Westlake Financial Services Releases Top Auctions List
Westlake Financial Services announced its top auctions list for the second quarter, with Norwalk Auto Auction and Manheim Nevada taking the top spots.
LOS ANGELES — Westlake Financial Services announced its top auctions for second quarter. The top overall auctions were Norwalk Auto Auction and Manheim Nevada.
The top service action was ABC Birmingham, while the top loyalty program auction was Dealers Auto Auction Idaho. Recognized as the most improved auction was ADESA Colorado Springs.
“We continue to see strong sale performance in the Western states during the second quarter,” said Bill Walters, vice president of remarketing. “As such, our top auctions held relatively stable compared to Q1.”
Besides strong sale results, overall top winner Norwalk was recognized for excellent service. Manheim Nevada also held its top rank for the fourth consecutive quarter.
“The staff at Norwalk makes my job much easier by going above and beyond,” said Brad Hall, regional auction rep.
Regional auction representative Steve Gunsberger added: “As we head into the second half, we look forward to working with all of our auction partners into making 2011 a record year,” said Ian Anderson, president of Westlake Financial. “A hat tip to our Q2 top auctions and congratulations to ADESA Colorado Springs for their charge up the rankings.”
More Auto Finance

July Was Hot for Auto Borrowers
Credit proved readily available for many, but most loans left buyers in negative territory, Cox Automotive said.
Read More →
Dealer Lender Preferences Revealed
When lenders provide consistent, fast service, their overall satisfaction scores with dealers greatly improve, according to JD Power research.
Read More →
Auto Refi Savings Surge
Consumers with 84-month auto loan terms who refinanced saved the most on monthly payments, according to a new report by auto refinancing provider Caribou.
Read More →
Subaru Enters Lending Business
The automaker follows other brands in adding captive financing in the U.S., and says the move will strengthen its position here.
Read More →
Positive Equity Reaches Record High
Mainstream vehicle owners who bought a car seven years ago are likely to have positive equity when trading in for a new vehicle, according to second-quarter Edmunds data.
Read More →
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 →