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
