George Arison, CEO of Shift, compares Shift's vehicle inventory age range against competitor Vroom's e-commerce inventory.
0:00 / 0:18exact quote · 18.0s
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“When you look at our inventory we have cars that are anywhere from zero to you know, 12 years in age, whereas Vroom only has cars that are roughly, you know, zero to four years in age because if there's no test drive involved, it's kind of hard to convince somebody to buy a car that's seven or eight years old”
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More from George Arison
PredictionHeld up
Used car demand will jump over the next two quarters
“So my hunch is that demand for used cars over the next couple of quarters is going to jump because of everything that's kind of going on.”
George ArisonNov 26, 2020▶ 8:25Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
PredictionHeld up
Arison: Used car demand will jump as consumers avoid rideshare
“And my guess is that people are also going to try to avoid transportation and avoid ride sharing, right? So my hunch is that demand for used cars over the next couple of quarters is going to jump because of everything that's kind of going on.”
George ArisonMar 18, 2020▶ 7:201698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
AssertionNot checkable as stated
Arison: Shift's pre-IPO unit economics are much stronger than Carvana's were
“Our unit economics generally have been a lot stronger than theirs were prior to IPO.”
George ArisonMar 18, 2020▶ 12:311698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
PredictionNot checkable as stated
Arison: Market will see 60-to-90-day fundraising freeze from COVID
“I think in practice, there's going to be a bunker mentality out there for 60 to 90 days. And so nothing's going to happen. And I think we all need to bunker down and kind of get ready for that.”
George ArisonMar 18, 2020▶ 19:531698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
Opinion
Arison: Online Auto Retailers Can Credibly IPO at 15,000 Annual Car Sales
“I think what really matters is volume. Like once you're past 15,000 cars a year, I think it's credible to go out public. At least based on what I'm hearing from investors, right? I've spent a lot of time with public market investors, and that's kind of their g…”
George ArisonMar 18, 2020▶ 25:071698 Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
AssertionNot checkable as stated
Shift's unit economics are much stronger than Carvana's were pre-IPO
“Our unit economics generally have been a lot stronger than theirs were prior to IPO.”
George ArisonNov 26, 2020▶ 13:31Shift Sells $200m Worth of Cars, Makes $30m, $225m Equity Raised, IPO Next?
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