Car Shift

Posted on  by admin
  1. Car Shifter Stuck
  2. Car Shift Lock

Mar 10, 2021 A single shift solenoid’s replacement cost is 100$ to 350$ and a shift solenoid pack costs 400$ to 700$, including transmission fluid, filter, parts, and labor work. The replacement cost of a shift solenoid replacement depends a lot on what car model and transmission model you have. TARAZON 73' Long Golf Cart Forward/Reverse Transmission Shift Cable for Club Car Carryall, Turf II, Turf II Plus, Replaces OEM#1015409 and 1015398-01. Local fintechs shift gears to service online car sales. Autozen will pick up the car in about a day, and payment is deposited into the seller’s bank account. Search listings from Shift in Auburn, WA to find the right vehicle for you. We analyze millions of used cars daily.

Shift
Type Public
Nasdaq: SFT
IndustryE-commerce, Automotive industry, transportation industry
Founded2014
FoundersGeorge Arison, Minnie Ingersoll, Christian Ohler and Morgan Knutson
HeadquartersSan FranciscoCalifornia, United States
Area served
urban areas of San Francisco Bay Area, Los Angeles, CA, Sacramento, CA, San Diego, CA, San Jose, CA, and Portland, OR
Websiteshift.com

Shift is an online marketplace for buying and selling used cars.[1] Founded in 2014, Shift is an American company based in San Francisco’s Mission District.[2] As of 2019, the company offers its services in San Francisco, Los Angeles, San Jose and San Diego, California as well as Portland, Oregon.[3][4]

The shift pattern refers to the layout of the gears. In a typical manual transmission car, first gear is located to the left, and forwards. In many trucks and some sports cars it is instead in a 'dog leg' position, to the left and rearwards.

History[edit]

Car ShiftOperations

Shift was founded in 2013 by: George Arison, Toby Russell, Minnie Ingersoll, Christian Ohler, Joel Washington and Morgan Knutson. The company was incorporated in 2014, and launched its first market of San Francisco in 2015.[5][6]

The company initially served as an intermediary that bought and sold used cars on a consignment basis.[7] The company then began acquiring cars outright and reselling them on its platform direct to buyers, removing the peer-to-peer consignment model.[8]

As 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. [6][9] As of 2019, Shift has raised approximately $300 million, a mix of debt and equity.

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. Through its merger with Insurance Acquisition Corp., Shift went public in October 2020 on the Nasdaq with a pro forma enterprise valuation of $415.9 million.[10][11]

Business model[edit]

Shift buys and sells used cars directly to and from consumers through its ecommerce platform.[6] It facilitate test drives, financing options, inspections, Department of Motor Vehicles interactions, detailing, pricing and merchandising.[12] Once Shift acquires a car, it inspects and repairs it through its regional reconditioning centers. 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.[6] 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.

References[edit]

Car Shifter Stuck

  1. ^'LA tech roundup: Shift comes to LA, Zest heads to China, & more'. Built in Los Angeles. Retrieved 1 July 2015.CS1 maint: discouraged parameter (link)
  2. ^'S.F. Auto Startup outgrows teen years with new Mission office'. San Francisco Business Times. Retrieved 31 July 2019.CS1 maint: discouraged parameter (link)
  3. ^'Bay Area car-selling marketplace to invest $20M in Virginia expansion'. Washington Business Journal. Retrieved 1 March 2016.CS1 maint: discouraged parameter (link)
  4. ^'Adios car dealers, there's a new kid in town'. The San Diego Tribune. Retrieved 11 December 2015.CS1 maint: discouraged parameter (link)
  5. ^'Online Used Car Startup Shift Adds Another $40 Million, Snags COO in Road to IPO'. TechCrunch. Retrieved 31 July 2019.CS1 maint: discouraged parameter (link)
  6. ^ abcd'Shift Technologies Raises $23.8 Million to Build Used Car Marketplace'. WSJ. Retrieved 18 November 2014.CS1 maint: discouraged parameter (link)
  7. ^Mac, Ryan. 'Shift Technologies Revs Up Online Car Marketplace With $50 Million Round From Goldman'. Forbes. Retrieved 2021-04-16.
  8. ^Lunden, Ingrid. 'P2P car marketplace Shift pauses DC operations, lays off 10% of staff'. TechCrunch. Retrieved 2021-04-16.
  9. ^'This Startup Drives Used Cars Right to Your Door'. Bloomberg Businessweek. Retrieved 1 September 2015.CS1 maint: discouraged parameter (link)
  10. ^Ravera, Davide. 'Shift: Underfollowed Stock With Great Growth And Valuation (NASDAQ:SFT)'. SeekingAlpha. Retrieved 2021-04-16.
  11. ^Staff, Reuters (2020-10-15). 'Online used-car seller Shift's shares fall in Nasdaq debut'. Reuters. Retrieved 2021-04-16.
  12. ^'On-demand used car buying and selling comes to L.A.'LA Times. Retrieved 26 June 2015.CS1 maint: discouraged parameter (link)

External links[edit]

Car Shift Lock

Retrieved from 'https://en.wikipedia.org/w/index.php?title=Shift_(business)&oldid=1019217343'