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Study says nearly half of consumers plan to preorder their next new car

Will you preorder your next car online, and maybe even buy it fully digitally?


Caiaimage/Martin Barraud

For decades, American car sales have followed a script: Hopeful buyers head to their local dealership, stroll the aisles and aisles of shiny new sheetmetal, test-drive a couple of models, sign on the dotted line and drive home in their new vehicle. But that process is changing, according to a new study from Cars.com. Today, fully 41% of survey respondents say they plan to preorder their next vehicle. And among the 16% of shoppers questioned who actually already preordered a new vehicle, 98% enjoyed the experience and said they’d do so again.

The study suggests that the reasons for this go beyond inventory shortages wrought by the COVID-19 pandemic and supplier issues that include the semiconductor production crisis. Cars.com says “work-from-anywhere culture” and innovations in car-shopping technology — especially online purchasing are

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Plan for electric car showroom in Mishawaka appears to be dead

The former JC Penney Home Store in Mishawaka is shown in November. The "high-end" electric vehicle car showroom that was supposed to locate here has pulled out of the deal, according to the developer.

The former JC Penney Home Store in Mishawaka is shown in November. The “high-end” electric vehicle car showroom that was supposed to locate here has pulled out of the deal, according to the developer.

MISHAWAKA — Plans for an “electric car company” showroom and automotive center — long-rumored to be Tesla — at the former JC Penney Home Store site at Grape and Cleveland roads appear to be dead.

Chris Sotos, representing Key Development Partners, the firm developing the project, confirmed on Tuesday the contract with the electric car company — which was never officially named — was terminated this past summer. He did not provide any other details.

Related: Council OKs ‘high-end’ electric car showroom, service center in Mishawaka. Is it Tesla?

The car company, which was believed to be Tesla, had proposed leasing the 35,500-square-foot JC Penney building from Key Development, and razing the smaller building to the

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43% of Car Shoppers Plan to Buy This Memorial Day Weekend, But It’s an Even Better Time to Sell, Reports Cars.com

CHICAGO, May 26, 2021 /PRNewswire/ — Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, according to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS). However, shoppers may have better luck selling their vehicle to a local car dealership. With vehicle inventory levels falling, the demand for used cars is up, giving consumers a prime opportunity to get substantially more for their current vehicle given used-car list prices have increased 14% since January.2

“Memorial Day weekend is traditionally a very active car-shopping holiday with significant discounts offered across the industry, but the global chip shortage and huge consumer demand continues to impact both new and used dealer inventory,” said Kelsey Mays, Cars.com’s assistant managing editor. “A few attractive deals still exist this holiday among the more than 2 million cars for sale on Cars.com,

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43% of Car Shoppers Plan to Buy This Memorial Day Weekend, But It’s an Even Better Time to Sell, Reports Cars.com | News

– May 26, 2021

As inventory levels fall 33% for new and 28% for used cars, local dealers are paying consumers more for their used trade-in vehicles.1

CHICAGO, May 26, 2021 — Car shoppers are ready to take advantage of Memorial Day weekend deals — if they can find them, according to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS). However, shoppers may have better luck selling their vehicle to a local car dealership. With vehicle inventory levels falling, the demand for used cars is up, giving consumers a prime opportunity to get substantially more for their current vehicle given used-car list prices have increased 14% since January.2

“Memorial Day weekend is traditionally a very active car-shopping holiday with significant discounts offered across the industry, but the global chip shortage and huge consumer demand continues to impact both new and used dealer

Read More