Over five years, AUL Corp. has contributed $173,619.00 to 80 different non-profit organizations, according to the warranty and vehicle service contract administrator. AUL announced that it publicly disclosed its recent charitable contributions on Thursday. "At AUL, we believe that getting involved in charity programs contributes to strengthened professional skills, team building, thinking creatively, and contributes […] [Read More]

Primeritus Financial Services said Wednesday afternoon it has purchased Global Investigative Services, a Rockwell, Texas-based provider of vehicle skip-tracing services, equipment recovery and investigative services for the finance industry.  It was founded by Greg Hill and Danny Tolbert. “When we look at potential acquisition targets, companies must meet a high standard of managerial, financial and […] [Read More]

“The used market as a whole is definitely in the midst of a significant transition that’s only just starting to accelerate.” That above quote from Edmunds senior analyst Ivan Drury is one of the last sentences in a news release accompanying the company’s latest Used Vehicle Market Report. But it might be the most apt […] [Read More]

With debt collection continuing to be one of the primary triggers, the Consumer Financial Protection Bureau’s latest update about its complaint database indicated the bureau has handled approximately 1,080,700 consumer complaints across all products as of Jan. 1. For December, the CFPB reported that debt collection again was the most-complained-about financial product or service. Of […] [Read More]

George W. Bush was not even two full years into his first term as president the last time off-lease volume hit a true peak. That was 15 years ago and the auto industry has gone through, shall we say, a bit of change since then. Off-lease volumes that year were just under 3.5 million units, […] [Read More]

When it comes to lease search activity in the fourth quarter, Hyundai and Subaru showed the most growth, according to Swapalease.com, with GMC highlighting activity for the domestics. Searches for Hyundai on the car lease marketplace website were up 25 percent from the third quarter, while Subaru’s traffic was up 15 percent. GMC, with a […] [Read More]

LeasePlan USA announced a new president and chief executive office on Monday, appointing former GE Fleet Services executive Jeffrey Schlesinger to the position. Schlesinger has 30 years of experience in the financial services sector, including the past eight in fleet leadership. His most recent post was senior vice president and managing director of GE Fleet […] [Read More]

There were a record 4.3 million vehicles leased last year, according to an Edmunds report, which said 31 percent of new-vehicle sales in 2016 were leases. Lease volume has climbed 91 percent over the past five years, and lease penetration — like lease volume — has been on the rise since 2009, but look for […] [Read More]

In its "Hagerty Hot List" released on Thursday, Hagerty shared which new 2017 vehicles might one day join the ranks of fully drivable classic collectibles. The list names 10 vehicles in the 2017 production run by major worldwide automakers that valuation experts at  the insurance provider for classic vehicles say are likely to grow in value […] [Read More]

Even with about two weeks to consider it, Swapalease.com executive vice president Scot Hall still couldn’t remember when an automaker and its captive finance company decided to cut back on new-model leasing activity without dramatic conditions being in place. “I’m not saying it’s never happened, but I don’t recall this ever being announced by a […] [Read More]