AutoGravity Hits $1 Billion Mark
IRVINE, Calif. — AutoGravity announced it has reached $1 billion in finance amount requested through its proprietary F&I platform. The company also announced the launch of real-time inventory for new and used cars from partner dealership groups across the nation.
The new solution was designed to allow shoppers to browse 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 than 750,000 car shoppers have downloaded the app, collectively requesting over $1 billion USD in financing. 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, according to the company’s founder and CEO, Andy Hinrichs.
“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,” Hinrichs said. “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.”
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