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 for the second consecutive 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 collection vendor conference in New Orleans last month, an event held to inform, reward and recognize its collection support vendors.

“We are honored to again be chosen for this award as a leader in the industry,” said PAR North America President Jerry Kroshus. “We’ve been consistent in our performance and I’m proud of our team’s ability to deliver and follow through. 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 a 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.