Various recent intelligent transport system projects are promoting vehicle safety and efficient vehicular traffic control all over the world. One of ITS applications is a system that solves road traffic problems by using vehicular communications technology. Inter-vehicle communication (IVC) is the communications technology for vehicles to exchange moving vehicle information by wireless networks without any base stations. The Vehicular Ad-hoc Network (VANET) is expected to provide new applications for passengers of vehicles by enabling vehicles to communicate with each other via IVC as well as with roadside base stations via roadside-to-vehicle communications. However, when each vehicle transmits its own information to neighboring vehicles, the amount of information being transmitted increases significantly. To solve this problem, we present a novel real-time recognition method for vehicular traffic congestion via VANET with IVC. Vehicles collect the original GPS information of other vehicles by communicating with each other, and they create content that may be useful for drivers by analyzing that original information. The proposed method can reduce the information amount and deliver the analyzed contents to other vehicles efficiently. Computer simulation results show that the proposed method provides real-time information of vehicular accidents and traffic congestion to distant vehicles accurately.