Category: Announcements

Announcing Our Latest Fundraise

It was just a little over three years ago that we sold our first Shift car in San Francisco. Since that time, we’ve become the number one used car seller in the Bay Area, grown our team by 100x, and expanded to several new markets. It’s been a wild ride.

And thanks to some recent financing by leading investors, we’re in it for the long haul. Last month, BMW iVentures, DCM, G2 Ventures, Goldman Sachs, and Highland Capital invested more than $38 million in Shift’s Series C. To date, we have raised more than $110 million. Continue reading “Announcing Our Latest Fundraise”

8 Reasons Shift is the Simplest, Fairest Way to Buy a Used Car

From the beginning, we’ve believed that car buying should be simple and fair. In April, we wrote about our recent updates to Shift and how we’ve taken steps towards that goal.

Progress has continued in the months since, and while we aren’t anywhere close to done, I just wanted to take a step back and make 8 arguments for why we think that’s true: Continue reading “8 Reasons Shift is the Simplest, Fairest Way to Buy a Used Car”

Congratulations Minnie!

It was just three years ago this month that our team sold our first car using a new platform we were creating, and boom: Shift was born. But things were a lot different back in 2014. We were working out of my apartment living room and parking cars on the street (or in the Costco parking lot), and doing the sales ourselves, all because we had this crazy idea about transforming the used car industry. Needless to say, it was a wild first couple of months.

Since that time, we have become the largest used-car seller in the Bay Area, built an incredible team, expanded to new markets, brought on board great investors, and have thousands of happy customers. It’s an awesome time for Shift and we are all incredibly bullish about where we are headed. Continue reading “Congratulations Minnie!”

Navigate Car Loan Calculation More Easily with Shift

One of the most common discussions we have with customers deals with matching the right car to a given budget. It can be tough! We’ve seen cars that cost less than $10k, one car that cost $138k, and thousands of cars in between.

To help you better calibrate your car budget and get a better sense for the Shift inventory that matches it, we’ve created a quick and easy car loan calculator. Continue reading “Navigate Car Loan Calculation More Easily with Shift”

Shipping Shift: a Spring Product Roundup

Now that spring is upon us, the new season marks a moment for us to reflect on the past several months of product development at Shift. We’ve been hard at work filling in gaps to build Shift into a streamlined car buying experience for you: Continue reading “Shipping Shift: a Spring Product Roundup”

Two New Financing Options for Shift Customers: Ally and Santander

Starting this month, Shift customers will now have more options and a better chance at getting a low rate when financing their car. We’re happy to announce that Ally and Santander are joining Shift’s network of banks that will compete on your loan application. Continue reading “Two New Financing Options for Shift Customers: Ally and Santander”