AutoGravity has reached over 1 million users on its platform where car shoppers can browse thousands of used-vehicles and get personalized finance offers in minutes.
Since launching in 2016, the company has grown its user base by ten times in just one year.
“We empower car buyers, dealers and lenders with a cutting-edge digital retail solution,” AutoGravity chief marketing officer Serge Vartanov said in a news release. “AutoGravity eliminates ambiguity by linking monthly payments to actual cars, saving consumers time and creating efficiency for dealers and lenders.”
This year, users have requested more than $1 billion in vehicle financing via the AutoGravity platform, according to the company.
AutoGravity provides car shoppers with real-time inventory and shows users which dealerships carry the cars they browse so they can search for financing from the same indirect lenders those dealerships work with regularly.
“I bought my car last week and used AutoGravity. I applied online on my phone at lunch and within 10 minutes I had a call from the dealership,” Deb Tebbs, president and chief executive officer of Cascade Sotheby's International Realty said in the news release.
“This was the easiest car purchase ever. AutoGravity shows users everything they need to buy any dealership car, down to the mileage, options and photos, and gives them the peace of mind of selecting the rate, lender and payment that's right for them, Tebbs continued.
AutoGravity’s key automotive lender partners currently include Mercedes-Benz Financial Services, Volkswagen Credit and Hyundai Capital America.
Additionally, AutoGravity has also built partnerships with the top five U.S. dealer groups, which includes a network of over 2,000 dealers.