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Operations•by Staff•May 12, 2005

Hallett Departs ADESA in Management Realignment

CARMEL, IN — ADESA, Inc. Chairman, President, and CEO David Gartzke announced on May 9 the departure of Jim Hallett, executive vice president of ADESA, Inc., and president of ADESA, Corp., LLC. The departure was effective May 6, 2005.

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Operations•by Staff•May 12, 2005

Compact Car Resale Values on the Rise

GAINESVILLE, GA — Compact cars are holding their values better today than at any time during the previous three years. A recent Black Book survey compared the current value retention of one, two, and three year old compact cars, against that of one, two, and three year old compact cars in 2004 and 2003 respectively.

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Operations•by Staff•May 12, 2005

IARA Roundtable to Focus on Vehicle Values, Benchmarking, & Remarketing Technologies

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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Operations•by Staff•May 12, 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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Operations•by Staff•May 12, 2005

$2.9 Million in Used Construction Groups Sold Online

PLEASANTON, CA – IronPlanet, an auction company that sells used construction equipment, sold $2.9 million worth of trucks and other items in a May 5 online auction, the company said.

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Operations•by Staff•May 12, 2005

Kbb.com Ranked Top Automotive Web Site for Car Shoppers

IRVINE, CA – More car shoppers choose Kelley Blue Book's kbb.com than any other automotive Web site when researching and purchasing a vehicle, according to Keynote Systems' recent Customer Experience (CE) Rankings for the Third Party Automotive Industry study.

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Operations•by Staff•May 12, 2005

Equipment Repossessions and Liquidations Rose in Q1, Marking First Major Increase Since 2002

WESTBURY, N.Y – There was a sizeable increase in equipment repossessions and liquidations during first quarter (Q1) 2005 compared with the same period in 2004, according to the Nassau Asset Management's NasTrac Quarterly Index (NQI).

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Operations•by Staff•May 12, 2005

Used-Vehicle Market Conditions Continue Steady Improvement in April

ATLANTA and CARMEL, IN — Average auction prices in April, according to ADESA Analytical Services' monthly analysis of wholesale used-vehicle prices by vehicle model class, were up 4.8 percent from year-ago levels.

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Operations•by Staff•May 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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Operations•by Staff•May 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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