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Operations•by Staff•May 19, 2005

ADESA, Inc. Conducts First Annual Meeting of Stockholders

CARMEL, IN – ADESA, Inc. recently conducted its first annual meeting of stockholders since becoming a publicly traded company last June.

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Operations•by Staff•May 19, 2005

Manheim Auctioneers Show Skills at World Championships

ATLANTA – Manheim-sponsored auctioneers placed in the top four positions at the 2005 World Auctioneer Championships held at Manheim's Dallas Auto Auction on April 23, including champion Spanky Assiter of Dallas.

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Operations•by Staff•May 19, 2005

Wells Fargo Auto Finance to Provide Dealers with Wear and Use Waiver Option

SAN FRANCISCO – Wells Fargo Auto Finance Group said today that it will offer a waiver to protect against expenses for lease-end damage, wear and use.

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Operations•by Staff•May 19, 2005

Insurance Auto Auctions Named as Finalist for Computerworld Honors Program 21st Century Achievement Award

WESTCHESTER, IL – Insurance Auto Auctions, Inc. (IAA) has been named as a finalist for the 21st Century Achievement Award from the Computerworld Honors Program for its use of information technology in the finance, insurance, and real estate category.

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Operations•by Staff•May 19, 2005

CBA Study Reveals Automobile Loan Terms Stretched While Credit Quality Improved

ARLINGTON, VA – Automobile loan terms continue to stretch to help make monthly payments affordable, while credit quality improved, according to the Consumer Bankers Association's (CBA) 2005 Automobile Finance Study.

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Operations•by Staff•May 19, 2005

West Virginia Stops Taxing Wholesale Auto Auctions After Complaint

CHARLESTON, WV - Owners of Charleston Auto Auction had to pay sales taxes on buying and selling fees for auctioned vehicles when sales taxes are typically not charged on wholesale transactions between two businesses, reported the Charleston Gazette-Mail newspaper.

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Operations•by Staff•May 19, 2005

Manheim's Used Car Market Report Wins Award

ATLANTA – Manheim's 2005 Used Car Market Report (UCMR) placed first in the research category at the Nashville, Tenn., chapter of the Public Relations Society of America's (PRSA) 19th annual Parthenon Award competition held April 12.

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Operations•by Staff•May 19, 2005

Houston to Moderate Benchmarking Panel at IARA Summer Roundtable Conference

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

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Operations•by Staff•May 19, 2005

Manheim Inks Agreement with CU Direct

ATLANTA – Manheim has announced a strategic partnership with CU Direct Corp., a point-of-sale and indirect lending company for the credit union industry, and administrator of Credit Union Direct Lending (CUDL) and CU Direct DecisionApp.

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Operations•by Staff•May 12, 2005

Chrysler Group Reports Twelfth Consecutive Month of Year-Over-Year Sales Gains for April 2005 Certified Pre-Owned Vehicle (CPOV) Sales

AUBURN HILLS, MI – Chrysler Group reported that its Five-Star Dealers sold 8,794 certified pre-owned vehicles (CPOV) in April 2005, an increase over April 2004 when 8,758 units were sold. Year-to-date sales totaled 36,584 units, an increase of 8 percent over year-to-date results last year.

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