Currently reading: Hyundai Motor Group targets 7.5 million sales in 2023
Genesis, Hyundai and Kia eye 10% combined growth, with supply chain problems set to ease

The Hyundai Motor Group forecasts a near-10% increase in its sales for 2023 as it approaches “the end of this long tunnel of Covid-19”.

The firm today announced its brands’ global sales performances for 2022: Hyundai (and fledgling offshoot Genesis) delivered 3,944,579 cars, while Kia managed 2,903,619.

These figures represent a year-on-year growth of 1.4% and 4.6% respectively, despite challenges such as the semiconductor chip shortage and the looming threat of recession affecting both supply and demand for cars.

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