Online auto financing platform AutoGravity reached a new threshold.
The company said on Wednesday that it has surpassed $1 billion in finance amounts requested on the AutoGravity platform.
Additionally, AutoGravity has announced the launch of real-time inventory for new and used vehicles from partner dealership groups across the nation. Shoppers can browse real vehicle inventory on dealership lots, find the specific model that's right for them and secure up to four finance offers in minutes on the AutoGravity smartphone app.
More than 750,000 shoppers have downloaded AutoGravity, collectively requesting more than $1 billion 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.
Shoppers can find their desired vehicle waiting for them on the showroom lot for the payment they want. With the unit selected and offers in hand, users can pick up their vehicle and drive off the lot with the confidence of knowing they have secured a “fair deal,” according to AutoGravity which has partnered closely with the largest dealer groups in the country to design a seamless process by which dealers can easily load inventory s, including vehicle details and pictures, to AutoGravity's secure platform.
“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 chief executive 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,” Hinrichs added.