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Eye of Riyadh
Eye of Riyadh
Cars & Autos | Wednesday 20 November, 2019 12:13 am |
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Toyota ranked most valuable automotive brand in the world in 2019 Interbrand study for 3rd year in a row

 

Japanese automotive giant Toyota has continued to top Interbrand’s list of the most valuable automotive brands in 2019 for the third year in a row, with a total value exceeding SR210 billion. Toyota has retained its seventh place in global automotive brand rankings in accordance with the latest criteria following the company’s rapid growth, which increased the value of its brand by five percent compared to last year.

Interbrand follows a specific and precise method in ranking automotive brands in terms of global value, as candidates must meet a list of basic criteria, most importantly: brand revenues outside of the main market must not be less than 30%, and the brand must have a significant presence in Asia, Europe and North America. It must also have wide geographical presence in emerging markets.

Eng. Munir Khoja, Executive Director of Marketing Communications at Abdul Latif Jameel Motors, the authorized distributor of Toyota vehicles in Saudi Arabia, stated: “The steady rise every year confirms that Toyota is a creative and innovative brand that continually keeps up with the rapidly growing digital world. These achievements have placed Toyota in a leading position; transforming it from a car manufacturer to a developer of mobility solutions that meet the different needs of individuals, companies and the community. Toyota has moved beyond the concept of driving towards more comprehensive and advanced solutions by focusing on developing innovative technologies within its strategic investment plans to enhance integrated digital capabilities.”

The renowned relationship between Toyota and Abdul Latif Jameel Motors was established more than half a century ago and has grown to become one of the most remarkable automotive forces in the Kingdom. Abdul Latif Jameel Motors is also one of the largest independent certified Toyota distributors in the world.

Under its principle of putting the guest first and its commitment to achieving excellence in all it has to offer, Abdul Latif Jameel Motors supports the widespread use of Toyota vehicles in the Saudi market through an extensive network of sales and maintenance centers strategically located around the Kingdom, providing peace of mind for the company’s guests wherever they may be.

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