Kia Statistics By Revenue, Sales and Facts
Updated · Mar 13, 2025
TABLE OF CONTENTS
- Introduction
- Editor’s Choice
- KIA Worldwide Revenue By Region
- Kia Motors Net Sales Statistics
- Kia Motors Revenue
- Profit Analysis
- Kia Standings In The USA Market
- Passenger Car Sales In The USA
- Passenger Car Sales In Asia
- KIA Passenger Sales- Europe
- CO2 Emission Statistics
- By Production Volume
- By Production by Plant
- Sales by Region (Retail Sales)
- Sales by Segment (Retail Sales)
- Sales By Month
- Kia Carnival Sales By Months
- Kia EV6 Sales By Months
- Conclusion
Introduction
Kia Statistics: Kia is a prominent South Korean multinational automobile manufacturer and the country’s second-largest car producer after Hyundai, ranking as the fifth-largest globally. Founded in 1944, Kia initially manufactured steel tubes and bicycle parts before transitioning to motorcycle production in 1952. By 1973, it opened its first automobile plant, the Sohari Plant, marking a significant milestone in its expansion into the automotive industry. Kia now produces over 1.4 million vehicles annually, with a distribution network that spans more than 300 distributors across 172 countries. The company’s philosophy emphasizes social responsibility, exploring new possibilities, and showing deep respect for humanity.
In response to the rapid advancements in technology, Kia invests approximately 6% of its annual budget in research centers located in the USA, Japan, and Germany, reflecting its commitment to innovation and sustainable mobility. In 2014, Kia launched the Kia Soul electric vehicle, aligning with global efforts to promote sustainable transportation. Following the Asian financial crisis, Kia faced financial struggles but was aided by Hyundai, which now owns about 33% of Kia. Together, the Hyundai-Kia alliance stands as one of the leading Asian car brands in the United States, achieving significant sales in the region.
In 2017, Kia sold around 2.7 million vehicles worldwide, generating revenue of approximately 53.5 trillion Korean won, equivalent to nearly 50 billion USD. The United States emerged as a crucial market, accounting for nearly 22% of Kia’s total sales. With total assets valued at approximately 52 trillion Korean won, Kia continues to strengthen its global position and commitment to innovation in the automotive sector.
Editor’s Choice
- Kia, founded in 1944, initially manufactured steel tubes and bicycle parts before evolving into a global automotive brand.
- Kia is South Korea’s second-largest car manufacturer after Hyundai and ranks fifth globally in the automotive industry.
- The Hyundai Motor Company owns around 33% of Kia, helping it recover from financial struggles during the Asian financial crisis.
- Kia operates in 172 countries, producing over 1.4 million vehicles annually with a distribution network of more than 300 distributors.
- The company’s philosophy centers around social responsibility, exploring possibilities, and respecting humanity.
- Kia has set a strategic target to expand its electric vehicle (EV) sales to represent 25% of its total sales by 2024.
- Kia’s research and development spending is approximately 6% of its annual revenue, focused in centers across the USA, Japan, and Germany.
- In 2014, Kia launched the Kia Soul electric vehicle, contributing to sustainable transportation.
- In 2017, Kia sold approximately 2.7 million vehicles worldwide, generating revenue of around 53.5 trillion Korean won (almost 50 billion USD), with the United States accounting for nearly 22% of sales.
- Kia’s total assets were valued at approximately 52 trillion Korean won in 2017.
- Revenue for Kia passenger cars is projected to reach USD 57 billion in 2024, with a compound annual growth rate (CAGR) of 10.74% from 2024 to 2029.
- Kia’s passenger car unit sales are expected to reach 3.5 million vehicles by 2029.
- By 2029, Kia’s passenger car revenue is expected to hit USD 94 billion.
- The volume-weighted average price for Kia passenger cars is anticipated to be around USD 27,000 in 2024.
- The United States is expected to generate the highest revenue for Kia, with projected sales reaching USD 21.68 billion in 2024.
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KIA Worldwide Revenue By Region
- Kia’s revenue is projected to reach USD 46 billion by 2024.
- The annual growth rate for Kia from 2024 to 2028 is expected to be 1.81%, with a projected market volume of USD 7 billion by 2028.
- The USA is anticipated to be Kia’s largest revenue-generating region, with a projected revenue of USD 15.96 billion in 2024.
(Reference: statista.com)
- Kia’s global sales are steadily increasing, expected to reach 1,734.2 million units by 2028.
