LOS ANGELES--(BUSINESS WIRE)--Apr 4, 2018--Westlake Financial Services Remarketing division announces its top 2017 Auctions of the Year award recipients for their outstanding performance and service.

The 2017 Auctions of the Year award winners are:

Nationwide Auction of the Year - Adesa Brasher’s Sacramento Auto Auction

Northeast Region Auction of the Year – Bel Air Auto Auction, Inc.

Western Region Auction of the Year – Manheim Dallas

Southeast Region Auction of the Year – Rawls Auto Auction

Midwest Region Auction of the Year – Kansas City Independent Auto Auction

Westlake uses a proprietary scoring model to evaluate each auto auction monthly. The Auction of the Year winners received the highest scores out of the 70 auctions Westlake partnered with in 2017, with Adesa Brasher’s Sacramento Auto Auction receiving the highest score of all, earning the title of Nationwide Auction of the Year.

“These five auctions set the bar for top service levels in 2017,” said William Walters, VP of Remarketing at Westlake Financial Services. “This is Adesa Brasher’s Sacramento first time winning Auction of the Year from Westlake. Rawls and KCI have each won this award in past years.”

“Congratulations to our top auction partners for a great 2017 year! We are pleased to see great partnerships flourish, and we hope to continue our shared success,” added Paul Kerwin, Westlake’s Chief Financial Officer.

Westlake Financial Services sold over 40,000 quality used cars through 70 auto auctions nationwide. Westlake dealers receive money back and vehicle guarantees when buying Westlake Remarketing vehicles. To learn more about Westlake’s remarketing program visit www.westlakefinancial.com/additional-services/remarketing.

About Westlake Technology Holdings: Westlake Financial Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $6.5 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 Westlake Flooring Services; 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.

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www.WestlakeFinancial.com

View source version on businesswire.com:https://www.businesswire.com/news/home/20180404006021/en/

CONTACT: Westlake Financial Services

David Goff, VP, Marketing

dgoff@WestlakeFinancial.com

KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA

INDUSTRY KEYWORD: AUTOMOTIVE PROFESSIONAL SERVICES FINANCE OTHER AUTOMOTIVE

SOURCE: Westlake Financial Services

Copyright Business Wire 2018.

PUB: 04/04/2018 01:16 PM/DISC: 04/04/2018 01:16 PM

http://www.businesswire.com/news/home/20180404006021/en