Shift F&I revenue increases as it prioritizes direct from consumer purchasing

Co-CEO Toby Russell is stepping down

© Can Stock Photo / Nneirda

Shift Technologies increased its finance and insurance (F&I) revenue and e-commerce sales as it continued to expand its national footprint in the third quarter.  The e-commerce platform’s “other revenue,” which includes F&I, clocked in at $6.2 million, up 205% year over year. Other adjusted gross profit per unit came in at $982 in the quarter, “our highest quarter result to date,” Chief Financial Officer Oded Shein said on Thursday’s earnings […]

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