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TrueCar, which publishes real-time vehicle transaction data in the US market for both new and used cars, has secured over $200 million in debt and equity financing to grow the business and explore acquisitions.
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It also said N.C.A.A. investigators were looking into more than 50 vehicle transactions involving Ohio State athletes, their families and friends, and two Columbus dealerships.
Arizona bills itself as the first state to set up a "multi-channel electronic service delivery system for motor vehicle transactions".
The data set contains 1.6 million vehicle transactions.
More than 1.6 million individual vehicle transactions make up the data set.
Non-repudiation for payment: A vehicle cannot deny of using the services because a log message is attached to ensure that the vehicle transactions are saved.
The company, which values and buys used cars from individuals, dealerships, and manufacturers, then sells them for a profit to other dealerships, says it facilitated 330,000 vehicle transactions on its platform last year.
The platform, not driver, determines pricing, plus the platform centralizes payments, driver verification, vehicle location, transaction terms, and customer support.
A Stanhope spokesman said: "Whitewood is a joint venture between Stanhope, AIMCo, and Mitsui Fudosan, the investors in Television Centre, and is a perfectly normal and lawful vehicle for transactions of this nature".
"Customers are delaying purchasing decisions and the lack of available credit at affordable rates remains a serious obstacle to the completion of vehicle sale transactions," said chief executive Nicholas Lancaster.
Existing companies making physical products that launch a new digital platform, such as an automobile manufacturer providing in-vehicle mobile transactions, present an intermediate case.
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