Auto Tech Investments Take Center Stage

Part II of the all-digital Auto Intel Summit’s live sessions begins with a look at the role of venture capital in the world of automotive technology.

The “Auto Industry Venture Capital Fireside Chat — Exploring the 2020 Environment” session will be moderated by Spiffy co-founder and CEO Scot Wingo and include the following panelists from the investment community:

The session is set for 11 am (ET) on Aug. 24, following opening words from Cherokee Media Group president Bill Zadeits.

 See the full agenda HERE!

Idea Fund Partners and Bull City Ventures Partners are both based in North Carolina, where CMG and Spiffy are both headquartered.

Bull City Venture Partners is located in Durham, which is a growing area of tech startups and part of North Carolina’s Research Triangle region, while Idea Fund Partners has a presence in both Durham and a few hours west in Charlotte, a major banking and financial hub.

Spiffy, also headquartered in North Carolina’s Research Triangle region, started as a mobile car-care company, but has since expanded rapidly into Fleet Management as a Service and other aspects of automotive tech and vehicle disinfectant services.

In the automotive space, many may recognize Greenfield from his executive posts at Autotrader and TrueCar.

He is currently chief executive officer and founder of Automotive Ventures LLC, an automotive technology advisory company that advises entrepreneurs looking to raise money and boost the value of their companies.

Greenfield also helps PE firms conduct due diligence on automotive technology acquisitions. He provides strategic advice to technology chief executive officers, and he helps represent sellers at the time of sale.

 There’s still time to get access content to sessions on-demand, and Part 2 live sessions starting the week of August 24! Click here to register

AIS 2020 Goes All Virtual — Registration for All Digital Access Now Open

Registration for the virtual 2020 AIS Part 1 and Part 2 is open! Experience AIS from the comfort of your home office!

Thank you, as we navigate all the new updates and produce an even more valuable AIS 2020 event. We look forward to interacting and discussing the key challenges and opportunities in auto for 2020 with you across an entire month.” — Bill Zadeits, Chair, Auto Intel Summit

Agenda

Our updated AIS 2020 agenda includes leaders from across the auto industry, including top dealers, fintech innovators, digital retailing experts and more. With names like the NCADA, GM Financial, J.D. Power, TD Auto Finance, AutoFi and many more populating the agenda, we are looking forward to launching discussions and forming new ideas focused on the future of auto beyond 2020.

Scott Mathis, CISO, RBC US

Here’s a rundown of some of the top live, virtual keynote sessions included across AIS Part 1 and Part 2:

• Some GOOD Remarkable Financing: Despite having our world turned upside down, the auto financing industry was able to immediately respond to the quickly evolving circumstances brought on by the pandemic. Each key operational area – sales, credit, servicing, loss management and remarketing – adjusted and responded with a keen focus on the consumers’ needs. Now, buoyed with a stronger partnership with dealers, there is an unprecedented opportunity to pave new roads in the customer journey of buying and financing a vehicle. While it can be expected that there will be some thorny bumps and unexpected speed zones to navigate, the road ahead looks pretty good.
• Stay Competitive by Utilizing DMA Data: In the post-coronavirus climate, transparency matters more than ever. Gain a leg up on the competition by tracking the sales and shopper trends in your unique DMA. Utilizing industry data keeps your finger on the pulse of increased shopper engagement, in-demand brands and models, and your overall sales progress compared to the greater market. Use this invaluable perspective to stay competitive, reach your audience, and utilize your marketing budget as you continue to ramp up inventory sales.

Alisha Buelt, Senior Vice President of Global Strategy, Acertus

• Jump Starting Your Business After COVID-19: Jeremiah Wheeler, of DRN, will discuss the impacts of COVID-19 on auto collections and recoveries. With fewer cars on the road and more staying parked due to business closures and shelter-in-place orders, vehicle location data may be more accurate than ever. This can help lenders and recovery agents more efficiently locate borrowers and vehicles. In addition, DRN has used its exclusive data and analytics to study how borrowers have relocated during the shutdown. All of these powerful insights can play a meaningful role in our partners’ strategies as they plan to restart their businesses safely and effectively.
  
