Carmel, IN—ADESA today announced that Jeff Bescher has been promoted to senior vice president of commercial sales and operations. Bescher will report directly to Bob Rauschenberg, executive vice president of sales and marketing.

Carmel, IN—ADESA and Toyota Financial Services (TFS) today announced that they finished out the year with two record weekend sales events on DealerBlock. ADESA DealerBlock hosts a Weekend Sale every Friday through Monday, providing dealers with an additional venue for sourcing inventory.

Carmel, IN—KAR Auction Services, Inc. (the “Company”) today announced the final results of its previously announced cash tender offer (as defined in the Offer to Purchase dated November 30, 2009, as amended by the Press Release dated December 18, 2009, the “Tender Offer”) for its 10% Senior Subordinated Notes due 2015 (CUSIP No. 48238QAF2) (the “First Priority Notes”), its 8¾% Senior Notes due 2014 (CUSIP No. 48238QAE5) (the “Second Priority Notes”) and its Floating Rate Senior Notes due 2014 (CUSIP No. 48238QAD7) (the “Third Priority Notes” and, together with the First Priority Notes and the Second Priority Notes, the “Notes”).

Carmel, IN— ADESA today announced it has adopted the National Arbitration Policy of the National Auto Auction Association (NAAA) at all of its U.S. auction locations, effectively immediately. A committee representing key members of the remarketing industry recently updated and simplified the policy, “National Arbitration Policy: In-Lane and Online.” The NAAA Board of Directors then approved the policy, which took effect January 1, 2010.

Carmel, IN—KAR Auction Services, Inc. (the “Company”) today announced that the underwriters of its initial public offering have partially exercised their option to purchase additional shares, electing to purchase an additional 2,656,050 shares of common stock at the initial public offering price less the underwriting discount.