Aloha Kia Pre Owned (2024)

FAQs

Why is Kia markup so high? ›

This is thanks to high demand paired with hobbled production due to global parts supply problems. But the brand with the highest average percentage markups might be the biggest surprise. It isn't some luxury or performance brand; it's Kia, the South Korean car brand usually thought of as a value purchase.

Salt Lake City's Ken Garff Automotive Group has purchased the seven Aloha Kia dealerships in Hawaii from Bill van den Hurk, who has retired from the automotive business.

The purchaser may exchange an eligible, pre-owned vehicle within 7 calendar days (day 1 is the day of purchase) or 500 miles, whichever comes first, if not completely satisfied with the purchase.

Long-term Performance and Maintenance Costs

Kia vehicles depreciate at a slower rate than many of their competitors, which is good news for resale value. In terms of maintenance, Kia's newer models come with the back-up of affordable maintenance plans and trusted brand parts.

The model and trim level of a Kia car can have a substantial impact on its resale value. Some Kia models, like the Kia Forte, Kia Soul, Kia Sorento, and Kia Sportage, are known for their popularity and high demand. These models tend to hold their value better compared to others.

The loss of the federal tax incentive for Hyundai and Kia EVs over the past year is undoubtedly forcing dealers to price these models more competitively. Large trucks and SUVs due for a redesign are also not seeing the demand they enjoyed during COVID.

According to kia.com, Kia comes from South Korea. They are Korea's oldest manufacturer of automobiles, starting as a bicycle company and moving to the car powerhouse they are today. They are not a Chinese or Japanese brand. There are many similarities between cars from South Korea and vehicles from China and Japan.

Hyundai Motor Group decided to purchase the auto company in 1998 to keep it afloat. Kia and Hyundai Motor Group operate independently, but Hyundai is the parent company of Kia Motors. The difference between Kia and Hyundai is that both companies have their own brand philosophies to uniquely produce their vehicles.

History. The group was formed through the purchase of 51% of Kia by Hyundai Motor Company in 1998. As of 2011, Hyundai owns 33.7% of Kia Motors.

Damage due to factors beyond the manufacturer's control, including but not limited to - • Misuse of the KIA Vehicle, such as driving over curbs, overloading, racing etc. (proper usage is described in your Owner's Manual). Accidents, such as collision, fire, theft, riot, etc. Alteration, modifications, tampering, etc.

What voids a Kia 7 year warranty? ›

Any damage caused to your Kia car that is beyond the manufacturer's control will be exempt from the 7-year warranty. These could include: Misuse of the car, such as driving over kerbs, overloading the car's capacity and using the car for competitive driving. Events such as theft, collision, or fire damage.

Why do Kias have a bad reputation? The Kia brand used to be known for cheap, low-quality automobiles. This is largely because when the brand first launched in the U.S., its vehicles experienced a high number of problems. Since then, Kia has improved its fleet, and the brand is now known for its exceptional reliability.

The cons of Kia vehicles are marked by limited rear visibility and transmission performance issues that can affect driving experience.

All the other car companies have to buy their metals from metal manufacturers, which drives up the price. This, of course, gives Kia and Hyundai the ability to manufacture metals to be used for their vehicles. As a result, Kia can manufacture cars at lower costs and lower prices than the competition.

Well kia vehicles are pretty much built to last until the warranty expires. So after 100k miles they are going to need work regularly. Thus new parts are in high demand. That makes them a little more pricey than others.

For our purposes here, we define dealer markup as profit and a selling price the dealership assigns above and beyond the carmaker's MSRP. A dealer tacks these arbitrary amounts onto the MSRP to increase profit on high-demand models. Sometimes, such markups appear as a second window sticker separate from the MSRP.

Of major carmakers to have reported second-quarter results, Kia's profit margin is the industry's highest. It also marked the seventh straight quarter of double-digit profit margins for Kia since the fourth quarter of 2022. In the first quarter of this year, its operating profit margin came in at 13.1%.

Penetration Pricing for New Markets and Models: Kia often adopts a penetration pricing strategy when entering new markets or launching new models, especially in the electric and hybrid vehicle segments.