Shift completed the merger with CarLotz.

Shift, an end-to-end ecommerce platform for buying and selling used cars, completed the merger with CarLotz, a consignment-to-retail used vehicle marketplace. Financial terms were not disclosed. “The Shift and CarLotz teams have admired each other and our respective businesses for quite some time. We’ve always seen a considerable amount of strategic and cost synergies with a combined entity. We are strongly convinced that the merger will put us in a position to pursue a profitable future. As such, this is a transformative moment in Shift’s history by enabling us to advance our vision to be the end-to-end destination for car ownership that controls its own destiny," George Arison, Shift Co-Founder and CEO.