ADESA, a business unit of KAR Auction Services, announced that its subsidiary, PAR North America, has been selected as TD Auto Finance’s Repossession Vendor of the Year.

PAR’s selection was based on outstanding ratings on performance, compliance, and communication. The company was the segment leader in key performance areas including repossession rate, time to repossession from placement, accuracy, and resolution rate.

The award was presented at TD Auto Finance’s annual vendor conference October 27 at the Cosmopolitan Hotel in Las Vegas, an event held to reward and recognize its outstanding vendors.

“We are honored to be chosen for this award as a leader in the industry,” said PAR North America President Jerry Kroshus. “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.”

PAR North America is the leading nationwide provider of vehicle transition services, including repossession placement, remarketing, titling, skip-tracing and end-of-term lease services. The company uses the latest in Web-based technology to connect clients and vendors with customized, real-time remarketing solutions.