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Press Release

U.S. Motor Ranking 2023

The new Motor industry rating for 2023 has just been released by RealRate.

These are the top three Motor companies in the U.S., measured by Economic Capital Ratio:

1. LEATT CORP – 458.94%
2. GENTEX CORP – 458.82%
3. FOX FACTORY HOLDING CORP – 341.07%

The complete rating of 57 companies is published in https://realrate.ai/rankings/

14 companies achieved the ‘Top Rated’ award.

Leatt Corp was founded in 2001 and is headquartered in Durbanville, South Africa. It designs, develops, markets, and distributes innovative personal protective and performance equipment for participants in all forms of motorsports and leisure activities. Its current assets are $51 million.

Founded in 1974, Gentex Corp is an American electronics and technology company that develops, designs, and manufactures equipment for the global automotive industry. Its total current assets are $2.3 billion, and it is based in Zeeland, Michigan.

Fox Factory Holding Corp was founded in 1974 and is headquartered in Duluth, Georgia. It designs, manufactures, and markets high-performance suspension products used in a variety of vehicle types. It has current assets of $1.6 billion.

CEO Dr. Holger Bartel: “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.
Superior financial strength is extremely important in the motor industry, ensuring the smooth production and high quality it takes for the complex supply chain involved in the making of a motor car to run smoothly.”

About RealRate:

RealRate is an international rating agency based in Santa Clara and Berlin, founded in 2021. Using cutting-edge explainable Artificial Intelligence, we provide fair company ratings, avoiding any conflicts of interest. Combining AI and expert knowledge, financial strength is evaluated based on published annual reports. RealRate provides rankings for dozens of industries, like insurance, IT, real estate, food, and pharma. Only the best-rated companies are awarded the RealRate TOP Rated seal.