers every year snapping up billions and billions of hamburgers yet they often rank mid pack to below average in many comparisons and tests. Most people, usually elderly, seem to buy there Camry's, Corolla's and RAV4's because of low prices and perceived reliability. The problem is most everything else made in the past 5-10 years, save a few notable exceptions, is also very reliable but more fun to drive, have higher quality interiors, better powertrains, flashier colors and styling etc. Point being perception is a hard thing to shake with a public that is 80% just not really interested in cars.
  
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Hubcap on Jun 08, 2016

The thing I'd be wary of about VW is Wolfsburg, in an attempt to control costs and recoup a bit of revenue, further managing warranty claims.

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- Speedlaw on Jun 08, 2016
  
  They already are. I had a 2012 TDi, the DPF cracked at 83k, there was a TSB for it, as I was 3k out of Fed Emissions Warranty, they covered half for good will. $2600 job....tsb.....3k out of warranty. Appears the excessive EGR used to not need AdBlue eats the DPF due to heat. (All that highway running, full throttle runs up mountainsides, etc) My plan of making sure they did every oil change at the dealer probably paid off, even if I ate $1300 for a (we know this NOW) defective system. In a bizarre way, the goodwill package mostly made up for this. My other car has fresh Contis in the garage from the VW dealer...it was that or lots of German Castrol....
  
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MazdaThreeve on Jun 08, 2016

Is there a reason with articles like this that we can't get the full list of the results referenced in the snippet? I see the PDF was linked, but can't it just be inline?

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Wsn on Jun 08, 2016

This ranking is really about company size or market share. But it's not really about brand value. For example, Verizon is ranked #8 and China Mobile is ranked #15. They are huge. I get that. But is there much brand value about it? Would I pick them over their competitors based on brand? Not at all. I will just go with the current best deal. These companies don't have unique products and don't have unique service. Their market share won't easily be affected by change of name. So, I don't see their brand value being so high. In comparison, I would pick a Toyota over a GM, even if GM has a better deal. That's brand value.

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- Highdesertcat on Jun 08, 2016
  
  "That’s brand value." Yup, I agree. I drove domestic brands, mostly Oldsmobile, for more than four decades before switching to Toyota in 2008. Haven't had a bad Toyota product yet. Had a lot of bad GM products over 40 years preceding 2008. Both Toyota and GM have hard-won reputations in the industry. GM even died. I'd rather go with the reputation that Toyota has built. Toyota products aren't for everybody. But they sure are a great match for what I look for in vehicles.
  
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- Thattruthguy on Jun 09, 2016
  
  Brand reputation matters for parity products like soap, phone service, etc. I may be wrong, but I bet that you didn't shop every possible carrier last time you considered changing. Instead, you compared a short list of carriers you were comfortable with. Brand reputation gets sellers on that list and breaks ties at the end of the shopping process.
  
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- Budda-Boom on Jun 09, 2016
  
  @highdesertcat GM had a hard-won reputation in the industry 50 years ago, then they spent the next 40 or so years coasting on its laurels. Which is why there were "a lot of bad GM products over 40 years preceding 2008." Today they're arguably building the best vehicles they've ever built but it will take a long, long time before their brand will have any of the luster it had from WWII - 1965.
  
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- Highdesertcat on Jun 09, 2016
  
  Budda-Boom, the entire industry today is building the best vehicles they've ever built. And that is great for the buyers of new vehicles today. It's truly amazing what a good shake-out and shake-up of the industry, driven by the 2009 bankruptcies and financial demise of GM and Chrysler, has done for the entire industry. Ford really is the only viable American automaker left standing, and anyone who wants to "Buy American" would be well-advised to buy a Ford product.
  
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