Shift Experiences Major Growth; Expands Into New Markets

Total Page：16

File Type：pdf, Size：1020Kb

Shift Experiences Major Growth; Expands into New Markets April 23, 2019 E-Commerce Auto Startup Scales into New Markets SAN FRANCISCO, April 23, 2019 /PRNewswire/ -- Shift Technologies "Shift," an e-commerce platform on a mission to make car-buying convenient, fair, and accessible, today announced it has launched operations in Portland, Oregon, as well as Sacramento, California as it continues to experience strong growth. Responding to consumer demand, the company has expanded its car-buying and -selling service into Sacramento and Portland, transforming the used auto market for consumers in these regions. The addition of these new markets brings Shift's total count for operational markets up to nine, joining San Jose, San Francisco, San Diego, Los Angeles, Riverside, Orange County, and Oakland, California. "Consumers in these areas, as with our existing markets in California, desire the convenience of shopping at home and having the concierge come to them on their schedule," said Toby Russell, Co-CEO of Shift. "Shift is uniquely poised to bring the car-buying and -selling experience to them." In carrying out its Oregon operations, Shift will tap its ongoing collaboration with Medford-based automotive retailer Lithia Motors (NYSE: LAD), with which it entered into a partnership in September 2018. Lithia is the third-largest auto retailer in the country with 182 nationwide locations, reaching more than 80 percent of consumers in the United States. In 2018, Shift experienced significant growth, with 8,500 used cars sold in 2018, a 70% increase from 2017. This year, the company is projecting to sell approximately 13-15,000 cars and grow revenue between 60% to 75%. About Shift Shift is an e-commerce platform on a mission to make car-buying convenient, fair, and accessible for everyone. With instant quotes and at-home pickup, Shift saves sellers time and money. Buyers have access to Shift's bookable at-home test drives and white glove service. Shift's 150+-point inspection and five-day money-back guarantee help consumers buy and sell with confidence. Shift is backed by investors including Lithia Motors, Alliance Ventures, BMW iVentures, Goldman Sachs Investment Partners (GSIP), G2VP, DCM, Threshold (formerly DFJ), and Highland Capital. SOURCE Shift.

Copy Link

Recommended publications

Prospectus Dated May 12, 2017
Filed Pursuant to Rule 497 NexPoint Capital, Inc. Maximum Offering of 150,000,000 Shares of Common Stock Supplement No. 21 dated March 14, 2018 to Prospectus dated May 12, 2017 This supplement contains information which amends, supplements or modifies certain information contained in the Prospectus of NexPoint Capital, Inc. (the “Company”) dated May 12, 2017 (the “Prospectus”), Supplement No. 1, dated June 14, 2017, Supplement No. 2, dated June 28, 2017, Supplement No. 3, dated July 26, 2017, Supplement No. 4, dated August 23, 2017, Supplement No. 5, dated September 13, 2017, Supplement No. 6, dated October 20, 2017, Supplement No. 7, dated October 23, 2017, Supplement No. 8, dated November 15, 2017, Supplement No. 9, dated November 22, 2017, Supplement No. 10, dated November 29, 2017, Supplement No. 11, dated November 30, 2017, Supplement No. 12, dated December 6, 2017, Supplement No. 13, dated December 13, 2017, Supplement No. 14, dated December 20, 2017, Supplement No. 15, dated December 28, 2017, Supplement No. 16, dated January 4, 2018, Supplement No. 17, dated January 10, 2018, Supplement No. 18, dated January 24, 2018, Supplement No. 19, dated January 31, 2018, and Supplement No. 20, dated February 14, 2018. The Prospectus has been filed with the U.S. Securities and Exchange Commission, and is available at www.sec.gov or by calling us toll-free at (877) 665-1287. Unless otherwise defined in this supplement, capitalized terms used in this supplement shall have the same meanings as set forth in the Prospectus. You should carefully consider the “Risk Factors” beginning on page 31 of the Prospectus before you decide to invest in shares of our common stock.
