Adesa (SOLD) 8-K Results of Operations and Financial Condition

Exhibit 99

Third Quarter 2006 Earnings Conference Call October 31, 2006

Cautionary Statement Forward-Looking StatementsThis presentation includes forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements, including statements regarding anticipated financial results, the company’s 2006 outlook, anticipated firming of the retail used vehicle market, future volumes and acquisition pipeline are subject to certain risks, trends, and uncertainties that could cause actual results to differ materially from those projected, expressed or implied by such forward-looking statements. The statements are based on assumptions about important factors including: trends in new and retail used vehicle sales and incentives, including wholesale used vehicle pricing; economic conditions, including fuel prices; weather, Canadian exchange rate and interest rate fluctuations; competition, litigation developments, trends in the vehicle remarketing industry; corporate development activities, including acquisitions; investments in technology, general business conditions, vehicle production and the other risk factors described in the company’s Annual Report on Form 10-K, and other risks described from time to time in the company’s filings with the Securities and Exchange Commission. Many of these risk factors are outside of the company’s control, and as such, they involve risks that are not currently known to the company that could cause actual results to differ materially from those discussed or implied herein. The forward-looking statements in this document are made as of the date hereof and the company does not undertake to update its forward-looking statements.This presentation includes certain non-GAAP measures. These non-GAAP measures are reconciled to the most directly comparable GAAP measures in Appendix 2 to this presentation.

Q3 Overview Revenue – Up 13% to $273M: Vehicles entered – 2.0% ( institutional) Increased ancillary services rev. Loan transactions – 4.6% Cost of Services – up 18% to $138M driven by:Conversion rate to 58.2% from 58.8% in Q3 2005 Incr. vehicle handling costs Incr. ancillary services INDUSTRY ADESA Supply - Volume coming to auction increasing Demand – Retail market sales down 10% YTD vs. 05. Steepest YTD decline in last decade

Industry – Current Signs Retail used vehicle sales 5.1% from Aug. to Sept. Largest increase since 1997 Falling gasoline prices First price increase for full-size SUV’s since Apr. 2004 Used vehicle prices in the 50% to 60% price band Estimated 7-day incr. in inventory of manufacturer and captive finance vehicles for the auction industry POSITIVE INDICATORS FOR FUTURE VOLUMES

 Interest Expense $0.3M Income taxes $2.1M Q3 Financial Review*– ADESA, Inc. Revenues up $31.9M to $272.9M Net income - $34.1M / $0.38 EPS Operating profit increased $2.4M to $58.3M* Unless otherwise specified, all comparisons are vs. Q3 2005 Acquisitions, 20%FX, 12%DSG, 11%ASG Organic, 57%

 Q3 Financial Review* - Auction Services Group Operating profit $0.7M to $39.9M $21M increase in cost of services Increased lower margin ancillary services (transportation & reconditioning) Foreign currency $6.4M increase in SG&A Normal compensation increases Incremental stock-based compensation ($0.5M) $1.4M increase in D&ARevenue growth of $28.1M to $236.2M * Unless otherwise specified, all comparisons are vs. Q3 2005 Higher Ancillary Services, Increased Fee Income, 65%Acquisitions, 22%FX, 13%

Q3 Financial Review* - Dealer Services GroupRevenue growth of $3.8M to $36.7M Loan transactions up 4.6% to record 290k Revenue per loan transaction up 6.7% to record $127 Operating profit increased $4.1M to $24.4M * Unless otherwise specified, all comparisons are vs. Q3 2005 Portfolio at $787M; up 18%; 95% current Loan Transaction Growth, 40%Interest Rate Increases, 30%Increased Vehicle Values, 30%

Q3 Financial Review Continued Other Financial Metrics Debt to capital – 23.1% vs. 26.3% at Q2 2006 Increased capital structure efficiency via $50 million revolver paydown Availability under revolving credit facility is $247M EBITDA - $72.2M versus $66.3M* last year Capital expenditures of $7M for Qtr / $24M YTDExpected to be $10M - $15M under $48M guidance Cash of $218M ($45M available) * Includes $2.4M impact for debt prepayment expenses net of gain on termination of swap

2006 Outlook EPS expected to be at the lower end of previously issued earning guidance of $1.47 to $1.55 range Guidance includes approximately $0.03 per diluted share resulting from adoption of SFAS 123(R) and $2.7M Kitchener-related first quarter charge

