Westlake Financial Remarketing Honors Manheim Central Florida with 2023 Auction of the Year Award

LOS ANGELES--(BUSINESS WIRE)--Westlake Financial Remarketing recognizes the winner of their 2023 Auction of the Year Award and the Top 4 Regional Auction Performers.

2023 Nationwide Auction of the Year Winner:

• Manheim Central Florida

2023 Top Regional Auction Performers:

• South Central: 166 Auto Auction
• Northeast: Manheim Baltimore-Washington
• Southwest: Adesa Salt Lake
• Midwest: America’s AA Columbus Fair

“Congratulations to Manheim Central Florida on winning Auction of the Year. Their remarkable efforts and operational efficiency have allowed them to clear cars quickly while remaining Westlake’s 2^nd largest auction by total volume,” says Michael Jari, Director of Remarketing at Westlake Financial. “We’d also like to acknowledge the hard work of the Top 4 Regional Auction Performers. Their achievements are a testament to their diligence and steadfast performance in selling Westlake units this past year.”

Auctions are ranked based on efficiency and retention, with the top performers determined by the average score of Westlake remarketing units sold in 2023 and their ability to sell units at the highest Manheim Book Value percent.

“It is great to see that Westlake’s revered partnerships with auto auctions nationwide have continued to make significant progress this past year. I am excited to see what we can accomplish in 2024,” says Paul Kerwin, Chief Financial Officer at Westlake Financial.

“Our industry thrives because of partners like Westlake. Thank you to the Westlake Team and our Rep, Eddie Corrado, for this outstanding recognition,” states Toni Williams, General Manager of Manheim Central Florida. “The hard work and determination of our Central Florida Team made this achievement possible. Thank you for being diligent and committed to our processes, while showcasing the power of teamwork. Congratulations, and well done, team!”

Westlake Remarketing, a division of Westlake Financial, partners with auctions nationwide to sell thousands of quality used cars to auto dealers, achieving over 100,000 units sold in 2023. Westlake dealers purchasing Westlake Remarketing vehicles can enjoy benefits like the Dealer Loyalty Program, offering up to $250 off any Westlake Deal, and the Buy with Confidence program, ensuring vehicle quality through inspection and testing. To view the Westlake Remarketing auction run list, visit: www.westlakefinancial.com/additional-services/runlist/.

About Westlake Technology Holdings: Westlake Technology Holdings is an auto and finance technology company headquartered in Los Angeles, CA with approximately $15 billion in assets under management. Westlake Financial (“Westlake”) originates indirect automotive retail installment contracts through a nationwide network of new and used automotive and power sports dealers. Westlake also offers credit facilities and commercial real estate loans through Westlake Capital Finance (WCF); portfolio servicing through Westlake Portfolio Management (WPM); floor plan lines of credit are provided through its 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; indirect automotive leasing for credit unions through Westlake’s subsidiary, Credit Union Leasing of America (CULA); dealer leads and direct-to-consumer auto loans are offered through Westlake Direct; consumer installment loans are offered through Westlake’s wholly-owned subsidiary LoanCenter, www.loancenter.com.