A Letter to our Dealers, Q1-2011 Review
Los Angeles, CALIFORNIA – April 15, 2011
Dear Dealer Partner:
The first quarter of 2011 continues to show signs of economic recovery due in part to increased consumer confidence and spending habits in the Auto segment of GDP. With your help as a valued Westlake partner, we are gratified to say that the first quarter of 2011 was our highest production quarter in our 33 year history! Not only was our production up over 40% from the first quarter of 2010, we also reached the momentous milestone of over $1,000,000,000 in our total managed portfolio!
These are two corporate milestones that we would not have been able to obtain without the valued relationship of our dealer partners. We now operate in 49 states across the country and have over 11,000 active dealerships on our platform, and there is no more important relationship to us than that of you, our auto dealer partner. At Westlake Financial we pride ourselves on being the first true “Full Spectrum” lender in the auto finance industry, by offering competitive programs on your 0 FICO consumers all the way up to your 850 FICO consumers. Our goal is to help you sell more cars by providing financing solutions to all customers that walk on to your lot, not just a small portion of them.
Your continued patronage is important to us and, we look forward to helping you sell more cars, and assisting in increasing your bottom line through incremental sales via our full suite of competitive lending programs.
Thank you for your continued business and we value your relationship.
Don Hankey – Chairman of the Board
Ian L. Anderson – President
Mark Vazquez – VP of Sales
Questions? Please contact your local Westlake Dealer Account Manager or call 1-888-8-YES-YES.
To learn more about Westlake Financial, including markets served and financing products available, visit www.westlakefinancial.com.