No 10 Tesla (valuation: $4.4 billion)

A parking sign at a Tesla Supercharger station is shown in Cabazon, California, US, May 18, 2016.[Photo/Agencies]

Toyota retained its title as the world's most valuable car brand, followed by BMW and Mercedes-Benz, according to an annual report released by advertising research firms WPP and Millward Brown.

Toyota, whose brand value rose 2 percent to $29.5 billion, has been the number one for 11 consecutive years. Tesla, with a valuation of $4.4 billion, entered the top 10 for the first time. It overtook Lexus and was ranked the 10th most valuable global car brand.

Let's take a look at 10 most valuable car brands in the world: