The American Association of Motor Vehicle Administrators’ Private Party Sale Solution is nearing its launch in four states: Maryland, Massachusetts, Arizona, and West Virginia.
AAMVA is eyeing May for the Electronic Vehicle Sale Solution to go live, working with the states. The goal is to provide a secure, standard electronic process for motor vehicle agencies to facilitate vehicle sales between parties without reliance on paper titles.
“The solution allows jurisdictions to efficiently facilitate real-time vehicle sale transactions, which include user authentication, odometer disclosure and electronic vehicle record transfers. This process ensures that the new titling jurisdiction receives sufficient information to accurately title the vehicle within their authority,” according to a statement from the AAMVA.
AAMVA expects the move to e-titling to reduce fraud, improve efficiency and enhance consumer experience.
The Private Party Vehicle Sale is the first use case being addressed under AAMVA’s Electronic Vehicle Sale Solution.
“Private Party Vehicle Sale Solution includes business processes and procedures as well as systems needed to facilitate vehicle record transfer from one individual to another. This solution provides jurisdictions with implementation flexibility. They may choose to enable private party vehicle sales for interstate transfers, intrastate transfers, or both, based on their specific business needs and existing processes,” AAMVA said.
AAMVA noted its next priority in the continual development of electronic title solutions is used vehicle dealer sales.
“AAMVA is currently analyzing and designing a solution that will support dealer-to-private party and private party-to-dealer transactions,” the association stated. “As this use case moves forward, stakeholders will have opportunities to engage and provide input. AAMVA has already met with select dealers and dealer associations from the four participating jurisdictions – Maryland, Massachusetts, Arizona, and West Virginia – as well as from some other jurisdictions, and will continue engaging stakeholders to gather feedback.”
AAMVA hosts e-titling stakeholder webinars to share information about its work.