Strategic Initiatives Update Investments for growth Acquisition of 3 salvage sites in Texas Nation’s 2nd largest salvage market North American market share now at 9% Acquisition pipeline remains healthy

Q3 Operational Developments Continue to win accolades from our customers Toyota’s Premier Award at NAAA Further strengthened e-business team Hiring of Bob Schoen as VP e-Business Launched ADESA Dealer Block on ADESA.com Continued progress with operational alignment “One operating mindset” Operational excellence

APPENDIX 1

(1) Does not include salvage vehicles. (2) Conversion percentage represents the number of used vehicles sold as a % of the number of used vehicles entered or offered for sale at used vehicle auctions. Does not include salvage vehicles.(3) Amounts restated to exclude the operations of ComSearch, Inc. which was sold in Q3 2005. Third Quarter Statistics: 2002 – 200620062005200420032002Vehicles Entered (000's) (1)747732721750773Vehicles Sold (000's)Used435430431458433Salvage57454745 41Total Vehicles Sold492475478503474Conversion Percentage (2)58.2%58.8%59.8%61.1%56.0%Revenue per Vehicle Sold (3)$480$438$415$393$382Loan Transactions (000's)290277268238237Revenue per Loan Transaction$127$119$106$107$108

2006 Major Cash Flow Uses ($ In Millions) Q1 2006Q2 2006Q3 2006YTD 2006CASH PAID FOR INTEREST(3.9)$ (8.7)$ (3.8)$ (16.4)$ CASH TAXES(21.6)$ (21.5)$ (13.6)$ (56.7)$ DIVIDENDS(6.7)$ (6.7)$ (6.8)$ (20.2)$ DEBT REPAYMENT(7.5)$ (7.5)$ (57.5)$ (72.5)$ CAPITAL EXPENDITURES(6.2)$ (10.7)$ (7.3)$ (24.2)$ ACQUISITIONS(29.7)$ (0.3)$ (24.7)$ (54.7)$ INVESTMENTS(12.5)$ -$ (0.1)$ (12.6)$ 

The SWAP agreement related to the former Term Loan B facility was terminated in the third quarter 2005, as a result of the amendment and restatement of the credit facility. Consequently, the $0.5 million unrealized gain on hedge that was a component of "Other Comprehensive Income" prior to the termination was recorded as a $0.5 million in "Other realized gain Income" in the third quarter 2005. (2) In the third quarter 2005, a charge was incurred for the write-off of unamortized debt issuance costs associated with the Company’s June 2004 credit facility and expenses related to the amended and restated credit facility. ADESA, Inc.Consolidated Statements of Income(In millions, except per-share data)(Unaudited)Three Months EndedThree Months EndedSeptember 30, 2006 September 30, 2005U.S. GAAPReportedU.S. GAAPReportedSpecialItemsAdjustedOperating revenuesAuction services group$236.2$208.1$208.1Dealer services group36.732.932.9Total operating revenues272.9241.0241.0Operating expensesCost of services(exclusive of depreciation & amortization)137.8116.8116.8Selling, general and administrative64.757.557.5Depreciation and amortization12.110.810.8Total operating expenses214.6185.1185.1Operating profit58.355.955.9Interest expense7.17.47.4Other income, net(1.8)(2.5)$0.5(1)(2.0)Loss on extinguishment of debt--2.9(2.9)(2)--Income from continuing operationsbefore income taxes53.048.12.450.5Income taxes18.616.50.917.4Income from continuing operations$34.4$31.6$1.5$33.1Loss from discontinued operations, netof income taxes(0.3)(0.1)Net income$34.1$31.5Earnings per share—basic and dilutedIncome from continuing operations$0.38$0.35$0.02$0.37Loss from discontinued operations,net of income taxes----Net income$0.38$0.35Weighted average shares outstanding:Basic89.9089.5389.53Diluted90.2289.9789.97