• Today’s Auto Dealerships: Managing Disruption, Innovation and the Digital Marketplace: Learn more about this dealer panel session (the 2019 discussion was one of the top attended AIS sessions).
• Auto Industry Outlook: Navigating a Challenging Landscape: The auto industry landscape has changed radically in the span of mere months. The ongoing impact of the COVID-19 pandemic remains the single biggest challenge facing the global economy and the auto industry in generations. As the industry navigates the current environment, the focus will shift from one of lockdown and containment to reengagement and eventual recovery.  This session will assess the current state of affairs and discuss what we can expect going forward.
• Auto Industry Venture Capital Fireside Chat — Exploring the 2020 Environment: Explore auto investing trends in a discussion led by Raleigh entrepreneur Scot Wingo, along with partners from some of North Carolina’s leading venture capital firms.
• Leading the Auto-Finance Business into the Next Decade: Experience leads to growth. Growth proceeds leadership. And experienced leadership can provide key insight into the steps it takes to push auto fin companies to success — and what it takes to truly change the auto-finance landscape. Come learn from seasoned auto-finance experts from institutions like GM Financial, Wells Fargo, TD Auto Finance and more, to gain a full-perspective view on what to pay attention to and implement in auto finance.
• Digital Retailing Panel: Moderated by AIS Conference Chair Bill Zadeits, featuring Market Scan President and Co-Founder Rusty West and friends.
• The Auto Intel Council Explores the Edge of Auto Innovation: The Auto Intel Council is designed to provide the auto industry and its stakeholders with unique insights on key topics shaping the business. This year, AIS 2020 is capitalizing on this priceless insight for a panel discussion that includes the leading intelligence companies in the automotive space. Hear from experts navigating the present and strategizing on the future of auto. The council currently includes the following members: DRN, Equifax, IBM, KAR Global and MBSi Corp.

• Mike Buckingham, Managing Director, PIN Auto Finance, JD Power
• Joe St. John, Head of Digital Retail, AutoFi
• Scott Mathis, CISO, RBC US
• Pratik Patel, founder and CEO, RideKleen
•  Ryan Robinson, Global Automotive Research Leader, Deloitte
• Alex Yurchenko, VP, Data Science, Black Book
• Alisha Buelt, Senior Vice President of Global Strategy, Acertus

Fintech Solutions Front & Center at AIS — Streamlining the Digital Finance Process

As we first recently released the Auto Intel Summit 2020 agenda, we highlighted the 10+ digital-retail focused workshops on the lineup.

Now, we are going to turn to cover another key topic that makes up the backbone of AIS: That’s fintech solutions.

Early bird registration for the Auto Intel Summit, April 14-16 in Raleigh, N.C., is open through March 6.

Fintech. It seemed like it happened overnight (all right, maybe more like a couple of years). That’s all it took for fintech to be an accepted term, in the auto industry and beyond. And this umbrella of technology that eases and streamlines the financing process across industries has been top of mind for many companies and institutions looking to stay competitive in today’s market.

Brendan Flynn, Chief Growth Officer, Carlabs.ai

That’s especially true for the auto industry, as auto retail heads more and more down a digital route. And consequently, less and less of the vehicle-purchase process — wholesale or retail — is taking place at the dealership or auction lanes.

Fintech solutions are that bridge between the physcial institution and digital-finance success. Read on for fintech highlights from the AIS 2020 agenda.

AIS agenda in Focus — Fintech SolutionS

AIS FINTECH WORKSHOPS: 

• AI In Auto Finance Collections and Servicing: A Roadmap to Success; Mike Trainor, Vice President, S&A Communications; Sean Bennett, VP of Business Technology, Servicing Solutions; Nathan Anderson, Sales Director, Interactions
• Driving AP Automation in the Automotive Market; Patsy Price, Director of Operations, Peterson Auto Group
• A Powerful Funding Alternative for Dealers; Jim Bass, SVP, Finance, Agora Data
• Putting the Trust Back in Vehicle Valuations; James Vecchio, President and Co-Founder, EpiAnalytics Inc.
• The Importance of Transparency and Simplicity; Michael Mohr, Director of Finance, ACV Auctions
• Better CX for Less Money with Conversational AI; Brendan Flynn, Chief Growth Officer, Carlabs.ai

AIS EXPERT FINTECH PANELS 

Marc Womack, Chief Operating Officer, TD Auto Finance

• • Leading the Auto-Finance Business into the Next Decade 
    • Sharon Mancero, Senior Vice President, Wells Fargo Preferred Capital
    • Mark Olson, SVP, Southeast Dealer Finance Group Manager, PNC
    • Bill Williams, Product Director, Chase Auto Finance, at JP Morgan Chase & Co.
    • Marc Womack, COO, TD Auto Finance
  • The Emerging 8 Talk Auto Biz Evolution — New Leaders in Fintech Dissect the New Decade
    • Chris Ciccone, Director of Content and Vehicle Data, Roadster
    • Bill Liatsis, CEO, CreditIQ
    • Daniel Parry, Chief Executive Officer, TruDecision
    • Frank McKenna, Chief Strategist, PointPredictive

The next AIS blog post will launch our new Auto Intel Demo Dash opportunity, coming to AIS this spring. Do you have a new technology or product you want to get in front of the high-level, tech-minded AIS audience? This is your chance. Stay tuned!

