Kia Motors America Renews Agreement with JM&A Group to Provide Extended Service Contracts

DEERFIELD BEACH, Fla. - Feb. 28, 2014 - PRLog -- Kia Motors America has renewed its contract with JM&A Group as the provider of branded finance and insurance (F&I) products for Kia dealers. Since the companies’ first agreement in 2007, Kia has grown its branded-product sales by offering JM&A’s industry-leading extended service contracts.

Known as Kia Distinction, the lineup of branded products provided by JM&A Group includes a vehicle protection plan, maintenance plan, road hazard tire coverage and Term Care Select. JM&A also administers Kia’s Certified Pre-Owned (CPO) program, which offers comprehensive coverage for eligible used units (vehicles up to five years old with less than 60,000 miles that pass a required inspection). The contracts are backed with JM&A’s top-rated customer support.

Kia, in partnership with its dealers and JM&A, increased Kia Distinction-branded F&I product sales in 2013 by 19 percent. The Kia CPO program set the industry standard last year with unsurpassed growth of 72 percent, one of the largest sales increases of any brand in this important part of the retail automotive business.

“We are excited to continue our relationship with Kia and serve as a strategic partner for the growth of their dealers’ F&I departments,” said Forrest Heathcott, President, JM&A Group. “For more than 35 years JM&A Group has helped automotive dealers achieve higher levels of performance, and we look forward to the opportunity to further enhance Kia’s impressive efforts in the future.”

About JM&A Group
JM&A Group (http://www.jmagroup.com) is one of the largest independent providers of finance and insurance (F&I) products in the automotive industry. The group of four companies provides more than 3,000 dealerships with a variety of products and services, such as new and used vehicle protection plans, used vehicle certification programs, pre-paid maintenance plans, GAP protection programs and F&I training for sales and service departments and consulting services. With more than 35 years of experience, JM&A Group’s inter-related companies assisted dealers in selling more than 3 million vehicle-related service and maintenance contracts in 2013. JM&A Group is a subsidiary of JM Family Enterprises, Inc. (http://www.jmfamily.com/), a diversified automotive corporation headquartered in Deerfield Beach, Fla. JM Family is ranked No. 27 on Forbes’ list of “America’s Largest Private Companies.” The company is also ranked No. 37 by FORTUNE® as one of the “100 Best Companies to Work For,” its 16^th consecutive year on the list.

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About Kia Motors America
Kia Motors America (KMA) is the marketing and distribution arm of Kia Motors Corporation based in Seoul, South Korea.  KMA proudly serves as the "Official Automotive Partner" of the NBA and LPGA and surpassed the 500,000 annual sales mark for the second consecutive year in 2013 following the launch of seven all-new or significantly redesigned vehicles.  KMA offers a complete line of vehicles, including the rear-drive K900 flagship sedan, Cadenza premium sedan, Sorento CUV, Soul urban passenger vehicle, Sportage compact CUV, Optima midsize sedan, Optima Hybrid, the Forte compact sedan, Forte5 and Forte Koup, Rio and Rio 5-door sub-compacts and the Sedona minivan, through a network of more than 765 dealers across the United States.  Kia’s U.S. manufacturing plant in West Point, Georgia, builds the Optima* and Sorento* and is responsible for the creation of more than 14,000 plant and supplier jobs.

Information about KMA and its full vehicle line-up is available at www.kia.com. For media information, including photography, visit www.kiamedia.com.  To receive custom email notifications for press releases the moment they are published, subscribe at www.kiamedia.com/us/en/newsalert.