Westlake Announces 2011 Top Auctions
Westlake Financial Services named Norwalk Auto Auction as its overall 2011 Auction of the Year.
LOS ANGELES — Westlake Financial Services named Norwalk Auto Auction as its overall 2011 Auction of the Year.
“Norwalk Auto Auction is the little auction with big results. A two-lane sale just 15 miles from downtown Los Angeles, Norwalk produces high scores for sale and service standards on a consistent basis,” said Bill Walters, vice president of remarketing.
Westlake also recognized Manheim St. Pete (Florida) as their 2011 Top Service Auction. Dirk Grammel, Westlake regional auction rep, cited the company’s responsiveness and ability to meet operational challenges.
For the second consecutive year, Dealers Auto Auction of Idaho earned the honor as Top Loyalty Sale Auction, achieving a 64 percent penetration rate. Dealers Auto Auction of Idaho also was recognized as the 2011 Most Improved Auction.
“[Last year] was a record year for our remarketing department and they couldn’t have done it without the help of premier auctions such as Norwalk Auto Auction, Manheim St. Pete, and Dealers Auto Auction of Idaho,” Anderson said. “We look forward to continued support from our auction partners in 2012.”
More Auto Finance

Dealerships Are Paying the Price for Extended Car Loans
Growing negative-equity scenarios mean such lengthy terms should be addressed in a forward-looking way to make them work for the dealer and the consumer down the road.
Read More →
Trade-Ins in Negative Equity Reach New Heights
As such trade-ins rise in frequency, so do monthly loan payment amounts and interest rates, according to second-quarter data compiled by Edmunds.
Read More →
Auto Credit Plentiful
June numbers show lenders are readily granting access, including to risky borrowers, as consumers leverage themselves to take on high prices.
Read More →
Automotive Consumers Sink Further in Debt
Most financing metrics hit records in the second quarter as more buyers locked themselves into long terms and high monthly payments.
Read More →
Porsche Financial Services Shifts Structure
After 36 years with Porsche, the Financial Services Chief Financial Officer Konrad Riedl is retiring, and the department is realigning its management structure.
Read More →
Tariffs Could Raise Insurance Premiums
As U.S. import tariffs affect repair costs, consumers might find it more affordable to replace a damaged vehicle, according to recent Insurify tariff analysis.
Read More →
Smaller Loans, Longer Terms
The youngest generation of car buyers is more likely to finance less expensive vehicles, more than half of generation Z consumers borrowing less than $25,000.
Read More →
New Cars a Tad More Affordable
May averages show that combined circumstances gave auto consumers slightly better buying power for the month, though average prices were up year-over-year.
Read More →
First-Quarter Sees Long Auto Loan Growth
Experian data show more consumers are tapping the method, along with refinancings, to afford buying. Meanwhile, subprime borrowers are getting more access.
Read More →
Mastering Credit Friction
In this video, Josh Krach explains how to turn credit friction into an advantage.
Read More →