DeLorean Motor Company has introduced the first vehicle reservation marketplace powered by blockchain technology. Built on the Sui blockchain, known for its fast and scalable platform, this system allows customers to reserve cars and pay using cryptocurrency.
This new approach addresses common challenges in traditional car reservations, such as non-refundable payments, inflexible waiting times, and lack of user control during production delays. Early users are already trading reservation slots for the upcoming DeLorean Alpha5 electric vehicle, with some slots selling for up to $40,000—significantly more than the original $2,500 deposit.
All year one production slots have sold out, and the company plans to open reservations for year two builds in late 2025.
The marketplace enables buyers to directly buy, sell, or trade reservation slots using smart contracts, ensuring secure and instant transfers without intermediaries or hidden fees. Reservations are tradeable assets representing a customer’s position in the production queue. The platform supports both fiat currency and cryptocurrency payments, appealing to car enthusiasts, collectors, and the 560 million global cryptocurrency users.
Setting up a digital wallet is a simple process guided by the platform, making blockchain transactions accessible to users unfamiliar with cryptocurrency.
“What online banking did for finance, DeLorean is doing for car ownership,” said Evan Kuhn, President of DeLorean Labs. “DeLorean’s Marketplace makes vehicle ownership smarter, not harder.”
Customers who hold $DMC tokens linked to their reservations can earn staking rewards, which function like interest during the waiting period. This feature turns the traditional downtime of car purchases into a financial benefit.
DeLorean’s blockchain marketplace represents a forward-thinking innovation that could transform vehicle sales worldwide. The platform, built on the Sui network, is now live.
Explore more about premium car auctions powered by Supercar Blondie here.