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Hyundai Motor, Kia Motor see 2025 sales inch up after missing 2024 targets

Published by Global Banking & Finance Review

Posted on January 3, 2025

1 min read

· Last updated: January 27, 2026

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Hyundai Motor and Kia Motor logos representing their sales growth plans for 2025 - Global Banking & Finance Review
This image features the logos of Hyundai Motor and Kia Motor, symbolizing their projected sales growth of 2% in 2025 following missed targets in 2024. It highlights the automakers' efforts in the competitive global market.
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Hyundai and Kia Project Sales Growth in 2025

SEOUL (Reuters) - South Korea's Hyundai Motor Co and affiliate Kia Corp aim to grow their combined global sales by 2% in 2025, after reporting falls in 2024 sales and missing their targets.

The automakers, which together rank third in global vehicle sales, sold 7.23 million vehicles in 2024, slipping from 2023 and falling short of their targets, as solid U.S. sales were offset by sluggish demand in Europe and its home market.

(Reporting by Hyunjoo Jin; Editing by Himani Sarkar)

Key Takeaways

  • Hyundai and Kia aim for 2% sales growth in 2025.
  • 2024 sales fell short of targets due to weak demand.
  • Solid U.S. sales were offset by sluggish European market.
  • Hyundai and Kia rank third in global vehicle sales.
  • 2024 sales totaled 7.23 million vehicles.

Frequently Asked Questions

What is the main topic?
The article discusses Hyundai and Kia's sales targets, focusing on their aim for a 2% growth in 2025 after missing 2024 targets.
Why did Hyundai and Kia miss their 2024 sales targets?
They missed their 2024 targets due to weak demand in Europe and South Korea, despite strong sales in the U.S.
What are Hyundai and Kia's sales rankings globally?
Hyundai and Kia together rank third in global vehicle sales.

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