[Show full text]
Shift Provisions for Electrician: Communication & System Installer in Inyo, Los Angeles, Mono, Riverside, San Bernardino, Sa
STATE OF CALIFORNIA EDMUND G. BROWN, JR., Governor DEPARTMENT OF INDUSTRIAL RELATIONS Office of the Director - Research Unit 455 Golden Gate Avenue, 9th Floor MAILING ADDRESS: P. O. Box 420603 San Francisco, CA 94102 San Francisco, CA 94142-0603 SHIFT PROVISIONS FOR ELECTRICIAN: COMMUNICATION & SYSTEM INSTALLER IN INYO, LOS ANGELES, MONO, RIVERSIDE, SAN BERNARDINO, SAN LUIS OBISPO, AND VENTURA COUNTIES ELECTRICIAN: SOUND ELECTRICIAN IN LOS ANGELES COUNTY Note: The shift provisions provided in the following pages provide guidance on the work hours that are applicable to each shift. Shift differential pay is required and will be enforced during each applicable shift where shift differential pay is in the determinations. Any shift provision restricting the work hours for a particular shift for a type of work will not be enforced on public works. However, if work is performed during hours typically associated with a 2nd or 3rd shift the appropriate shift rate of pay is required. Shift differential pay shall not apply to work during traditional shift hour (swing or grave) if the determination includes a footnote that indicates that the non-shift rate may be paid for a special single shift. Please note the exemptions in California Code of Regulations Section 16200 (a)(3)(F) do not waive the shift differential pay. These regulatory exemptions only apply to overtime pay. Overtime shall be required in accordance with the determination and Labor Code Section 1810 through 1815. 61-X-7 SO Southern California chapters of NECA & IBEW Local Unions singed to the Southern California 9tfi District Sound and Communications Agreement Addendum 1 to the 9th District Sound & Communications Agreement January 30, 2015 Director of Industrial Relations State of California Office of the Director - Research Unit, P.O.
[Show full text]
Police Staffing, Expenditures, and Workload: Staffing Reductions Have Impacted Response Times and Led to High Overtime Costs
Office of the City Auditor Report to the City Council City of San José POLICE STAFFING, EXPENDITURES, AND WORKLOAD: STAFFING REDUCTIONS HAVE IMPACTED RESPONSE TIMES AND LED TO HIGH OVERTIME COSTS Report 21-01 March 2021 This page was intentionally left blank Office of the City Auditor Joe Rois, City Auditor March 5, 2021 Honorable Mayor and Members Of the City Council 200 East Santa Clara Street San José, CA 95113 Police Staffing, Expenditures, and Workload: Staffing Reductions Have Impacted Response Times and Led to High Overtime Costs The City of San José Police Department (SJPD) has more than 1,700 sworn and non-sworn staff who provide public safety services to San José’s residents, including responding to calls for police services, investigative efforts, crime prevention and education, and regulatory services. The largest number of sworn officers is dedicated to supporting patrol efforts across the city and responding to calls for service. Civilian staff, which accounts for about one-third of SJPD’s staff, provide administrative support, perform crime prevention analysis, staff the Police Communications Center, and assist patrol staff through the Community Service Officer program. In total, the Department’s Adopted Operating Budget for FY 2020-21 was $471.5 million. The objective of this audit was to review and compare SJPD staffing, spending, and calls for service over time, including an allocation of staff by bureau or division, vacancies, and use of overtime. This audit was requested by multiple Councilmembers. As the City undergoes its reimagining community safety process, the information and recommendations in this report can provide insight into the Department’s staffing history, expenditures, and workload as it moves forward.
