Hyundai Motor, Kia expect auto sales to rise 2pc

SEOUL, Jan 03 (Reuters): South Korea's Hyundai Motor Co and affiliate Kia Corp forecast on Wednesday that their combined global sales will rise about 2 per cent in 2024, even as last year's sales fell short of target.

The duo sold 7.3 million vehicles in 2023, about 3 per cent less than their combined target of 7.52 million, largely due to a difficult economic environment, including rising interest rates and inflation that pushed vehicles out of the reach of some buyers.