- Mini cars have consistently held a significant share of Kia’s total car sales, a trend that is expected to continue through 2028.
Kia Motors Net Sales Statistics
(Reference: statista.com)
- North America is the largest revenue-generating region for Kia Motors, contributing 41.34 trillion Korean won.
- South Korea’s domestic market follows with revenue of 26.42 trillion Korean won.
- The rest of the world brings in 8.31 trillion Korean won in revenue for Kia.
- Kia is aiming for a global sales target of 3.2 million units.
- Within this target, Kia expects to sell 5,300,000 units in South Korea.
- Overseas sales are projected to reach 2,663,000 units.
- Kia also anticipates selling 7,000 special-purpose vehicles globally.
Kia Motors Revenue
(Reference: statista.com)
- In 2023, Kia Motors’ revenue reached 99.81 trillion Korean won, showing consistent growth.
- In 2022, Kia Motors reported a revenue of 86.56 trillion Korean won.
- In 2021, Kia Motors achieved a revenue of 69.86 trillion Korean won.
- In 2016, Kia Motors’ revenue was recorded at 52.71 trillion Korean won.
- In 2012, Kia Motors’ revenue reached 47.24 trillion Korean won.
- In 2009, Kia Motors’ revenue stood at 29.26 trillion Korean won.
Despite global challenges, including the 2020 lockdowns, Kia’s revenue remained consistent with 2019 levels, showcasing resilience in the automotive market.
(Source: Kia.com)
Profit Analysis
Operating Profit
- In 2023, Kia’s Operating Profit reached 11,607 billion KRW, making up 11.6% of the company’s revenue.
- In 2022, Kia’s Operating Profit was 7,233 billion KRW, which represented 8.4% of its revenue.
Net Profit
- Kia’s Net Profit in 2023 rose to 8,777 billion KRW, equivalent to 8.8% of the revenue.
- In 2022, Kia’s Net Profit amounted to 5,409 billion KRW, accounting for 6.2% of revenue.
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Kia Standings In The USA Market
(Reference: statista.com)
Based on the graph above, it can be inferred that Kia is emerging to become a dominant Asian car brand in the United States. In 2023, Kia managed vehicle sales of around 8 million units.
Passenger Car Sales In The USA
- Projected revenue for Kia in the USA is expected to reach USD 16 billion in 2024.
- The USA is Kia’s largest market, as noted by Statista.
- In 2022, Kia achieved record sales in the USA, reaching 709.4 thousand units.
- Sales in the USA have been declining since 2022 and are projected to decrease to 517.6 thousand units by 2028.
(Source: statista.com)
- Unit sales for Kia in the USA are expected to reach approximately 520 thousand by 2028.
- The weighted average price of Kia vehicles in the USA is projected to be around USD 30 thousand by 2024.
Passenger Car Sales In Asia
- Kia is expected to reach a revenue of USD 6 billion by 2024.
- The annual CAGR between 2024 and 2028 is anticipated to be 1.81%.
- Expected unit sales for Kia vehicles are forecasted to be around 270,000 by 2028.
- The volume-weighted average price for Kia vehicles in 2024 is projected to be USD 26,000.
(Source: statista.com)
- Kia’s vehicle sales have been declining, and by 2028, they are predicted to fall to approximately 269.6 million units.
(Source: statista.com)
- A significant reason for this downward trend could be the slower adoption of electric vehicles. Accordingly, consumer interest has been lower.
KIA Passenger Sales- Europe
- By the end of 2024, Kia’s passenger sales revenue in Europe is expected to reach USD 16 billion.
- Between 2024 and 2028, the annual compound annual growth rate (CAGR) for Kia’s sales in Europe is projected to decline by 0.99%.
- Annual unit sales are anticipated to reach approximately 613,000 by 2028.
(Source: statista.com)
- Kia Motors’ sales in Europe peaked at 766,600 vehicles in 2019, after which sales have gradually declined.
- By 2028, Kia’s annual vehicle sales are expected to fall to around 612,200 units.
- SUVs are Kia’s top-selling vehicle category in Europe, followed by medium-sized cars.
CO2 Emission Statistics 
(Reference: statista.com)
- Kia is committed to reducing CO2 emissions and has set ambitious targets to support this goal.
- By 2028, Kia aims to achieve an average CO2 emission of 41 grams per kilometer in Europe.
- The company’s focus on emission reduction aligns with global sustainability standards and regulatory requirements in the automotive industry.
