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.

Given each brand saw sales grow under such conditions, the Hyundai Group is targeting an overall increase of 9.8%

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