Auto Innovation Focused on Collaboration, Not Disruption

Several startups are approaching the auto purchase and loan process by integrating with the existing system instead of attempting to upend the current model; Kevin Singerman, founder of AutoFi, who recently inked a deal with Ford stated: “The market is so big that there’s nothing preventing someone from creating a new dealership model, but I want to go after the biggest part of the pie, which is how consumers buy cars today. That’s a much more attractive opportunity.”; startup AutoGravity who is backed by German carmaker Daimler has a similar approach, providing a white label service to dealers; Bloomberg provides details of the current state of the auto market and other industry participants.  Source