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EXHIBIT 10.20

ADESA, Inc.
Acceleration of Stock Option Vesting

        On March 9, 2005, the Board of Directors of ADESA, Inc. (the "Company")
approved resolutions to accelerate the vesting of certain unvested and
"out-of-the-money" stock options previously awarded to employees and officers.
The awards accelerated were made under the ADESA, Inc. 2004 Equity and Incentive
Plan in conjunction with ADESA's initial public offering ("IPO") in June 2004.
As a result, options to purchase approximately 2.9 million shares of the
Company's common stock became exercisable immediately. The options awarded in
conjunction with the IPO to the Company's named executive officers and the
majority of the other officers would have vested in equal increments at June 15,
2005, 2006 and 2007. The options awarded to certain other executive officers and
employees had different vesting terms. One-third of the options awarded to the
other executive officers and employees vested on December 31, 2004. The
remaining two-thirds of the options awarded to these executive officers and
other employees in conjunction with the IPO would have vested in equal
increments at December 31, 2005 and 2006. All of these options expire in
June 2010. All other terms and conditions applicable to the outstanding stock
option grants remain in effect. The options that were accelerated have an
exercise price of $24 and included those listed below held by the named
executive officers of the Company.

Name

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  Title

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  Number of Shares
Issuable Under
Accelerated Options

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David G. Gartzke   Chairman, President and Chief Executive Officer   663,950
James P. Hallett   Executive Vice President of ADESA, Inc. and President of
ADESA Corporation, LLC   265,580 Bradley A. Todd   Executive Vice President of
ADESA, Inc. and President of Automotive Finance Corporation   265,580 Cameron C.
Hitchcock   Executive Vice President and Chief Financial Officer   265,580
Brenda J. Flayton   Executive Vice President and Chief Administrative Officer  
159,348 Other Executive Officers   Various   516,233        

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All Executive Officers   Various   2,136,271 Other Employees   Various   761,831
       

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        2,898,102        

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EXHIBIT 10.20