SHIFT USED CARS FREE
Potential buyers can even book a free test drive straight from their mobile device and sellers can schedule an evaluation of their car. Starting today, people looking to buy or sell a used car on Shift can do so all from their phone. Shift - which was founded by three ex-Googlers in 2013 and most recently raised $50 million in 2015 - is trying to take that one step further with a new app. Retrieved 26 June 2015.So it’s not hard to understand why people might find the many online used car marketplaces appealing. ^ "On-demand used car buying and selling comes to L.A." LA Times.^ "Shift closes purchase of Fair's technology, expects to pilot dealer-listings marketplace in Q2".^ "SoftBank Loses in Fair's Sale of Some Auto-Leasing Assets to Shift"."Online used-car seller Shift's shares fall in Nasdaq debut". "Shift: Underfollowed Stock With Great Growth And Valuation (NASDAQ:SFT)". ^ "This Startup Drives Used Cars Right to Your Door".^ "Adios car dealers, there's a new kid in town".
^ "Bay Area car-selling marketplace to invest $20M in Virginia expansion". Auto Startup outgrows teen years with new Mission office". ^ "LA tech roundup: Shift comes to LA, Zest heads to China, & more". As of March 2021, cars sold through Shift were purported to include a seven-day, 200-mile return policy and a 30-day powertrain guarantee. From there, the company lists cars on its website where consumers can purchase the car online or book a test drive appointment in their local area. Once Shift acquires a car, it inspects and repairs it through its regional reconditioning centers. It facilitate test drives, financing options, inspections, Department of Motor Vehicles interactions, detailing, pricing and merchandising. Shift buys and sells used cars directly to and from consumers through its ecommerce platform. In 2022, Shift announced an agreement to acquire the dealer listing marketplace assets of Fair Technologies, which will enable dealers and independent sellers to list their cars alongside Shift’s own inventory. In 2021, Shift posted $637 million in revenue, which represented over 3 times year-over year growth. in October 2020 it was listed under the ticker SFT with a valuation of $415.9 million. Following the completion of the merger with Insurance Acquisition Corp. In June 2020, Shift announced that it would engage in a merger with a special purpose acquisition company (SPAC) called Insurance Acquisition Corp., then a public company listed on the Nasdaq under the ticker symbol INSU. As of 2019, Shift has raised approximately $300 million, a mix of debt and equity. Īs a private company, Shift received funding from Lithia Motors Inc., Goldman Sachs Investment Partners (GSIP), Draper Fisher Jurvetson (DFJ), Highland Capital Partners, SV Angel, Great Oaks Venture Capital, DCM Ventures and others. 
The company then began acquiring cars outright and reselling them on its platform direct to buyers, removing the peer-to-peer consignment model. The company initially served as an intermediary that bought and sold used cars on a consignment basis.
The company was incorporated in 2014, and launched its first market of San Francisco in 2015. Shift was founded in 2013 by: George Arison, Toby Russell, Minnie Ingersoll, Christian Ohler, Joel Washington and Morgan Knutson.
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