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Monday, March 27, 2017

Did You Know Facts: Kia Edition


Since I’ll be posting a few articles this week that are Kia themed, I figured this would be a good time to kick off a NEW SEGMENT on Adam’s Autos! From time to time now, I’ll be posting interesting facts about various cars, brands, etc. that you may have not known. It’s another way for me to bring you relevant and interesting content, while staying true to the theme of this site. So without further ado, let’s get rollin’!

1. Did you know that Kia was initially
a bicycle company?

Yes indeed! First founded in 1944, Kia was a steel tubing and a bicycle parts manufacturer. The company’s first bike rolled out in 1950, and the brand’s first car, the Brisa, was introduced in 1974.

2. Did you know that Kia launched in the United States with just four dealerships?

Shocking, but true. Kia’s launch into the American marketplace in the 90's was turbulent, as their cars were only available in limited places and also sold primarily on price only. Now, the brand is well established and sells cars for many good reasons. Which leads me to my third fact…

3. Kia was recently ranked the highest brand in initial quality in 2016.

This may come as a surprise to some, but with only 83 problems per 100 vehicles last year, Kia beat out brands such as Porsche, Toyota, BMW, and even sister-brand Hyundai in initial quality ratings! The industry average was 105 in 2016. It was the only non-luxury brand to clinch the honor in the past 27 years.

Research, Research
The advertisement I made to pitch the 2017 Forte S to
millennial buyers. Its very well equipped for $25,000,
but many were still weary...
The final fact I listed was actually part of some research I performed for a project a few months ago in college. I analyzed what millennials’ perceptions of the Kia brand are and if they felt their models were affordable for our age group. I also surveyed other ages of individuals, and my findings were interesting. After showing a video about the 2017 Forte to my focus group, I discovered that nearly all individuals except a couple felt that a $25,000 car was too expensive for a young professional. Part of their reasoning behind this is that there would be other bills besides the car note to pay, such as student loans. I created my own advertisement for the 2017 Kia Forte S, which can be equipped with features such as a 10-way power memory driver’s seat, heated seats, a sunroof, HD Radio, autonomous braking, blind-spot monitoring, and much more for just over $25,000. I hoped this would give more of a visual representation to my target audience.

Online Data Shows...
Even more interesting, however, were my online survey findings. Based on the results I pulled, 67% of online participants felt as though $25,000 WAS reasonable for a young professional to afford, totally opposite of my focus group. This online survey was taken by mainly millennials as well. Among other important factors cited by survey participants, many said that performance was a key attribute they look for in their new car purchases. As many of you may know, Kia will be coming out with the 2018 Stinger, a dedicated sports car, this coming fall 2017. If you want more info on that, look back to one of my prior posts on the 2017 NAIAS. (Link: http://www.adamsautos.org/2017/01/my-fave-5-coolest-rides-from-naias-2017.html) This model may possibly satisfy some of those potential buyers. Additionally, most individuals in both the focus group and from the online survey felt as though features such as Bluetooth, Android Auto/Apple CarPlay, and various safety technologies were necessary.

Regardless of the survey, online or in person, many individuals were surprised that Kia had won high quality awards recently. Does that change your perception of the brand in some way? Did you already know about these awards? There’s always options outside of “the usual bunch”, and Kia definitely intends to continue moving upmarket from the looks of it.

I intend to make one final Kia week post soon, so stay tuned!
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