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NewsMay 4, 2005

ADESA Acquires Used Vehicle Auction Near Washington, D.C.

CARMEL, IN – ADESA, Inc. has entered the Washington, D.C. auction market via the acquisition of ABC Washington Dulles, LLC located in Sterling, Va.

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NewsMay 4, 2005

SGS Automotive Services and Carfax Create Alliance

HUNTERSVILLE, NC – SGS Automotive Services, an independent vehicle inspection company, has formed an alliance with vehicle history provider Carfax to provide enhanced remarketing support services for leading carmakers (OEMs) and their related financial institutions.

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NewsMay 4, 2005

Chief Automotive Systems and Carfax to Develop New Products and Services for Safer Used Car Frames

FAIRFAX, VA – Carfax, a provider of vehicle history information, has formed a strategic partnership with Chief Automotive Systems.

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NewsMay 4, 2005

Manheim Auctions Take 10 of 13 Enterprise Awards

ATLANTA – Out of a total of only 13 recipients, Enterprise Rent-A-Car has given 10 of its 2004 Auction Achievement awards to Manheim auctions:

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NewsMay 4, 2005

Latest Study Confirms Vehicle Owners Destined to Stay 'Upside-Down'

IRVINE, CA – The latest study from Kelley Blue Book Marketing Research, New Vehicle Buyer Attitude Study on Financing, finds that six out of 10 people who are about to buy a new vehicle prefer a longer-term loan with low monthly payments when financing their next vehicle.

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NewsMay 4, 2005

SGS Automotive Services and Auction123.com Launch Enhanced Internet Vehicles Listing Service

HUNTERSVILLE, NC – In an effort to enhance buyer confidence and trust in the accuracy of online vehicle listings, SGS Automotive Services and Auction123.com have launched ListAssure – a new service that combines Internet listings with independent vehicle condition reports to assist automotive dealers in increasing Internet sales volumes and profit margins.

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NewsMay 4, 2005

Insurance Auto Auctions Reported $5 Million Net Earning in First Quarter 2005

WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) a provider of automotive salvage and claims processing services, reported higher net earnings for the quarter ended March 27, 2005.

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NewsMay 4, 2005

AFLA Announces Agenda for 2005 Conference with Emphasis on Remarketing

ST PAUL, MN — The Automotive Fleet & Leasing Association (AFLA) will hold its 2005 Annual Meeting & Conference Sept. 7-9, 2005, at the Marriott Camelback Resort, in Scottsdale, Ariz.

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NewsMay 4, 2005

ADESA Reports 1st Quarter 2005 Net Income of $35 Million

CARMEL, IN — ADESA, Inc., a publicly traded provider of wholesale vehicle auctions and used-vehicle dealer floorplan financing, on April 28 reported that for the first quarter 2005, the company reported net income of $35.0 million or $0.38 per share, on revenue of $244.0 million.

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NewsMay 4, 2005

Houston, Parker, & Kolb to Moderate IARA 2005 Remarketing Summer Roundtables

MT. ARLINGTON, NJ – The International Automotive Remarketers Alliance (IARA) will hold its 2005 Remarketing Summer Roundtable July 27-29, 2005, at the Embassy Suites Hotel Centennial Olympic Park in Atlanta.

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