buyers

The biggest mistakes buyers make when shopping for an electric car

Electric cars continue to drive their way into the mainstream, and as sales grow we want to help steer you away from any potential mistakes so you can make the right car buying decision that works for you.

Sales of electric vehicles, or EVs, grew five times as fast as sales of gasoline-powered cars, according to data from Autotrader parent Cox Automotive. Still, EVs remain a small percentage — a little under 3% — of the cars Americans currently drive.

Automakers debuted dozens of new electric cars this year. There’s now an electric model available, or on the way soon, in almost every market segment.

Less than $20,000 to spend? Get a Nissan Leaf. Want to spend six figures and set 0-60 mph records? Get a Tesla Model S Plaid or a Porsche Taycan.

Want something functional for a small family with a little bit of style? Try the soon-to-arrive 

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Car buyers are giving up as chip shortage dwindles new car inventories further

Car dealership

The days of cars stocked in the back are no longer.


Ken Biddulph/EyeEm/Getty Images

It’s no secret the new car buying process is currently a challenge. With no end in sight to the semiconductor chip shortage, new car inventories remain thin and average prices inch up from the $40,000 mark. Now, new data shows car buyers are starting to simply throw in the towel on the process. According to Kelley Blue Book and Cox Automotive data from Tuesday, nearly half of new car shoppers are walking away.

Instead, they’re prepared to postpone their new car search for months in hopes the chip shortage will ease and supplies help find an equilibrium once again. “The latest KBB research indicates that most consumers anticipate negative impacts on the automotive market due to the chip shortage, from increased prices to inventory shortages and longer delivery times,” said Vanessa Ton, senior industry

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Car Buyers to Find Sparse Lots This Labor Day Weekend – What’s News

This transcript was prepared by a transcription service. This version may not be in its final form and may be updated.

Marc Stewart: Walmart raises its minimum wage. Plus, more automakers cut production amid the global chip shortage and how that’s making it even harder to buy a car.

Nora Naughton: If you find a car that works for you, you should really walk away with it in that moment.

Marc Stewart: And why some Millennials are taking a break from work. It’s Friday, September 3rd, I’m Marc Stewart with the Wall Street Journal. Here’s the A.M. edition of What’s News, the top headlines in business stories moving your world today.
We begin in Japan, where prime minister Yoshihide Suga said he won’t seek re-election as ruling party leader later this month, effectively ending his term after just a year in office. Suga’s decision to step down may bring

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Inventory Shortages Drive Car Shoppers to Neighboring States: Cars.com Reports 10% of Recent Buyers Traveled Across State Lines to Purchase a Car | News

– June 10, 2021

Car Supply Shortage Squeezes Sellers and Shoppers as Cars.com Finds Nearly 1 in 3 Recent Buyers Drove 100 Miles or More for the Car They Want1 

CHICAGO, June 10, 2021 — According to recent research from leading digital automotive marketplace and solutions provider Cars.comTM (NYSE: CARS), nearly 10% of recent car buyers drove out of state to purchase their desired vehicle, with more than half (52%) of those traveling 25 miles, nearly 20% traveling 50 miles and 13% of buyers traveling more than 250 miles to a dealership due to ongoing new- and used-car inventory shortages.

“With the current auto inventory challenges, recent car buyers are going to great lengths to find the car they want,” said Kelsey Mays, Cars.com assistant managing editor, news. “I don’t anticipate this trend slowing down, either. Of consumers currently in the market and shopping for a car,

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