Capital One Auto Finance Recognizes Several ADESA Auctions

[Pages:2]October 16, 2008

For Immediate Release Darci Valentine darci.valentine@ 317-249-4414

Capital One Auto Finance Recognizes Several ADESA Auctions

Carmel, IN--Three ADESA auctions received Capital One Auto Finance's annual Auction of the Year awards. The awards, which were presented at the recent NAAA conference in Washington, D.C, recognize wholesale auctions that exhibit outstanding levels of performance and customer service. Capital One also created a new award this year, the Appreciation Award, which it presented to ADESA Dallas.

Each year, Capital One recognizes one auction from each of its six regions as an Auction of the Year. To choose the auction of the year, representatives assess each auction's performance in a variety of categories, including sale organization, retention rates and customer service, as well as pre-sale services, such as vehicle transportation and condition reports.

This year, ADESA won three of the six awards presented. The winners were: ? Auction of the Year, Southeast Region, ADESA Knoxville ? Auction of the Year, Southwest Region, ADESA Los Angeles ? Auction of the Year, South Central Region, ADESA Tulsa

ADESA Dallas also walked away with Capital One's first-ever appreciation award for the auction's willingness to work closely with Capital One in testing new products, services and promotions.

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About Capital One Headquartered in McLean, Virginia, Capital One Financial Corporation () is a bank holding company whose principal subsidiaries, Capital One Bank, Capital One, F.S.B. and Capital One Auto Finance, Inc. offer a variety of consumer lending products to customers in the U.S., UK and Canada. Capital One is a Fortune 500 company and, through its subsidiaries, is one of the largest providers of MasterCard and Visa credit cards in the world.

About ADESA ADESA offers a full range of auction, reconditioning, logistical and other vehicle-related services to meet the remarketing needs of both its institutional and dealer customers. With 62 auction locations in the United States, Canada and Mexico, strategically located near metropolitan areas with a large concentration of used vehicle dealers, the company is well positioned to host both physical and Internet auctions. Through its related subsidiaries of AutoVIN? and PAR North America, it is also able to provide additional services including inspections, inventory audits and remarketing outsourcing solutions including a network of repossession agents, titling and auction sale representation. Visit for details.

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