Automotive. Kia Motors America
Kia Motors America Deploys Successful 0% Interest Program Through Sunbit During CV19
During the toughest months of CV19, Kia Motors America provided access to a 0% interest for 3 months financing option for parts and service across more than 400 Kia dealers.
Success Metrics
100
More than 100 new dealers signed up with Sunbit during the program (April-June 2020). Now more than 50% of Kia dealers offer Sunbit technology.
32%
Every approved Kia customer in participating dealerships had the option to split their repair into 3 monthly payments with no interest. On average, more than 32% of Kia customers selected the interest-free option, keeping customers in the dealership.
1st
Through CV19, Kia experienced a minor decline in overall revenue with Sunbit and was the first OEM to bounce back to a normal level of performance with Sunbit.
“The team at Kia Motors recognized an opportunity with Sunbit to offer all of their customers access to financing during an unprecedented time. Not only were they successful in helping customers stay safe and get their cars fixed in a time of need, but they added more than 100 new dealers to the program and ultimately kept customers on Kia service drives with fewer declines on repair recommendations.”
-Chad Beasley, Head of OEM, Sunbit
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