ADESA Inc. provides wholesale vehicle auctions and used vehicle dealer floorplan financing services in North America. It operates in two segments, Auction Services Group (ASG) and Dealer Services Group (DSG). The ASG segment provides used vehicle auctions and impact salvage auctions, as well as related services that include vehicle reconditioning, inbound and outbound logistics, vehicle inspections, titling, salvage recovery services, and outsourcing of various other administrative functions. This segment provides services for specialty vehicles and equipment to the recreational vehicle, commercial trucking, construction, and utility industries, as well as off-lease vehicles, repossessed vehicles, and fleet vehicles. The DSG segment provides short-term inventory-secured financing, known as floorplan financing to independent and used vehicle dealers at wholesale vehicle auctions in the United States and Canada. The company’s institutional customers include vehicle manufacturers and their captive finance arms, banks, vehicle finance companies, credit unions, other financial institutions, vehicle rental companies, commercial fleets, and fleet management/licensing companies. It also serves selling dealers, including licensed franchised, independent, and wholesale vehicle dealers. As of December 31, 2006, the company operated 54 ADESA used vehicle auction sites, 42 Impact salvage vehicle auction sites, and 85 Automotive Finance Corporation loan production offices. ADESA was founded in 1989 and is headquartered in Carmel, Indiana. ADESA Inc. was formerly a subsidiary of ALLETE, Inc. ADESA Inc. operates as a subsidiary of KAR Holdings Inc.