SOURCE: Shift

Shift

December 11, 2015 14:22 ET

San Francisco-Based Shift Brings Car Selling Operations to San Diego

Expansion From Greater Los Angeles Area Allows San Diego Car Owners a Better, More Lucrative Way to Sell

SAN DIEGO, CA--(Marketwired - Dec 11, 2015) -  Shift Technologies "Shift" (driveshift.com), a San Francisco-based startup that combines technology and a team of car concierges to take the hassle and guesswork out of buying and selling a car, today announced that it has expanded its seller operations to San Diego. Now, with the touch of a button, people across San Diego will have access to Shift's seller's tool and proprietary pricing algorithms, allowing them to sell their cars seamlessly, while earning thousands more, on average, than through a traditional dealer. 

"After opening a hub in Los Angeles, we knew we wanted to expand to the San Diego market as soon as possible," said George Arison, co-founder and CEO of Shift. "Car ownership is a necessity in Southern California, and our expansion into San Diego improves the experience of owning and selling a car for those to whom driving is essential."

Shift's expansion into San Diego comes after its recent hub opening in Sacramento, establishing the company's greater footprint across the state of California. Operations in San Diego will draw primarily from Shift's major hub location in Los Angeles, helping the company in its plans to sell more than 500 cars each month by the end of 2016.

Shift provides the best experience and value for both buyers and sellers through their comprehensive concierge service, which includes free on-demand test drives, on-site appraisals and car pick-up. Sellers are guaranteed a minimum sale price for their vehicle and earn, on average, $1,500 more with Shift than through traditional car sales methods, while buyers pay an average of $2,000 less than the dealership retail price. Shift also manages the entire buying and selling process, ranging from routine inspections to detailing and DMV paperwork. In the event that Shift does not have the right car on-hand, a Shift Car Enthusiast will work with the buyer to find them the perfect ride.

The San Diego expansion contributes to its plans to operate in 20 markets by the end of 2016. Since June 2014, Shift sales have grown 50x. The company has raised more than $73 million in total funding, with $23.8M in its Series A round, led by DFJ and Highland Capital, and $50M in Series B financing, led by Goldman Sachs Investment Partners.

About Shift
Shift Technologies Inc. is a San Francisco-based company rethinking the experience of car ownership. The company has created a new peer-to-peer marketplace that takes the hassle and guesswork out of buying or selling a car. From getting the car ready for sale to managing inquiries and handling test drives, Shift saves sellers time while helping them to secure the best price for their car. Buyers have access to Shift's fleet of knowledgeable Car Enthusiasts who deliver on-demand test drives and white glove service without pushy sales tactics. Plus, Shift's 150-point inspection and seven-day money back guarantee helps a buyer purchase with confidence. For more information please visit driveshift.com and follow us on Twitter at @driveshift.