BMW Named World’s Most Valuable Auto Brand
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According to a new survey by Interbrand, which annually tracks the value of major corporate brands, a number of major automakers have landed on their list, starting with BMW with an estimated brand value of $24.6 billion. BMW was twenty-third overall on their "BrandZ" list.
"Brands are an insurance policy for businesses," said Eileen Campbell, Global CEO of brand research company Millward Brown. "Despite a prolonged period of economic stress, political uncertainty, and natural disasters that buffeted brands across many categories, the value of the world’s leading brands keeps rising across many categories, sustaining and nurturing businesses."
The Bavarian maker toppled last year’s automotive leader Toyota, which slipped to second with a value of $21.8 billion. Another German maker, Mercedes-Benz, was third in the auto column, at $16.1 billion, followed by Honda at $12.7 billion. Nissan slipped into fifth, at $9.9 billion, followed by Volkswagen AG, at $8.5 billion.
Ford was, notably, the only Detroit maker to land on the Top 100 list, seventh among automakers with a brand value of $7.5 billion. It’s unclear if the maker’s latest bit of good news would have helped propel it higher up the list. Ford received a credit upgrade from Moody’s Ratings service in May. That means it was able to fully regain control over its Blue Oval logo, which it mortgaged – along with other trademarks, brand names, and factories – in 2006 to secure the $23.5 billion loan that helped it weather the recent recession without a bailout.
The other three makers on the list were Audi, at $4.7 billion; Hyundai, at $3.6 billion; and Lexus, at $3.4 billion.
Significantly, Interbrand reported that almost half of the brands it studied lost value in the 2012 survey, the broadest decline since the depths of the recession. But financial problems, rather than the brands themselves, were behind most of those slides.
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