TERRAMAR, Spain -- Volkswagen Group's Cupra brand has set a target of 500,000 sales a year by 2025 -- more than the combined 2021 sales of Cupra and Seat, VW's other Spanish brand.
Cupra sold 79,327 cars in 2021, with the Formentor compact crossover the most popular model with 54,595 units sold.
Cupra had said earlier that it plans to double sales in 2022 to 160,000 units, and for revenue to more than double to 5 billion euros ($5.3 billion) from 2.2 billion in 2021.
"By 2025, Cupra's aim is to deliver 500,000 cars per year and push forward with its international expansion into new markets as well as entering new segments," Cupra/Seat CEO Wayne Griffiths said at a strategy event at the Terramar racetrack in Spain.