Be part of the @AutoIntelSummit 2020 conversation.
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This is the Last Week to Enter the AIS 2020 Call for Speakers

Do you have something to say on where you think digital retail is heading? Or perhaps you and your company has been tracking the auto-fintech solutions market closely and foresee upcoming trends that may significantly change the way the auto-retail industry does business. Or perhaps you are an auto industry veteran — or the leader of a start-up — that’s navigating the changing mobility landscape and has something new to share.

The AIS Call for Speakers closes January 31st!

Sound like you? Great. the AIS 2020 team would like to hear from you! This is the last week to respond to the Auto Intel Summit Call for Speakers. Yep. That’s right — your opportunity to grace the AIS 2020 stage closes this Friday!

Here’s what we are looking for: Auto leaders that bring new insights to our audience that they have never heard before. Yep, that’s our goal. We are in search of never-before-seen presentations that are designed to “turn the dial on auto innovation,” according to AIS conference chair Bill Zadeits.

Marguerite Watanabe, President, Connections Insights, at the 2019 Automotive Intelligence Summit, July 23-25, 2019, at the Marriott in Raleigh, NC.

Our workshops and general sessions are not designed to be sales or product pitches. This event brings educational, actionable content together from some of the auto industry’s top thought leaders, analysts and strategists. The AIS audience is a high-level, tech-focused audience, and they are looking for something novel  — insight and data key to the future of auto as we know it.

AIS will be held in April this year, 14-16, in Raleigh, N.C.! The Early bird rate — available now — saves you $400 off on-site registration!

We are planning on releasing this year’s agenda in early February, but to give you a feel for how the agenda is shaping up so far, here are our confirmed speakers for 2020:

Already confirmed for our 2020 April agenda are: 

• Jim Bauman, Automotive Partnerships Lead, Uber
• Sean Behr, President, STRATIM
• Laurie Foster, Founding Partner, Foster Strategies Group
• Quin Garcia, Managing Director, Autotech Ventures
• Morgan Hansen, Senior Director, Data Science, ALG
• Zarif Haque, Chief Executive Officer, DRAIVER
• Bill Liatsis, CEO, CreditIQ
• Scott Mathis, CISO, RBC Bank US
• Frank McKenna, Chief Strategist, PointPredictive
• Lonnie Miller, Principle Industry Consultant, SAS
• Daniel Parry, Chief Executive Officer, TruDecision
• John Possumato, CEO, DriveItAway Inc.
• Ryan Robinson, Global Automotive Research Leader, Deloitte
• Tarry Shebesta, CEO, TruPayments
• Mike Wall, Director, Automotive Analysis, IHS Markit
• Marguerite Watanabe, President, Connections Insights
• Marc Womack, COO, TD Auto Finance

If you would like to see your name among the above, respond the AIS 2020 call for speakers today!

If you have any questions on the submission process please reach out to myself, AIS Content Director, at srubenoff@cherokeemediagroup.com. 

Be part of the @AutoIntelSummit 2020 conversation.
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AIS 2020 Looking for Speakers On the Cusp of Fintech, Digital Retail Innovation

Alright, it’s off to a great start — we’re all still pumped about the new year! (We hope so; if not, cmon, folks, it’s only been six days!). But even if your New Year’s resolution only lasts about a week into 2020, we won’t judge you.

The AIS 2020 Call for Speakers Closes on Friday, January 31st!

The team at the Auto Intel Summit is much more interested in where you are putting your time and energy when it comes to your career — and whether you may have a pulse on the next big thing for 2020 in auto.

Why? Well, the AIS 2020 call for speakers is open until the end of the month! And we want to make sure we once again find the brightest and best minds for this year’s event — those sitting on the boards, and leading the companies on the cusp of innovation for fintech and digital retailing.

