net_left adver left

Hyundai Motor, Kia expect auto sales to jump nearly 10% in 2023

Tuesday, January 3, 2023

By Heekyong Yang and Hyunsu Yim

SEOUL (Reuters) -South Korea's Hyundai Motor Co and affiliate Kia Corp forecast on Tuesday that their combined global sales will jump nearly 10% in 2023, even as last year's sales fell short of target due to supply chain disruptions.

The companies sold 6.85 million vehicles in 2022, about 4% less than their combined target of 7.16 million vehicles, largely due to problems including chip and component shortages.

They said they would target global sales of 7.52 million vehicles this year.

"Hyundai plans to expand market share and operate profitability-oriented businesses by flexibly responding to market changes, accelerating its transition to electrification, responding to global environmental regulations, and optimising production, logistics and sales by region," Hyundai Motor said in a statement.

Analysts said the sales targets of the two companies for this year appear to be aggressive but achievable, considering pent-up demand for vehicles.

"Hyundai Motor and Kia are still seeing relatively higher back orders of vehicles and car buyers are still waiting in line to buy cars despite the recent economic environment...with that demand in the picture, the companies appear to be confident," said Kim Gwi-yeon, an analyst at Daishin Securities.

Kim, however, added that economic obstacles such as high interest rates could dampen car sales, especially in the second half of the year after pent-up demand softens.

Shares of Hyundai Motor and Kia closed up 1.3% and 1.5% respectively, versus a 0.3% fall in the benchmark market KOSPI.

In October, Hyundai Motor cut its 2022 global sales target by about 7% to 4.01 million vehicles from 4.32 million vehicles.

Leave your comment
HOT AUTO TRADE BOT SOFTWARE adver right
APPROVED BROKERS
net_home_top HOT AUTO TRADE BOT SOFTWARE
24-03-2023 22:59:57 (UTC+7)

EUR/USD

1.0761

-0.0069 (-0.64%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

EUR/USD

1.0761

-0.0069 (-0.64%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

GBP/USD

1.2224

-0.0062 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

USD/JPY

130.63

-0.17 (-0.13%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

AUD/USD

0.6642

-0.0041 (-0.61%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (1)

USD/CAD

1.3762

+0.0049 (+0.36%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (7)

EUR/JPY

140.56

-1.11 (-0.78%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

EUR/CHF

0.9880

-0.0045 (-0.45%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Gold Futures

1,990.40

-5.50 (-0.28%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (9)

Silver Futures

23.343

+0.087 (+0.37%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (7)

Copper Futures

4.0755

-0.0480 (-1.16%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (2)

Crude Oil WTI Futures

69.41

-0.55 (-0.79%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Brent Oil Futures

75.16

-0.75 (-0.99%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Natural Gas Futures

2.213

+0.059 (+2.74%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (5)

Sell (3)

US Coffee C Futures

179.05

+4.75 (+2.73%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (11)

Sell (0)

Euro Stoxx 50

4,136.45

-70.69 (-1.68%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

S&P 500

3,944.99

-3.73 (-0.09%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

DAX

14,966.35

-244.04 (-1.60%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

FTSE 100

7,412.25

-87.35 (-1.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (1)

Hang Seng

19,915.68

-133.96 (-0.67%)

Summary

Sell

Moving Avg:

Buy (4)

Sell (8)

Indicators:

Buy (2)

Sell (5)

US Small Cap 2000

1,731.70

+8.50 (+0.49%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

IBEX 35

8,805.58

-164.42 (-1.83%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (0)

BASF SE NA O.N.

45.935

-0.440 (-0.95%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

55.58

-0.36 (-0.64%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (8)

Sell (2)

Allianz SE VNA O.N.

204.83

-1.97 (-0.95%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Adidas AG

141.35

-0.95 (-0.67%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (7)

Sell (0)

Deutsche Lufthansa AG

9.383

-0.460 (-4.67%)

Summary

Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (4)

Sell (3)

Siemens AG Class N

140.53

-4.65 (-3.20%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (9)

Sell (1)

Deutsche Bank AG

8.720

-0.616 (-6.60%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (9)

Sell (0)

 EUR/USD1.0761↑ Buy
 GBP/USD1.2224↑ Buy
 USD/JPY130.63↑ Buy
 AUD/USD0.6642↑ Buy
 USD/CAD1.3762↑ Sell
 EUR/JPY140.56↑ Buy
 EUR/CHF0.9880↑ Buy
 Gold1,990.40↑ Sell
 Silver23.343↑ Sell
 Copper4.0755↑ Buy
 Crude Oil WTI69.41↑ Buy
 Brent Oil75.16↑ Buy
 Natural Gas2.213Buy
 US Coffee C179.05↑ Buy
 Euro Stoxx 504,136.45↑ Buy
 S&P 5003,944.99↑ Buy
 DAX14,966.35↑ Buy
 FTSE 1007,412.25↑ Buy
 Hang Seng19,915.68Sell
 Small Cap 20001,731.70↑ Buy
 IBEX 358,805.58↑ Buy
 BASF45.935↑ Buy
 Bayer55.58↑ Buy
 Allianz204.83↑ Buy
 Adidas141.35↑ Buy
 Lufthansa9.383Buy
 Siemens AG140.53↑ Buy
 Deutsche Bank AG8.720↑ Buy
Mua/Bán 1 chỉ SJC
# So hôm qua # Chênh TG
SJC Eximbank6,670/ 6,720
(10/ 10) # 1,031
SJC HCM6,665/ 6,735
(10/ 10) # 1,047
SJC Hanoi6,665/ 6,737
(10/ 10) # 1,049
SJC Danang6,665/ 6,737
(10/ 10) # 1,049
SJC Nhatrang6,665/ 6,737
(10/ 10) # 1,049
SJC Cantho6,665/ 6,737
(10/ 10) # 1,049
Cập nhật 24-03-2023 22:59:59
Xem lịch sử giá vàng SJC: nhấn đây!
ↀ Giá vàng thế giới
$1,991.01-0.84-0.04%
Live 24 hour Gold Chart
ʘ Giá bán lẻ xăng dầu
Sản phẩmVùng 1Vùng 2
RON 95-V23.96024.430
RON 95-III23.03023.490
E5 RON 92-II22.02022.460
DO 0.05S19.30019.680
DO 0,001S-V20.56020.970
Dầu hỏa 2-K19.46019.840
ↂ Giá dầu thô thế giới
WTI$69.24+0.350.50%
Brent$74.56+0.530.71%
$ Tỷ giá Vietcombank
Ngoại tệMua vàoBán ra
USD23.310,0023.680,00
EUR24.686,0926.068,31
GBP28.041,8629.237,51
JPY175,83186,14
KRW15,7019,13
Cập nhật lúc 18:55:01 24/03/2023
Xem bảng tỷ giá hối đoái
adver main right