- Significant investments have been made to develop eco-friendly technologies and improve fuel efficiency across its vehicle lineup.
- Kia is incorporating innovative technology and design to meet lower emission targets and promote sustainable transportation.
By Production Volume
- In 2023, Kia’s production volume in Korea reached 1,606 thousand units, while overseas production stood at 1,436 thousand units.
- In 2022, Kia produced 1,473 thousand units in Korea and 1,414 thousand units overseas.
- In 2021, Kia’s production volume in Korea was 1,399 thousand units, with overseas production at 1,158 thousand units.
By Production by Plant
- Korea contributes 52.8% to Kia’s production, with a total of 1,606 units.
- The United States accounts for 11.8% of Kia’s production, manufacturing 358 units.
- Slovakia produces 11.5% of Kia’s vehicles, totaling 350 units.
- India represents 10.5% of Kia’s production, with 320 units manufactured.
- Mexico contributes 8.4% to Kia’s production, with a total of 256 units.
- China accounts for 5.0% of Kia’s production, manufacturing 152 units.
Sales by Region (Retail Sales)
- The United States contributed 25.9% to Kia’s retail sales in FY 2023, with 782 thousand units sold.
- The Rest of the World accounted for 25.4% of Kia’s retail sales, totaling 767 thousand units.
- Europe represented 19.0% of sales, with 572 thousand units sold.
- Korea contributed 18.8% to sales, with 566 thousand units sold.
- India made up 8.1% of sales, with 244 thousand units sold.
- China accounted for 2.8% of Kia’s retail sales, with 84 thousand units sold.
Sales by Segment (Retail Sales)
- In FY 2023, Kia’s Retail Vehicle (RV) segment accounted for the majority of sales, representing 67.2% of total retail sales, equating to 2,025 thousand units.
- The Passenger segment made up 29.1% of sales, with 877 thousand units sold.
- The Commercial segment contributed 3.8% to Kia’s sales, totaling 114 thousand units.
- In October 2024, Kia’s Carnival model saw a sales increase to 4,909 units, up from 3,507 units in October 2023, marking a 29% improvement. Year-to-date, Carnival sales rose from 36,680 units in 2023 to 39,636 units in 2024, reflecting a 7% increase.
- The EV6 model recorded an 11% increase in October 2024, with sales rising to 1,732 units from 1,542 units in October 2023. Year-to-date sales climbed slightly, reaching 17,717 units in 2024, up from 16,340 units in 2023, reflecting an 8% growth.
- Kia’s EV9, a new model, achieved 1,941 unit sales in October 2024, with year-to-date sales totaling 17,911 units. No previous data for 2023 is available for this model.
- Forte sales declined significantly in October 2024, dropping to 4,957 units compared to 9,393 units in October 2023, an 89% decrease. Year-to-date, Forte sales showed a slight 1% decrease, with sales of 106,050 units in 2024 compared to 104,528 units in 2023.
Kia Carnival Sales By Months
- In October 2024, Kia Carnival sales reached 4,909 units, a 40% increase from 3,507 units in October 2023.
- In August 2024, Kia Carnival sales totaled 5,060 units, showing a 7% decline from the 5,428 units sold in August 2023.
- In September 2024, Kia Carnival sales were 4,027 units, a 13% decrease compared to 4,638 units in September 2023.
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Kia EV6 Sales By Months
- In August, Kia EV6 sold 1,885 units compared to 2,449 units the previous year, reflecting a decrease of 23%.
- In September, Kia EV6 sales reached 1,612 units, down from 2,084 units the previous year, marking a 23% decline.
- In October, Kia EV6 sales improved to 1,732 units, up from 1,542 units the previous year, showing a 12% increase.
Conclusion
In summary, Kia Motors is poised for significant growth in 2025. With a strong focus on EVs, sustainability, and expanding market share across key regions, Kia expects substantial sales and revenue increases. The company’s strategic initiatives and new product launches are set to drive its success in the global automotive market.
These comprehensive Kia statistics clearly show the company’s current position and prospects in the automotive industry.
Joseph D'Souza started Coolest Gadgets in 2005 to share his love for tech gadgets. It has since become a popular tech blog, famous for detailed gadget's reviews and companies statistics. Joseph is committed to providing clear, well-researched content, making tech easy to understand for everyone. Coolest Gadgets is a trusted source for tech news, loved by both tech fans and beginners.
