Used car eCommerce platform Shift has tried out another way to make it convenient for consumers to sell their cars. Already offering its customers the opportunity to get an estimated price for their car online and then complete the transaction at one of its locations...
The automotive evolution to Digital 3.0 revved a little higher Monday (June 29) as online car sales platform Shift announced it will go public in the third quarter via a complicated reverse merger arrangement. The company announced that it will merge with Insurance Acquisition Corp....
With Vroom motoring its way to a high-valuation IPO, it’s a good time to take stock of how a digital model for buying cars survived and thrived in the most challenging business environment of the digital era. “The digital model was in a lot of...
In a time period dominated by retail sales declines, the hardest hit has been the automotive industry. While March retail sales dropped 8 percent overall, new cars dropped as much as 36.9 percent for some brands as dealerships were shut down due to concerns over...
August 09, 2022
End-to-end eCommerce company Shift Technologies has announced that it will merge with used vehicle consignment business CarLotz, a press release from the company said. The merger aims to consolidate Shift’s acquisition engine and presence on the West Coast along with CarLotz’s consignment relationships and retail locations in the mid-Atlantic region. Shift also has a new […]
January 26, 2017
Shift, the peer-to-peer car marketplace startup, is engaging in downsizing, laying off workers and pausing operations temporarily in Washington, D.C. According to a report by TechCrunch, Shift confirmed it laid off a little...