[Show full text]
Los Angeles Electric Vehicle Charging Infrastructure Needs and Implications for Zero-Emission Area Planning
WHITE PAPER JANUARY 2021 LOS ANGELES ELECTRIC VEHICLE CHARGING INFRASTRUCTURE NEEDS AND IMPLICATIONS FOR ZERO-EMISSION AREA PLANNING Anh Bui, Peter Slowik, and Nic Lutsey www.theicct.org [email protected] twitter @theicct BEIJING | BERLIN | SAN FRANCISCO | SÃO PAULO | WASHINGTON ACKNOWLEDGMENTS The authors thank Michael Nicholas and Dale Hall for input on underlying data and methods. This work is conducted for Los Angeles and was done in coordination with, and data support from, the Sustainability Office of Los Angeles Mayor Eric Garcetti. The conclusions are not necessarily endorsed by Los Angeles. The authors thank Michael Nicholas, Dale Hall, Marie Rajon Bernard, and Chih-Wei Hsu with the International Council on Clean Transportation and Jessica Jinn, Los Angeles Transportation Climate Advisor with the Natural Resources Defense Council, for their critical reviews and constructive input on an earlier version of the report. Their review and input do not imply an endorsement, and any errors are the authors’ own. International Council on Clean Transportation 1500 K Street NW, Suite 650, Washington, DC 20005 [email protected] | www.theicct.org | @TheICCT © 2021 International Council on Clean Transportation EXECUTIVE SUMMARY Los Angeles is taking a great leap with its commitment to increase the percentage of zero-emission vehicles on city roads to 25% by 2025, 80% by 2035, and 100% by 2050. The city’s goal to eliminate vehicle emissions is part of its vision to address climate change, improve air quality, and achieve environmental justice. The transition to zero-emission vehicles can be enabled by supporting infrastructure, incentives, and local policies to overcome electric vehicle barriers to ensure equitable zero-emission mobility access to all Angelenos.
[Show full text]
The California Vowel Shift in Santa Barbara Arianna Janoff Georgetown University
The California Vowel Shift in Santa Barbara Arianna Janoff Georgetown University Abstract The Northern California Vowel Shift was first noted by linguists in the late 1980s. The current study builds upon previous findings by investigating vowel systems in Santa Barbara. Using two reading passages, the vowel spaces of fifteen middle class, white, 20-30 year olds were examined at the midpoint of F1 and F2. The goal of this project was to determine whether the CVS is present and whether gender and other demographic variables are statistically significant. Quantitative analysis found that these speakers’ vowel systems exhibit the characteristics of front and back vowels in the CVS. Women have a lower and more backed /E/ realization than any other gender. Furthermore, women who stayed in California for college are more likely to have a complete split between pre- and non-pre-nasal /æ/ tokens. Men have /æ/ raised before /k/, which indicates that they may not have fully adopted the shift. 1 Introduction 1.1 Background The Atlas of North American English (ANAE; Labov et al. 2006) recognizes three major dialect regions: the North, the South, and the West. This is based on the three patterns within American English vowel spaces: the Northern Cities Shift, the Southern Shift, and the Low-Back Merger (Labov 1991; Labov et al. 2006). In particular, these distinctions are determined by the location of the low-front and the low-back vowels within the vowel space. The West, or “Third Dialect region”, is characterized by having a single phoneme for /O/ and /A/(Boberg 2005b).
[Show full text]
Economic, Fiscal and Social Impacts of Prevailing Wage in San Jose, California
ECONOMIC POLICY BRIEF APRIL 25, 2011 ECONOMIC, FISCAL AND SOCIAL IMPACTS OF PREVAILING WAGE IN SAN JOSE, CALIFORNIA INTRODUCTION In the city of San Jose and the surrounding metropolitan area, the construction industry carries considerable economic importance, • Over 5 years, estimated employing more than 30,000 people each year. The NOVA Workforce Investment Board described construction as a foundational occupation, increase in countywide creating the infrastructure necessary for the South Bay region to attract economic activity due to and grow driving industries. 1 prevailing wage for City of In this highly mobile industry, where paychecks depend on the weather San Jose buildings: and workers are employed only for the length of a construction contract, $164 million industry and community have developed tools designed to ensure safety and quality of work and to induce positive economic impacts from major o Estimated increase in construction projects. One such tool is prevailing wage on public works. local jobs: 1,510 Prevailing wage is an important economic development tool in the state o Estimated increase in of California. Both the state and the federal government utilize prevailing local tax revenues: wage policies which apply to taxpayer-funded public works projects receiving state or federal funds. Many local governments in the state have $1.9 million their own prevailing wage policies covering projects funded by local taxpayers. The City of San Jose’s prevailing wage policy was adopted in • Increase in local hiring on 1988; its statutory purpose is to ensure equitable and sufficient wages, libraries when prevailing protect local job opportunities, and stimulate the local economy.