These two topics will serve as the backbone of the upcoming 2020 event, scheduled this year for April 14-16 at the Crabtree Valley Marriott in Raleigh, N.C. — an event that is designed to explore what’s next for the automotive industry.

This year in particular, has the opportunity to take a look at the future of these topics and more, such as compliance and regulations, connectivity, mobility, and predictive analytics, as we enter a brand new decade of the 21st century.

At the 2018 Automotive Intelligence Summit July 24-26 in Raleigh, NC.

What will the next 10 years look like for the automotive industry? You tell us, by responding to the AIS call for speakers 2020 today.

Still not sure if you fit the bill for AIS 2020, or need some ideas on potential hot topics?

Check out just a few headlines below from Cherokee Media Group editors, and content from analysts and leaders from across the industry that explores some of the latest in auto tech & trends:

• The future of vehicle information: “The cars of today are essentially computers on wheels, and the way we buy and sell them is quickly evolving as well.”

• New eBay Motors App: User can buy, sell vehicles with AI: Through new AI-driven vehicle pages, users can populate and showcase a vehicle for purchase. They can also refine the inventory of cars and trucks shown to them based on preference.

• Inside the quarterly results & over-arching trends at online auto marketplaces: Explore recent results and developing trends at publicly traded online auto marketplaces CarGurus, Cars.com and TrueCar.

The AIS 2020 Early Bird Registration rate is available through March 1!

• Mercedes-Benz, Bosch automated ride-hailing pilot enters new stage: Mercedes-Benz and Bosch have been working together for more than two years to develop products for automated driving in cities. Now, the two companies say their joint project has entered a new stage.

• Consumer data in used cars putting dealers, remarketers at risk: Remarketers and dealers reselling vehicles without first erasing consumer data captured in onboard computers and convenience systems may put themselves at risk of violating consumer protection laws, said an expert in automotive-vehicle consumer data removal and consumer privacy protection.

See here to review some of the top presentations from AIS 2019. Then, if you’re ready to put your name in the ring for 2020, see here! 

Be part of the @AutoIntelSummit 2020 conversation.
#AutoIntelSummit

AIS 2019 to Explore Data Privacy & Cybersecurity from Key Angles

There’s no denying it. Big data, and the resulting applications and technology has not only made consumers’ lives easier, but has also created new revenue streams for enterprises across all sectors.

That said, the explosion of data has also created concerns around data privacy and cybersecurity, and has gotten the attention of regulators. The result has been new laws on the books like the California Consumer Protection Act of 2018, known as the CCPA.

This is why data privacy will be front and center at AIS 2019. We will explore the privacy implications of the explosion of big data and analytics, as well as how data privacy will continue to be more and more of a challenge, especially for dealers, auto finance companies and OEMs as online retailing grows in popularity.

The CCPA and other initiatives are a result of the growing concern about the need to manage and protect an individual’s personal data. Many other countries have already put laws into place to tackle this challenge, although the U.S. still doesn’t have any laws on the books regarding data privacy at a federal level, according to the report. The CCPA is likely the first of many at the state level.

Register today for AIS 2019 to save $200 of on-site registration!

AIS will explore data privacy and cybersecurity from a variety of different angles. Hear from attorneys, auto finance professionals, lawmakers and more. Here are the data privacy highlights for the July 23-25 event in Raleigh, N.C.:

• Data Privacy meets Regulatory Oversight in Debt Collection: Not to stray too far into the Marvel universe, but with big data “comes big responsibility.” The possibility of data science and big data are seemingly endless — but with that comes challenges to data privacy.  Hear from the experts on the intersection of data privacy, including attorneys and the Co-Author of the California Consumer Privacy Act.

Mary Ross, President of Californians for Consumer Privacy, and former CIA Counterintelligence Officer and Counsel on the House Intelligence Committee, will explore the intersection of data privacy and big data

• Getting Prepared for Data Privacy in Debt Collections: The California Consumer Privacy Act goes into effect on Jan. 1, 2020, and the operational impacts on first-party lenders and their third-party vendors are significant. Are you prepared? Join an informative presentation and discussion regarding the impact we’re seeing from different angles, including legal, data privacy, technology and strategy, led by the founder and CEO of Intellaegis/masterQueue, John Lewis.
• Legal Issues of Selling Online: In this interactive session, attorney Jason McCarter will survey important legal implications and best practices for digital retailing and related remarketing services. Discussion will include cross-border concerns, licensing, state form requirements, collateral liquidation issues, privacy policies and dispute considerations.  Attendees will be better prepared to spot and mitigate legal risks after the session.

