Hyundai Misses Full-Year Sales Target After Rise of Just 1.4%
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Hyundai Motor Co. sold 3.94 million vehicles last year, short of its 4.01 million target as the pandemic, supply disruptions, inflation and concerns of recession continued to strain the industry.
Hyundai, which already cut its 2022 forecast from 4.32 million vehicles in October, expects global sales to reach 4.32 million units in 2023 — 3.54 million overseas and 781,000 in Korea, it said in a statement Tuesday. Overall, its sales rose 1.4% last year.