[Show full text]
Language Shift Among China Born and United States Born Chinese Students in San Francisco: Cultural, Sociological and Educational Perspectives
The University of San Francisco USF Scholarship: a digital repository @ Gleeson Library | Geschke Center Master's Theses Theses, Dissertations, Capstones and Projects 1998 Language Shift Among China Born and United States Born Chinese Students in San Francisco: Cultural, Sociological and Educational Perspectives Irving Leung Follow this and additional works at: https://repository.usfca.edu/thes Part of the Education Commons The University of San Francisco LANGUAGE SHIFT AMONG CHINA BORN AND UNITED STATES BORN CHINESE STUDENTS IN SAN FRANCISCO: CULTURAL, SOCIOLOGICAL AND EDUCATIONAL PERSPECTIVES A Dissertation Presented to The Faculty of the School of Education International and Multicultural Education Department In Partial Fulfillment Of the Requirements for the Degree Doctor of Education by Irving.;.eung San Francisco, California December 1998 This dissertation, written under the direction of the candidate's dissertation committee and approved by the members of the commit tee, has been presented to and accepted by the Faculty of the School of Education in partial fulfillment of the requirements for the degree of Doctor of Education. The content and research methodologies presented in this work represent the work of the candidate alone. ) Dissertation Committee Chairperson ~~~Second Reader Third Reader TABLE OF CONTENTS Page CHAPTER I- The Research Problem Introduction .......................................... 1 Statement of the Problem .............................. 3 A Brief History of the Chinese People in America ............................
[Show full text]
Investments from Hedge and Mutual Funds Have Mushroomed This Year and So Have Deal Valuations
30 | VCJ | May 2014 www.vcjnews.com HEDGE FUNDS STORM INTO VENTURE Investments from hedge and mutual funds have mushroomed this year and so have deal valuations. Will it last? www.vcjnews.com May 2014 | VCJ | 31 Mark Boslet Institutional Venture Partners. “That works money in, meaning they had a major role Senior Editor as long as the market continues. As soon setting price and valuation, according to as the market changes, we often see these company press releases and news reports. You may disagree on whether Dropbox is funds pull back.” “You are seeing some willingness to worth an estimated $9.6 billion, Pinterest, Whether these funds will retreat is hard write large checks for select companies $3.8 billion, or Uber, $3.5 billion. to gauge. So far, there are mixed signals. with a winner take all paradigm,” said But you will agree on this: All are rich Tiger’s ability to close on a new $1.5 billion Timothy Keating, CEO of Keating Capital. valuations and a surge of pre-IPO money venture fund in April suggests access to “I do believe you are seeing some inflation is fueling them to extraordinary heights. capital is not likely a restraint. However, in those highly publicized companies.” One source of that money is hedge and Coatue in March said it planned to return Obviously, big valuations are not con- mutual funds, where deal activity has $2 billion to investors, suggesting second fined to hedge and mutual funds. Other soared this year. thoughts are creeping in. growth and late-stage investors have been What these non-traditional investors Up to now, it is hard to miss the height- active in these deals as well, including – Tiger Global Management, Coatue Man- ened role hedge and mutual funds have such firms as Kleiner Perkins Caufield & agement, TPG Capital, Fidelity Investments played this year.
[Show full text]
San Francisco Bay Area: Health Care Providers Shift Allegiances As Regional Networks Emerge
california Health Care Almanac regional markets issue brief december 2012 San Francisco Bay Area: Health Care Providers Shift Allegiances as Regional Networks Emerge Summary of Findings ▶▶ Shifting alignments among providers and growing Health care providers in the San Francisco Bay Area regionalization of provider networks. Since 2008, weathered the economic downturn better than providers dramatic changes have occurred in affiliations among in most other areas of California, in large part because the physician organizations — and in some cases, hospital downturn was less severe in the Bay Area. Still, a number of systems. New alignments have formed among major market trends and the expected effects of health reform have providers as they seek both to consolidate and expand pressured providers, leading to significant organizational their geographic reach. The result is a growing trend change in the provider sector since the region was last studied toward regionalization of provider networks across the in 2008. Bay Area, which historically has had many distinct geographic submarkets. Key developments include: ▶▶ Increased plan-provider collaborations to form ▶▶ Widened gap between have and have-not hospitals. accountable care organizations (ACOs). Under pressure Large systems, along with a few independent hospitals to keep insurance premiums in check, health plans and with geographic monopolies in affluent submarkets, were providers began joining forces to form narrow-network able to improve already strong financial performance even ACOs in 2011. It remains to be seen how successful these during the recession. In contrast, most county hospitals emerging ACOs will be in managing care — particularly and smaller independent safety-net hospitals that were in reducing inpatient utilization — and keeping within struggling in 2008 continue to struggle, and some in the their global budgets.
