NIADA names GWC a National Corporate Partner

AuSM Staff

GWC Warranty, a provider of used-vehicle service contracts and related finance and insurance products sold through dealers, has once again been named a Bronze Level National Corporate Partner of the National Independent Automobile Dealers Association. NIADA’s National Corporate Partner program is designed to... Read More

AUL releases 5-year charitable contribution total

AuSM Staff

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... Read More

Primeritus buys Global Investigative Services

AuSM Staff

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... Read More

CFPB adds 23K complaints to database in December

AuSM Staff

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... Read More

Consignors take savvier approach to off-lease volume

Joe Overby, Senior Editor

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, according to data in... Read More

Hyundai, Subaru lead lease search gains in Q4

Joe Overby, Senior Editor

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... Read More

LeasePlan names new CEO

AuSM Staff

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... Read More

Joe Overby, Senior Editor

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

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