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

Expands Geographic Footprint and Dealer Base

CARMEL, Ind., May 3 -- ADESA, Inc. , North America's largest publicly traded provider of wholesale vehicle auctions and used vehicle dealer floorplan financing, announced today that it has entered the Washington, D.C. auction market via the acquisition of ABC Washington Dulles, LLC located in Sterling, Virginia. The acquisition of the ABC Washington Dulles auction expands ADESA's nationwide footprint and dealer base.

The 87-acre leased facility near the Washington Dulles International Airport will be renamed ADESA Washington D.C. The state-of-the-art auction facility commenced operations in 2001 and offers six fully automated auction lanes and full service reconditioning facilities including body, detail and mechanical shops. ADESA's wholly owned floorplan finance subsidiary, AFC, will maintain its current on-site loan production office at the facility. The auction currently employs more than 250 people. Terms and conditions of the deal have not been disclosed.

"This acquisition of ABC Washington Dulles creates an immediate and significant presence for ADESA in a new and economically vibrant major metropolitan market," said ADESA Chairman, President and Chief Executive Officer David Gartzke. "Strategically, the location is also in close proximity to a very large concentration of dealers, which should allow us to better serve their needs while simultaneously providing another key redistribution point for our institutional customers."

About ADESA, Inc.

Headquartered in Carmel, Indiana, ADESA, Inc. is North America's largest publicly traded provider of wholesale vehicle auctions and used vehicle dealer floorplan financing. The Company's operations span North America with 53 ADESA used vehicle auction sites, 30 Impact salvage vehicle auction sites and 83 AFC loan production offices. For further information on ADESA, Inc., visit the Company's Web site at http://www.adesainc.com/ .