Westlake Remarketing releases Q3 top auctions list

LOS ANGELES, California – October 18, 2010 – Westlake Financial Services has named their top five auctions for Q3-2010. They are:

1. Manheim Nevada

2. Rawls Auto Auction

3. Norwalk Auto Auction

4. Brashers Salt Lake Auto Auction

5. Adesa Golden Gate

Westlake Remarketing saw strong performance in the recent quarter and is recognizing these top auctions for their superior efforts. Rankings are based on a combination of sale results and service. All five topped the sale rankings. Manheim Nevada ranked #1 overall for the second straight quarter, ranking #1 for sale results and #3 for service. Manheim Metro Dallas topped the service rankings.

Bill Walters, VP of Remarketing, says that overall auction performance has been improving. “Development of these grading measures has helped us recognize strengths and address shortcomings in our current network. The continued support of these auction partners is integral to our remarketing success.”

About Westlake Financial Services: Westlake Financial Services is an internet based, privately held finance company that specializes in the acquisition and servicing of sub-prime to near-prime automotive retail installment contracts. Headquartered in Southern California, Westlake originates indirect retail installment contracts through a network of over 9,000 new and used car dealers throughout the United States. All collections and servicing are performed in-house from its central facility located in the Mid-Wilshire area of Los Angeles.