27 Sep, 2017, 06:00 ET
IRVINE, Calif., Sept. 27, 2017 /PRNewswire/ -- AutoGravity, a FinTech pioneer on a mission to transform car shopping and financing, today announced that it has reached $1 billion USD in finance amount requested on the AutoGravity platform. Additionally, AutoGravity has announced the launch of real-time inventory for new and used cars from partner dealership groups across the nation. Car shoppers can browse real vehicle inventory on dealership lots, find the specific car that's right for them and secure up to four finance offers in minutes on the AutoGravity smartphone app.
More over 750,000 car shoppers have downloaded AutoGravity, collectively requesting over $1 billion USD in financing. These users can now search inventory by car brand and model year – as well as characteristics such as body type, drivetrain and color. Car shoppers can find their desired car waiting for them on the showroom lot for the payment they want. With car selected and offers in hand, users can pick up their car and drive off the lot with the confidence of knowing they have secured a fair deal.
AutoGravity partnered closely with the largest dealer groups in the country to design a seamless process by which dealers can easily load inventory feeds, including vehicle details and pictures, to AutoGravity's secure platform. Inventory is updated and shown to users in real time.
"With over $1 billion in finance amount requested, AutoGravity is gaining momentum toward digitizing the car buying journey, and real-time inventory brings our award-winning technology to the next level," said Andy Hinrichs, founder and CEO of AutoGravity. "We worked closely with our dealer partners, including some of America's largest dealer groups, to give car buyers access to the showroom right from their smartphones. AutoGravity technology has made that possible."
Based in Irvine, California, AutoGravity uses industry-leading technology to revolutionize auto financing by connecting car shoppers directly with top lenders and dealers. With AutoGravity, car shoppers apply for financing on their smartphones and see up to four personalized car finance offers in minutes. AutoGravity empowers users to go to the dealer with qualified offers in hand.
AutoGravity is available for download on Apple devices from the App Store and Android devices from the Google Play Store.
AutoGravity is revolutionizing the way people buy and finance cars. Harnessing the power of the smartphone, AutoGravity technology provides a new level of transparency, convenience and speed to the car shopping and financing process. AutoGravity partners with the world's leading banks and financial services companies to give car buyers direct control over their car financing options while connecting them to a nationwide network of trusted car dealerships. Available on iOS, Android and Web, AutoGravity empowers car buyers with up to four binding offers in minutes. Based in Irvine, California, AutoGravity was founded by an international team of digital natives and auto industry veterans. For more information on AutoGravity, please visit www.autogravity.com and follow @AutoGravity on Twitter.
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