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The new technology — Lot Vision — is a GPS-based wireless device placed in a vehicle's on-board diagnostics port. The tracking device can also be attached to a steering wheel in the event that a vehicle does not have an on-board diagnostic port.

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XLerate Acquires Auctions in Georgia, Illinois

The XLerate Group has acquired Southeastern Auto Auction in Savannah, Ga., and Morton Auto Auction in Morton, Ill., the auction provider has announced. The group now operates 20 auctions in eight states.

Michigan Auction FastLane Joins ServNet

ServNet has added FastLane Auto Exchange, a Michigan-based auction, to its network of auctions, making it the auction group’s 23rd location nationwide.

KAR Acquires Europe-Based Online Auction Company

KAR Auction Services, Inc. has reached a definitive agreement to acquire CarsOnTheWeb (COTW), an online auction company serving the wholesale vehicle sector in Continental Europe, according to a company announcement.