The SWAP agreement related to the former Term Loan B facility was terminated in the third quarter 2005, as a result of the amendment and restatement of the credit facility. Consequently, the $0.5 million unrealized gain on hedge that was a component of "Other Comprehensive Income" prior to the termination was recorded as a $0.5 million realized gain in "Other Income" in the third quarter 2005. (2)In the third quarter of 2005, a charge was incurred for the write-off of unamortized debt issuance costs associated with the Company’s June 2004 credit facility and expenses related to the amended and restated credit facility. ADESA, Inc.Consolidated Statements of Income(In millions, except per-share data)(Unaudited)Nine Months EndedNine Months EndedSeptember 30, 2006September 30, 2005U.S. GAAPReportedU.S. GAAPReportedSpecialItemsAdjustedOperating revenuesAuction services group$726.3$636.1$636.1Dealer services group108.194.194.1Total operating revenues834.4730.2730.2Operating expensesCost of services (exclusive of depreciation & amortization)419.7346.4346.4Selling, general and administrative195.4168.4168.4Depreciation and amortization33.930.030.0Total operating expenses649.0544.8544.8Operating profit185.4185.4185.4Interest expense21.224.024.0Other income, net(5.3)(6.3)$0.5(1)(5.8)Loss on extinguishment of debt--2.9(2.9)(2)--Income from continuing operationsbefore income taxes169.5164.82.4167.2Income taxes62.662.00.962.9Income from continuing operations$106.9$102.8$1.5$104.3Loss from discontinued operations, netof income taxes(0.4)(0.4)Net income$106.5$102.4Earnings per share—basicIncome from continuing operations$1.19$1.14$0.02$1.16Loss from discontinued operations,net of income taxes----Net income$1.19$1.14Earnings per share—dilutedIncome from continuing operations$1.19$1.14$0.01$1.15Loss from discontinued operations,net of income taxes(0.01)(0.01)Net income$1.18$1.13Weighted average shares outstanding:Basic89.8489.9789.97Diluted90.2190.4390.43

ADESA, Inc.Condensed Consolidated Balance Sheets(In millions)September 30, 2006(unaudited)December 31, 2005Cash and cash equivalents$218.5$245.9Trade receivables, net272.1188.6Finance receivables, net233.9196.7Retained interests in finance receivables sold67.256.8Other current assets34.836.1Total current assets826.5724.1Goodwill559.0532.6Intangible and other assets113.992.9Property and equipment, net606.7595.9Total assets$2,106.1$1,945.5Current liabilities, excluding current maturities of debt$483.2$352.1 Current maturities ofdebt30.070.0Total current liabilities513.2422.1Long-term debt330.0362.5Other non-current liabilities65.771.0Stockholders’ equity1,197.21,089.9Total liabilities and equity$2,106.1$1,945.5

APPENDIX 2

ADESA, Inc. Reconciliation of EBITDA ($ In Millions) 20062005$%20062005$%Net Income34.1$ 31.5$ 2.6$ 8.3%106.5$ 102.4$ 4.1$ 4.0%Add Back:Loss (income) from discontinued operations0.30.10.20.40.4-Income from continuing operations34.4$ 31.6$ 2.8$ 8.9%106.9$ 102.8$ 4.1$ 4.0%Add Back:Income taxes18.616.52.162.662.00.6Interest expense7.17.4(0.3)21.224.0(2.8)Depreciation and amortization12.110.81.333.930.03.937.834.73.1117.7116.01.7EBITDA72.2$ 66.3$ 5.9$ 8.9%224.6$ 218.8$ 5.8$ 2.7%Adjustments for special items:Debt prepayment expenses (1)-2.9(2.9)-2.9(2.9)Gain on termination of swap (2)-(0.5)0.5-(0.5)0.5-2.4(2.4)-2.4(2.4)EBITDA Adjusted for special items72.2$ 68.7$ 3.5$ 5.1%224.6$ 221.2$ 3.4$ 1.5%(2) The SWAP agreement related to the former Term Loan B facility was terminated in the third quarter 2005, as a result of the amendment and restatement of the credit facility. Consequently, the $0.5 million unrealized gain on hedge that was a component of "Other Comprehensive Income" prior to the termination was recorded as a $0.5 million realized gain in "Other Income" in the third quarter 2005.(1) In the third quarter of 2005, a charge was incurred for the write-off of unamortized debt issuance costs associated with the Company's June 2004 credit facility and expenses related to the amended and restated credit facility. Incr<Decr>Incr<Decr>Three Months Ended September 30Nine Months Ended September 30