Ryan Bachman, SVP Global Chief Information Security Officer, GM Financial

• Fireside Chat: Cybersecurity for the Future of Auto: Discover the answers to the most pressing cybersecurity issues that the auto and auto finance industry are facing. Where and what cybersecurity technologies are receiving the most investment, and why? Find out at AIS 2019, and explore the complexity and importance of the intersection of data privacy and cybersecurity with Ryan Bachman, SVP Global Chief Information Security Officer, GM Financial; and Bill Zadeits, Chair, Auto Intelligence Summit.

Join the @AutoIntelSummit conversation.
#AutoIntelSummit

Predictive Analytics Will Make Auto’s Future More Profitable & Efficient

If you haven’t already, take some time to check out the Automotive Intelligence Summit Agenda here!

The Automotive Intelligence Summit focuses on the future of the automotive sphere through eight different lenses we call the AIS Core Topics: Connected Mobility, Fintech Solutions, Transportation Research, Economic Forecasts, Predictive Analytics, Mergers & Acquisitions, Compliance & Regulations and Investment Capital. In today’s blog post, we’re highlighting the topic of Predictive Analytics.

Predictive analytics will smooth over so many pain points throughout the automotive industry. Combining data, statistics, model simulations and artificial intelligence to make predictions about the future, predictive analytics can help foresee changes in vehicle supply, demand, financial markets and other seemingly chaotic systems. With predictive analytics, you aren’t just reacting to changes as they occur; the hope is to anticipate developments in finance or the auto industry and equip yourself with strategies to weather those changes or, even better, profit from them.

Here are a few workshops on the AIS agenda this summer that will address Predictive Analytics…

Wouldn’t you like to know which customers you can convert the second they enter your showroom? Artificial intelligence holds a key to that reality. LotLinx President Eric Brown insists machine-learning AI will open a new era of selling cars, and with his session, “How AI Can Identify Imminent Purchase Intent,” he’ll do his best to convince you of that, too. Artificial intelligence optimizes to the dealer’s marketing and promotional environment against their available inventory. Furthermore, by flipping the paradigm on digital marketing strategies, Brown contends you can more easily pinpoint “needles in the haystack” and sell them the car they want and need. This optimization results in significant increased levels of marketing proficiency, which equals less spend for the dealer and higher returns on capital. Furthermore, with AI, you have little to lose and a lot to gain — Brown suggests a hike in sales velocity by as much as 78% and 80% cost reduction when AI correctly identifies buyer intent.

Along similar lines as Brown, Amy Hughes and Matthew Kolodziej — both of Experian’s dealer intelligence team — contend that knowing the online activities of “high-value users” can help you sell more cars with just a bit of additional tweaking. In their joint presentation, “Unlocking the Mystery: How Sales-Based Attribution Transforms a Dealer’s Bottom Line,” Hughes and Kolodziej will divulge the findings of a study observing how analytics can improve dealership performance, as well as point out which marketing activities most effectively lead directly to more sales.

Consumers are not one-dimensional, and neither are their credit profiles. As such, auto applicants should not be viewed only through traditional credit data but also alternative data. In a nutshell, that represents the crux of Equifax Vice President of Auto Data & Analytics Peter Oburu’s argument in his presentation, “How to Use Alternative Data to Impact Profitability.” Oburu will discuss why alternative credit-data sources, such as phone and cable TV payment histories, are gaining greater acceptance among automotive lenders to improve everyday decision-making, increase profitability by maximizing opportunity in the auto lending market and make better risk assessment and improve decision-making and lending.

Some dealers and lenders may ask themselves, “Can vehicle information help assess the creditworthiness of borrowers? What vehicle types are associated with better credit performance? How economically significant is vehicle information?” If you find yourself wondering about similar issues, you can’t miss Moody’s Analytics Lead Auto Economist Michael Vogan present “How Vehicle Information Informs Credit Risk Measures.” In this session, Vogan will describe how vehicle information, including residual price forecasts, lifts the ability of traditional credit scores to classify borrowers from most likely to default to least likely.

Do you have any questions about predictive analytics? Ask them in the comments below! That’s what we’re about with AIS… For all your questions, all the right answers.

Want to learn more about the Automotive Intelligence Summit? Sign up on the home page to receive notifications for AIS updates. Already convinced you want to attend? Then you can register here. The early bird registration period lasts through June 22.

