November 18, 2017

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AutoGravity Puts More Than One-Million Users In The Driver's Seat, Growing More Than Ten-Fold In Just One Year

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IRVINE, Calif., Nov. 13, 2017 /PRNewswire/ — AutoGravity, a revolutionary FinTech platform that empowers car shoppers to buy and finance any new or used car in minutes, has surpassed 1,000,000 users looking for the digital alternative to the car-shopping journey. AutoGravity empowers car buyers to browse thousands of cars and get up to four personalized finance offers on any vehicle in minutes — all in the palm of their hand. Launched in 2016, AutoGravity rapidly expanded from 100,000 users in its first six months to more than one million users less than a year later, growing its user base ten times in just one year.

“We empower car buyers, dealers and lenders with a cutting-edge digital retail solution,” said AutoGravity CMO, Serge Vartanov. “AutoGravity eliminates ambiguity by linking monthly payments to actual cars, saving consumers time and creating efficiency for dealers and lenders.”

In 2017 alone, AutoGravity users requested more than $1 billion in vehicle financing. By letting users find and finance their car from their smartphone, AutoGravity meets the increasing market demand for digital retailing and transparency in lending. AutoGravity features, including real-time inventory, streamline the car-buying process by showing users exactly which dealerships carry the cars they want and letting them search for financing from the same indirect lenders those dealerships work with. With finance offers in hand, AutoGravity users know their monthly payment – all they have to decide is whether to pick up their car or have it delivered to their home or office.

“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,” said Deb Tebbs, President and CEO of Cascade Sotheby’s International Realty. “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.

AutoGravity has built partnerships with many of the largest banks and financial institutions in the world, including key automotive lenders such as Mercedes-Benz Financial Services, Volkswagen Credit and Hyundai Capital America. Additionally, AutoGravity has partnered with the top five dealer groups in the U.S., building a network of more than 2,000 dealers. For more information about AutoGravity, please visit www.autogravity.com.

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