Several wireless systems such as Dedicated Short Range Communication (DSRC), cellular, Wi-Fi, Bluetooth, and the Tire Pressure Monitoring System (TPMS) can be found on modern vehicles. In the future, Software Defined Radio (SDR) technology could be integrated into automobiles to increase the efficiency and adaptability of wireless communications systems. SDR is also a powerful tool for designing and testing new communications protocols. However there are also some security considerations associated with SDR. This paper will review some advantages of using SDR technology in the automotive domain as well as potential security issues. The authors are currently conducting research into the use of SDR technology to model wireless systems and investigate security threats in modern vehicular systems.