8 Core Topics Driving the Future of Automotive

Seemingly constant innovation, disruption and technological advance instills a whirlwind atmosphere in the automotive sphere, and the Automotive Intelligence Summit seeks to provide answers to your questions about the future of the auto industry. In order to distill all that wild change and data into actionable insights and tangible knowledge, we’ve laid out eight core topics upon which the speakers and presenters at AIS will focus.

Predictive Analytics

Like those old Nationwide Insurance commercials stated, “Life comes at you fast.” It’s never been as true as it is now. But with predictive analytics, you can better prepare for shifts in the automotive world.

Generally speaking, predictive analytics is the combined use of data, statistics, model simulations and artificial intelligence to make predictions about the future — an extremely valuable resource in these dynamic times. With predictive analytics, you aren’t just reacting to changes as they occur; the hope is to foresee developments in finance or the auto industry and equip yourself with strategies to weather those changes or, even better, benefit from them.

Fintech Solutions

As you likely know (or could at least guess), “fintech” is simply the portmanteau of “financial technology;” with the advent of technologies like blockchain and cryptocurrencies, fintech solutions are necessary to improve and protect this new mode of financial services, especially in auto finance.

Just as an example, one of the most talked-about innovations in the financial world right now is the idea of blockchain — the buzzword of the hour for quite a few hours now. What is blockchain, and how can it revolutionize auto finance as we know it? It will surely play into the presentations of those speakers focusing on fintech solutions.

Transportation Research

With the ongoing approach of automated vehicles, electric/hybrid cars and transport, ride-sharing and other innovations, transportation research must accompany these disruptions before and as they occur in order to make these revelatory advances safer, more efficient and more effective. Data points that might be discussed in transportation research could include rates of use for mass transit, the state of ownership of personal vehicles and other emerging technologies that could impact the way we approach driving, shipping and more.

Investment Capital

Money rules the world. It especially rules the world of the automotive future. With so many fresh disruptors and startups arriving on the scene in recent years, the need for investment capital will only increase as we move forward.

Everybody wants to profit off the Next Big Thing, and each new company hopes to be that Next Big Thing. In this climate, investment capital becomes the bridge between this symbiotic relationship, providing startups with the push they need to break the big time and, thus, venture capitalists with a return on their investment.

Connected Mobility

The vehicle of the future depends upon connected mobility. Whether that means your Tesla receives remote software updates or an autonomous vehicle can link up with the upcoming 5G network, connected mobility will play an enormous role in the next decade and has already become a major talking point in the auto industry. For example, all the major operating systems of the autonomous vehicle, from GPS to its AI, depend fully on the concept of connected mobility.

Mergers & Acquisitions

These days, mergers and acquisitions might seem as natural as death and taxes. It plays into the concepts connected with investment capital — Company A likes Company B’s big idea, and they’ve got the capital for it, they’re going to get in on it… except a bit further than just plugging money into the company. As a relatively recent example, IHS — parent company of Carfax — purchased similar Canadian company CARPROOF late in 2015 and in mid-March of this year, CARPROOF announced a full rebranding to CarFax Canada, effective in October. These sorts of deals will only increase as startups of all kinds decide to cash in with more established businesses and corporations.

Economic Forecasts

Who doesn’t want to know how financial markets will behave in the future? With help from predictive analytics, economic forecasts are a highly helpful resource, impacting confidence in auto finance and other AIS core topics.

Whether it’s looking at the supply of and demand for electric vehicles in the coming years or the swings of Wall Street and its effect on investment capital, predictions for the money markets across the country, continent and world will help determine the future of automotive and auto finance itself.

Compliance & Regulations

Boring? Maybe. But we won’t shame you if you’re a policy wonk — quite the opposite, in fact. Knowledge of compliance and regulations is of paramount importance when considering all the changes coming to the auto industry.

Instead of looking at compliance and regulation in a reactive fashion, we must anticipate the need for regulatory compliance. Think of the fatal Arizona Uber debacle — with further research and sturdier regulations, this tragedy could’ve been avoided. At the same time, though, Forbes reported that Arizona would become the first American “regulatory sandbox” for fintech. In short, regulatory compliance doesn’t have to be restrictive; it can herald innovation.

If you’re interested in the future of the automotive space, make sure you attend the Automotive Intelligence Summit, July 24–26 at the Marriott Crabtree Valley in Raleigh, N.C. Register online by June 22 to enjoy $400 off the onsite registration rate.