IRVINE, Calif. — Fintech firm AutoGravity, the grand prize winner in F&I and Showroom magazine’s inaugural F&I Digital Media Awards, announced that its online car-buying platform has surpassed 1 million users.
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 10 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. The platform allows users to find and finance their car from their smartphone. 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.
Additionally, AutoGravity has built partnerships with many of the largest banks and financial institutions in the world, including Mercedes-Benz Financial Services, Volkswagen Credit and Hyundai Capital America. AutoGravity has also partnered with the Top 5 dealer groups in the U.S., building a network of more than 2,000 dealers.
For more, visit www.autogravity.com.
Originally posted on F&I and Showroom