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AutoGravity Easy Car Loan Referral Service Gets More Traction

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AutoGravity iOS and Android apps for car shopping and financing is hitting fifth gear. Over a quarter million users – more than half of whom are millennials – have downloaded the apps. 

AutoGravity offers car buyers across the United States the ability to obtain up to four personalized finance offers on the vehicle of their choice – on average in under 10 minutes. Designed with state-of-the-art security, AutoGravity protects users’ information with advanced bank-level encryption and proprietary data security technologies, ensuring sensitive information is processed securely.

AutoGravity now has partner car dealerships of more than 1,400 franchise dealers.

Since launching in 2016, AutoGravity has achieved significant growth across the United States, securing partnerships with the nation’s top automotive lenders, as well as four of the top five national dealer groups, representing all new and used car brands available in the country.

Additional data driven findings from AutoGravity:

• New cars remain popular with boomers. AutoGravity data shows two-thirds of car shoppers ages 50+ who pursue financing do so for new vehicles. In contrast, only half of AutoGravity car shoppers ages 18 to 25 who pursue financing do so for new vehicles

• Japanese brands perform in California. Japanese economy and luxury car brands are more searched relative to American brands in California (as compared to the US overall)

• Economy cars continue to be a popular choice. Economy brands rank in the top four most searched for vehicles across the US – luxury car brands round out the top seven

• Millennials more cost sensitive than Gen X. Among car shoppers seeking financing on AutoGravity, millennials look to borrow ~15% less (finance amount requested) and seek to contribute ~25% less (cash down payment) relative to car shoppers ages 36+

AutoGravity is available for download on the Apple App Store and the Google Play Store.

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