CARMEL, Ind. -

ADESA announced this morning that its subsidiary, PAR North America, is the recipient of TD Auto Finance’s Repossession Vendor of the Year.

TD Auto Finance chose PAR based on its outstanding ratings for compliance, performance and communication. According to the announcement, the company was the segment leader in key areas, such as repossession rate, time to repossession from placement, accuracy and resolution rate.

PAR  presented the award at the TD Auto Finance annual vendor conference on Oct. 27 at the Cosmopolitan Hotel in Las Vegas.

“We are honored to be chosen for this award as a leader in the industry,” said Jerry Kroshus, PAR North America’s president. “This achievement reflects the dedication of our employees and management team working together. Receiving this award from TD Auto Finance means so much because TD Auto Finance is an excellent business partner and is so well respected in the industry for their ethics and high standards.”