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KAR Auction Services, Inc. Announces Date for 2011 Annual Meeting of Stockholders

February 9, 2011

For Immediate Release
Jonathan Peisner
Vice President and Treasurer
(317) 249-4390
jonathan.peisner@karauctionservices.com

KAR Auction Services, Inc. Announces Date for 2011 Annual Meeting of Stockholders

Carmel, Ind. — KAR Auction Services, Inc. (NYSE: KAR) announced today that the company’s 2011 annual meeting of stockholders will be held on Thursday, May 12, 2011. The location and time of the annual meeting will be finalized and announced in the proxy materials.

Additionally, the company announced that March 14, 2011, has been fixed as the record date for determination of the stockholders of the company entitled to notice of and to vote at the annual meeting of stockholders.

About KAR Auction Services, Inc.
KAR Auction Services, Inc. (NYSE: KAR) is the holding company for ADESA, Inc., a leading provider of wholesale used vehicle auctions whose operations span North America with 70 used vehicle sites, Insurance Auto Auctions, Inc., a leading salvage auto auction company whose operations span North America with 159 sites and Automotive Finance Corporation, a leading provider of floorplan financing to independent and franchised used vehicle dealers with 88 sites across North America. For further information on KAR Auction Services, Inc., ADESA, Inc., Insurance Auto Auctions, Inc. or Automotive Finance Corporation, visit the company’s Web site at www.karauctionservices.com.