CARY, N.C. -

Though their net losses and losses from operations increased during the first quarter, both Shift and Vroom boosted their respective ecommerce unit sales by percentages that were in or near triple-digits.

The online used used-car marketplaces each reported their respective Q1 results Wednesday.

Starting with Shift, its quarterly revenue was a record $106.0 million, a 254% hike from Q1 2020.

 It has 5,979 total unit sales (up 181%), with ecommerce sales up 213% and making up 4,452 units of that total. Shift had 1,527 wholesale sales for a 116% gain.

Gross profits were at $7.37 million, up 120% year-over-year. Shift reported a $42.8 million net loss, versus the $12.3 million net loss a year ago.

Shift’s loss from operations was $43.97 million, compared to $11.09 million a year ago.

“In the first quarter we delivered extraordinary revenue growth, more than triple last year’s level, including strong sequential growth quarter over quarter. We also tripled our e-commerce unit sales, while keeping our margins strong,” Shift co-chief executive officer and co-founder Toby Russell said in a news release.

“We achieved these record results with focused execution on our business plan, rapid growth in our reconditioning throughput, and continued investment in differentiated technology, coupled with a new marketing strategy that we implemented in mid-February,” Russell said. “Given this trajectory, we are excited about driving strong performance as the year progresses.”

Over at Vroom, total revenues climbed from $375.77 million a year ago to $591.12 million in Q1. Its ecommerce revenue was at $422.31 million, compared to $233.17 million a year ago.

Total unit sales were up 65.6% at 25,920. Its ecommerce sales came in at 15,504 (up 95.5%), with wholesale sales up 84.4% at 8,641 units. TDA sales fell 41.5% at 1,775.

Total gross profits climbed 96.7% at $36.18 million. Vroom’s loss from operations was $75.5 million for the quarter, an 84.4% hike. Its net loss of $77.2 million was an 88% hike.

Vroom CEO Paul Hennessy said in a release: “Vroom delivered record results in the first quarter of 2021, with total gross profit nearly doubling versus the same period in the prior year as we delivered exceptional growth and improving unit economics. Our strong results were led by robust ecommerce unit growth of 96%, coupled with accelerating ecommerce gross profit per unit through the quarter.

“Demand for our convenient, online used-vehicle shopping experience remains strong in a dynamic environment, and we continue to reap benefits from scaling our hybrid, asset-light model,” he said.

“As we look ahead, we will continue to execute against our plan to increase the velocity of our flywheel by growing inventory, expanding reconditioning capacity, and investing in logistics and our end-to-end ecommerce experience, among other initiatives, to deliver an attractive offering for our customers and demonstrate improvement in our unit economics over time.”