Lithia invests in alliance with used-car startup

Jackie Charniga

September 17, 2018 05:00 AM

Shift Technologies' appraisal algorithms and consumer-controlled online platform helped it quickly become one of the largest used-car retailers around Silicon Valley. So Lithia Motors Inc. CEO Bryan DeBoer posed this question in a meeting with Shift's senior leadership: Why haven't you scaled up that model at a faster pace?

Featured Stories

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

U.S. tariffs on imported vehicles are in effect, with parts duties following soon

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

What vehicle parts are now subjected to tariffs? Powertrain, suspension, safety and more

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

MSRP and dealers and finance, oh my! Why tariff price impacts may vary

Here’s our list of the 2025 Top 150 dealership groups

Here’s our list of the 2025 Top 150 dealership groups

Latest News

Yukon cuts Elon Musk’s companies from rebates in response to U.S. tariffs

Toyota puts $7,900 premium on GR Supra final edition for $69,085 sticker price

Live updates on tariffs: Reactions and fallout as auto tariffs take effect

Stellantis laying off nearly 1,000 workers in U.S. as tariffs pause production at some plants in Canada, Mexico

Staying current is easy with newsletters delivered straight to your inbox.

See More in Used Cars

Carvana is testing new-vehicle sales in Arizona. Here are 3 things to know.

Daily 5 report for Feb. 26: Used-car prices surge after the L.A. wildfires; GM dividend boost yields yawns on Wall Street

Carvana expects Q1 lift in used-vehicle sales, will ‘wait and let’s see’ on tariffs

Four things to know ahead of Carvana’s fourth-quarter earnings report

Staying current is easy with newsletters delivered straight to your inbox.