Pelican Auto Finance Partners with AUL Corp.

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Apr 01, 2015, 02:06 ET

NAPA, Calif., April 1, 2015 /PRNewswire/ -- Pelican Auto Finance, LLC ("Pelican"), a leader in deep sub-prime auto financing, has selected AUL a Napa, CA based company to be their national vehicle service contract provider. AUL an industry leader in the vehicle service contract business, has a strong national network of agents and dealers. The combined strength of the field representation and dealer base of the two companies creates a best-in-class solution for dealers in this market.

"Pelican is growing and making an impact nationwide, and AUL is a natural complement to our offering that we feel that customers and dealers will see as a value-add and just another reason to choose us," said Troy Cavallaro, CEO of Pelican Auto Finance.

Currently in the national roll-out phase, both AUL and Pelican believe that the vehicle service contract offering they developed together will add business to the portfolios of both companies. To date, dealer response has been strong with an unprecedented number of dealers signing up to take advantage of the service contract program.

"The timing couldn't be more perfect," says Pelican Chief Operating Officer & Chief Compliance Officer Joel Kennedy. "We at Pelican are constantly looking for ways to improve our customer experience, and an AUL service contract is a great offering that we firmly believe will have meaningful impact."

As the two companies worked together in development of the program, the common value of customer service was driving the program development. Additionally, integration of the technology used by both companies is a key advantage to providing a seamless launch to all Pelican Auto Finance dealers.

"We at AUL believe that there is a terrific alignment between our companies," said Jimmy Atkinson, Chief Operating Officer at AUL. "Pelican has a terrific platform and our focus on the claims experience complements their value added approach to the dealer lending space."

"AUL has demonstrated real competency in the areas of customer service and operational excellence and they have a solid team of professionals with years of experience in vehicle service contracts," said Troy Cavallaro. "By partnering with AUL, Pelican now offers our dealers an even more comprehensive solution to provide their customers with protection that complements the Pelican loan."

About AUL Corp.

AUL Corp. founded the national used car service contract industry in 1990, with its still famous Any Year, Any Mileage® Vehicle Service Contract. AUL continues leading its industry and is the only provider of its type authorized to conduct business in all 50 States. AUL enjoys a long relationship with its underwriters who hold an A.M. Best rating of "A-" Excellent. AUL Corp. also enjoys the longest term relationships in the industry with its agent and dealer clients, verified by independent third party research. AUL's mission is to be the premier service contract administrator in America, by any quantifiable measurement of business activity. To find out more, please visit www.aulcorp.com.

About Pelican Auto Finance, LLC

Pelican Auto Finance, LLC specializes in the underwriting and purchase of deep sub-prime automotive retail installment contracts. Operating out of San Diego, CA and Chadds Ford, PA, Pelican's senior management team has over 100+ years in the sub-prime automobile finance space. Pelican Auto Finance, LLC, founded in February 2013 includes all senior management and employees of a predecessor company, Pelican Resource Group, LLC. Founded in 2009, Pelican Resource Group, LLC established a successful track record of providing dealership financing solutions in the deep sub-prime space. For more information, visit www.pelicanaf.com.

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SOURCE AUL Corp.