AUL Corp Sets Sales Records

AUL Corp Sets Sales Records as Firm Celebrates 31st Anniversary

At AUL’s current rate of growth, the firm is forecast to sell its 3-millionth policy and process in excess of $1 billion in claims by the end of 2021.

While the novel coronavirus pandemic reduced AUL Corp’s 30th Anniversary last April to a point on the calendar, 2020 turned out to be a record setting year for the F&I leader, announced Jimmy Atkinson, AUL’s president and CEO. “This sales momentum has continued into 2021, as we just concluded our best March on record. Notably, all of this was achieved with more than 90% of our workforce operating remotely, a testament to tightly orchestrated technology systems and excellent teamwork, or what we call modeling the ‘AUL Way,’” noted Atkinson.

Since its founding in 1990, AUL has grown from a single-product, Vehicle Service Contract (VSC) provider to a full-service Finance and Insurance (F&I) leader that now has administered more than 2.5 million contracts and processed an excess of $900 million in claims. AUL’s product lineup now includes limited warranties, VSC’s, Guaranteed Asset Protection (GAP), and a full suite of Ancillary Solutions. Responding to the rapid rise in automotive technologies and the growth in hybrid/EV vehicles, AUL introduced last year the industry’s best standalone Technology VSC, called AUL-TECH, with options for unlimited mileage. Together, these new products have helped the firm accelerate its growth trajectory.

At AUL’s current rate of growth, the firm is forecast to sell its 3-millionth policy and process in excess of $1 billion in claims by the end of 2021. “When the pandemic first hit, there were no indications of what was to come. And like most in the industry, we focused on transitioning to a remote workforce as quickly and safely as possible and put our collective heads down and went to work. Yet today we are grateful to be able to celebrate our 31st year in business with record sales in a year in which all we could do was to be prepared for the unknown,” stated Atkinson.

“And we would be remiss if we didn’t acknowledge the cooperation, dedication and hard work of our growing network of agents, dealers and lenders, without whom these results would not have been possible,” added Paul McCarthy, AUL’s senior vice president, Agency and Dealer Sales. “In anticipation of increased vaccinations and waning restrictions, we will once again be honoring our leading producers at our annual Presidents Club retreat, to be held this September at the Four Seasons in Los Cabos,” McCarthy added.

To be sure, no one could have imagined the year just passed, or the record sales it would bring, yet for good or bad, everyone will remember AUL’s 31st year in business. 

Other Key Milestones

First Day of Business……………………………………… April 1, 1990

First Agent Signed………………………………………….. Gary Eggleson (still active)

First Dealer Signed…………………………………………. Guy Strohmeier’s Auto Center (active)

1 Million Contracts Sold………………………………….. 2011

Hired 100th Employee…………………………………….. 2013

Earthquake…………………………………………………….. 2014

Wildfires…………………………………………………………. 2017

2 Million Contracts Sold………………………………….. 2018

Introduce Gap & Ancillary Products………………… 2019

Introduce AUL Tech & EV Products…………………. 2020

2.5 Million Contracts Sold…………………..……… 2020

Link: AUL

You May Also Like

Call for 2024 Women at the Wheel Nominations

The fourth-annual AutoSuccess Women at the Wheel program highlights today’s top female automotive professionals.

AutoSuccess and Babcox Media are looking for female trailblazers in the automotive industry for our fourth-annual Women at the Wheel program.

We're seeking individuals ranging from executive roles to service department managers and dealership owners who stand out in the automotive industry through their innovative approaches, business savvy or exemplary leadership — women who ignite change and inspiration.

DAS Technology Unveils New SaaS CDXP Innovations

The new capabilities improve the conversion rate of sales performance through AI-enabled lead response and prospect nurturing communications with a multi-communication channel offering, including SMS-enhanced capabilities.

Dealer World, Dealer Funnel Tap Urban Science’s Industry Sales Data

Dealer World and Dealer Funnel will integrate this data into their platforms, enabling dealerships to make more efficient and precise marketing decisions.

Jennifer Somers Joins Dealer Services Network

DSN welcomes a new director of technology with over two decades of automotive software expertise.

Dealerware, Axle Collaborate on Integrated Insurance Verification

The integration not only simplifies insurance verification but also contributes to operational efficiency and risk reduction.

Other Posts

Credit Unions Show Optimism for 2024 Auto Finance Market

The “Future of Auto Finance” snapshot survey of credit union professionals, reports that credit union worries about liquidity, however, will continue into 2024.

Krause Auto Group Acquires 3 Florida Dealerships

The dealerships have been renamed and bring the total number of dealerships under Krause Auto Group to 23.

FrogData Unveils AI-Connected Dealership Platform

The core of this innovation lies in FrogData’s unique data repository and the deployment of FrogAI, a series of AI models dedicated to solving distinct business problems within the automotive retail sector.

Solera, Covideo Join to Enhance Technology Integration for DealerSocket CRM

This improved integration provides mutual customers full access to Covideo’s suite of solutions from within the DealerSocket CRM without manually switching between applications.