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In this paper, we describe the results of a channel measurement and modeling campaign for the vehicle-to-vehicle (V2V) channel in the 5-GHz band. We describe measurements and results for delay spread, amplitude statistics, and correlations for multiple V2V environments. We also discuss considerations used in developing statistical channel models for these environments and provide some sample results. Several statistical channel models are presented, and using simulation results, we elucidate tradeoffs between model implementation complexity and fidelity. The channel models presented should be useful for system designers in future V2V communication systems.