Kia Conquers Global Markets: Sales Break Record at 3.08 Million in 2023

Published On: 5 January 2024
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In 2023, Kia recorded record-breaking global sales of over 3.08 million cars, up 6.3% from the previous year. By 2024, the company wants to sell more than 3.2 million units worldwide.

With the release of its 2023 global auto sales figures, Kia Corporation established a new record for annual sales of over 3.08 million units. With respect to 2022 sales, this indicates a 6.3% increase.

Kia distributed 2.52 million cars outside of South Korea in 2023, a 6.7% increase over the previous year. Sales of Korean goods domestically increased by 4.6% to 563,660 units. In 2014, the company achieved a record-breaking 3.04 million global sales in one year.

Kia's sales for the year were led by the Sportage SUV, which was followed by the SUVs Seltos and Sorento. Recovering semiconductor supplies contributed to the record performance by enabling higher car production. The release of new models such as the EV9, Sorento, K5, and Carnival helped spur growth as well.

Kia wants global sales to surpass 3.2 million units by 2024. This would be an additional rise over the record-breaking outcomes from 2023. This year, Kia plans to sell 2.66 million cars outside of Korea and 530,000 cars in Korea.

In 2024, Kia wants to extend its lead in the global EV market while increasing profitability and customer value. Growth will be fueled by new EV models, enhanced connectivity technologies, and increased sales of commercial vehicles. In addition, the business will finish building its EV plant in Korea, where the EV3 model is made.

Kia achieved its highest annual sales in 2023 in a number of important markets, including the US, Europe, and India. As new cars are introduced and supply restrictions loosen, Kia is increasing its market share worldwide. The company wants to make sure that it is a major player in the global automotive industry.