News

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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On his days off, SC BBQ restaurant owner repairs cars and donates them to the needy | News

McCLELLANVILLE — When it came time for Eliot Middleton to get a driver’s license, his father, a mechanic, gave him two cars.

The catch, said Middleton, was that neither car worked. One needed an engine and the other needed a transmission, and it was up to him to make one working car out of the two.

He succeeded, and after graduating from Lincoln High School he trained to become an auto mechanic, then spent years working in or operating repair and transmission shops in the Charleston area.

These days Middleton, 38, co-owns and operates a barbeque restaurant in Awendaw, but he’s putting his automotive experience to good use. He repairs donated vehicles and gives them to people who need one through a nonprofit he established.

“This gives me a chance to work on cars again, at my own pace,” Middleton said.

At his mother’s blue cinderblock home in McClellanville, where

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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

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Car Talk: How soon is too soon to add highway miles to new cars? | News, Sports, Jobs

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