[Show full text]
Shift Provisions for Operating Engineer
STATE OF CALIFORNIA EDMUND G. BROWN JR., Governor DEPARTMENT OF INDUSTRIAL RELATIONS Office of the Director - Research Unit 455 Golden Gate Avenue, 9th Floor MAILING ADDRESS: P. O. Box 420603 San Francisco, CA 94102 San Francisco, CA 94142-0603 SHIFT PROVISIONS FOR OPERATING ENGINEER (SPECIAL SHIFT) OPERATING ENGINEER (MULTI-SHIFT) CRANES, PILE DRIVER AND HOISTING EQUIPMENT (OPERATING ENGINEER, SPECIAL SHIFT) CRANES, PILE DRIVER AND HOISTING EQUIPMENT (OPERATING ENGINEER, MULTI-SHIFT) BUILDING/CONSTRUCTION INSPECTOR , FIELD SOILS AND MATERIAL TESTER, and NON-DESTRUCTIVE TESTING (SPECIAL SHIFT) BUILDING/CONSTRUCTION INSPECTOR, FIELD SOILS AND MATERIAL TESTER, and NON-DESCTRUCTIVE TESTING (MULTI-SHIFT) IN IMPERIAL, INYO, KERN, LOS ANGELES, MONO, ORANGE, RIVERSIDE, SAN BERNARDINO, SAN LUIS OBISPO, SANTA BARBARA, AND VENTURA COUNTIES Note: The shift provisions provided in the following pages provide guidance on the work hours that are applicable to each shift. Shift differential pay is required and will be enforced during each applicable shift where shift differential pay is in the determinations. Any shift provision restricting the work hours for a particular shift for a type of work will not be enforced on public works. However, if work is performed during hours typically associated with a 2nd or 3rd shift the appropriate shift rate of pay is required. Shift differential pay shall not apply to work during traditional shift hour (swing or grave) if the determination includes a footnote that indicates that the non-shift rate may be paid for a special single shift. Please note the exemptions in California Code of Regulations Section 16200 (a)(3)(F) do not waive the shift differential pay.
[Show full text]
Participation in the California Vowel Shift by Korean Americans
languages ArticleArticleArticleArticle (Divergent)(Divergent)(Divergent)(Divergent) ParticipationParticipationParticipation Participation ininin inthethethe the CaliforniaCaliforniaCalifornia California VowelVowelVowel Vowel ShiftShiftShiftShift bybyby by KoreanKoreanKorean Korean AmericansAmericansAmericans Americans ininin inSouthernSouthernSouthern Southern CaliforniaCaliforniaCalifornia California 1, 2 JiJiJi Young YoungYoungJi Young Kim KimKim Kim 1, 1,1,1,*** and andand* Nicole NicoleNicoleand NicoleWong WongWong 2 22Wong2 1 Department of Spanish and Portuguese, University of California, Los Angeles, CA 90095, USA 111 1 DepartmentDepartmentDepartmentDepartment of ofofof Spanish SpanishSpanishSpanish and andandand Portuguese, Portuguese,Portuguese,Portuguese, Univer UniverUniverUniversitysitysity of ofof California, California,California, Los LosLos Angeles, Angeles,Angeles, CA CACA 90095, 90095,90095, USA USAUSA 2 Independent Scholar, Santa Clara, CA 95050, USA; [email protected] 222 2 IndependentIndependentIndependentIndependent Scholar, Scholar,Scholar,Scholar, Santa SantaSantaSanta Clara, Clara,Clara,Clara, CA CACA 95050, 95050,95050, USA; USA;USA; [email protected] [email protected]@gmail.com * Correspondence: [email protected] *** Correspondence:Correspondence:Correspondence:Correspondence: [email protected] [email protected]@[email protected] Received:Received:Received:Received: 24 2424 September SeptemberSeptember 24 September 2020; 2020;2020; 2020;Accepted: Accepted:Accepted:
[Show full text]