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This content is a press release from our partner Business Wire. The AP newsroom and editorial departments were not involved in its creation.

Westlake Financial Services Announces America’s Auto Auction Harrisburg as the 2018 Auction of the Year

March 14, 2019

LOS ANGELES--(BUSINESS WIRE)--Mar 14, 2019--Westlake Financial Services congratulates America’s Auto Auction Harrisburg as its 2018 Auction of the Year winner. Westlake recognizes Manheim Nashville, Adesa Sacramento Brashers, Manheim North Carolina, and Manheim Phoenix for their top performance in their region.

“We are happy to congratulate our 2018 Auction of the Year winner America’s Auto Auction Harrisburg. They are a great partner and together, we look forward to continuing our growth,” stated William Walters, VP of Remarketing for Westlake Financial Services.

The 2018 top regional auction performers are:

Northeast Region Winner: America’s Auto Auction Harrisburg
Midwest Region Winner: Manheim Nashville
Pacific Region Winner: Adesa Sacramento Brashers
Southeast Region Winner: Manheim North Carolina
West Region Winner: Manheim Phoenix

Each year Westlake grades auto auctions based on sales and service levels including sales of Westlake remarketed units with the highest MMR percentage. Westlake recognizes top performing auctions in each region with the highest graded auction receiving the ‘Auction of the Year’ award.

“We are proud to be working with all our auctions and I want to congratulate the top five,” stated Paul Kerwin, Westlake’s Chief Financial Officer. “We hope to continue our success alongside each of these groups.”

Westlake partners with auctions nationwide to sell thousands of used cars each month. Many units are sold with Westlake’s Buy with Confidence Guarantee, which gives dealers peace of mind they are purchasing quality units. Additionally, Westlake offers a Dealer Loyalty Program in which retailers receive discounts when Westlake units are purchased at auctions and financed through Westlake. Those interested in learning more are invited to contact the Remarketing department and check our upcoming sales on https://www.westlakefinancial.com/Remarketing/

About Westlake Technology Holdings: Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $8.33 billion in assets under management. Westlake Financial Services originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and powersports dealers. Westlake also offers loan portfolio purchasing, credit facilities and portfolio servicing through their ALPS division (Advanced Lending & Portfolio Services); www.WestlakeALPS.com. Floor plan lines of credit are provided through their Westlake Flooring Services division; www.WestlakeFlooringServices.com, shared cash flow auto lending through Westlake’s wholly owned subsidiary, Western Funding, Inc. a Nevada Based auto lender, and indirect automotive leasing for credit unions through Credit Union Leasing of America (CULA), is a subsidiary of Westlake, dealers leads and direct-to-consumer auto loans through Westlake Direct, and direct to consumer title loans are through Westlake’s wholly owned subsidiary Loan Center; www.loancenter.com.

www.WestlakeFinancial.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20190314005696/en/

CONTACT: David Goff, VP, Marketing

Email:dgoff@WestlakeFinancial.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: AUTOMOTIVE PROFESSIONAL SERVICES FINANCE OTHER AUTOMOTIVE

SOURCE: Westlake Financial Services

Copyright Business Wire 2019.

PUB: 03/14/2019 01:08 PM/DISC: 03/14/2019 01:08 PM

http://www.businesswire.com/news/home/20190314005696/en