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ADESA Expands Again With Four New Auto Auction Facilities

7 February 2000

ADESA Expands Again With Four New Auto Auction Facilities

   INDIANAPOLIS, Feb. 7 -- ADESA Corporation is acquiring the
Mission City Auto Auction in San Diego and nearing completion of new auction
facilities in Los Angeles, Concord, Mass. and Calgary, Alberta.
    "These new facilities advance our mission to expand across North America,"
said Jim Hallett, president and CEO of ADESA.  "We are particularly excited
about our strong presence along the west coast from Calgary and Vancouver to
Sacramento, Los Angeles and San Diego."  Hallett added, "Mission City is a
great acquisition for ADESA, especially with the opening of our first Los
Angeles auction.  California is one of America's largest car markets, and
ADESA is now there in force."
    The Mission City auction will be renamed ADESA San Diego and will continue
to conduct sales Mondays at 4:00 p.m. and Thursdays at 10:00 a.m.  ADESA San
Diego operates six auction lanes on 30 acres with full reconditioning
facilities.
    ADESA Los Angeles is conveniently located in Mira Loma, southeast of the
intersection of highways 10 and 15.  Featuring 60 acres of vehicle storage,
the auction will house eight auction lanes, along with full reconditioning and
body shop facilities.  The auto auction will be held on Wednesdays at 9:30
a.m., with the first auction to be held in April.  The facility was acquired
partially completed from Auto Nation.
    "We've been working a long time to enter the Los Angeles market," said
Hallett.  "Los Angeles and San Diego nicely complement our first California
auction in Sacramento."
    Hallett said ADESA is reopening its Concord facility because, "In three
short years we have filled ADESA Boston, the world's largest indoor auction."
    "Our New England customers are excited about the return of our auction
site in Concord," said Tom Caruso, regional manager for Boston.  "They're
familiar with the location.  And, with thousands of cars running through ADESA
Boston, everyone is pleased to know we'll soon have more space to do
business."
    The Concord auction is scheduled to begin in April and will be held
Wednesdays at 9:30 a.m.
    ADESA Calgary will open in early June.
    In the last five years, ADESA has acquired thirteen auctions and developed
nine new facilities.  ADESA now owns and operates 33 automobile auctions
across North America from Boston to Los Angeles and from San Antonio to
Montreal.
    ADESA Corporation is North America's second largest provider of wholesale
vehicle remarketing services. The company is a wholly-owned subsidiary of
Minnesota Power, Inc. , a multi-services company with corporate
headquarters in Duluth, Minnesota.  In addition to ADESA, Minnesota Power
automotive holdings include Automotive Finance Corporation, with more than 80
offices across North America, the leading provider of inventory financing for
auto dealers who purchase vehicles at auction; Professional Auto Remarketing
(PAR) which sells vehicles and provides other value-added services through a
nationwide network of auctions; and Great Rigs, Inc., one of the nation's
largest independent transport carriers of used automobiles.