CHICAGO, June 30, 2021 / PRNewswire / – Digital Automotive Market Leader and Solutions Provider Cars.comMT (NYSE: CARS) found that 44% of car buyers in the market plan to buy this July 4 weekend. Of these buyers, 53% intend to purchase a vehicle based in the United States.1
“As the pandemic threat abates, we are seeing some interesting ripple effects,” said Kelsey mays, editor of Cars.com for consumers. âThere is a shortage of inventory that drives people over long distances to find the vehicle of their choice; a resurgence of vacations with more domestic car travel; and the standardization of face-to-face shopping with a continued focus on âbuying localâ to support the US economy. “
July 4th Deals on Top-Manufactured Vehicles in the United States
Cars.com recently released its U.S. Manufacturing Index 2021 (AMI), which includes 90 cars that contribute the most to the U.S. economy based on criteria ranging from jobs in U.S. factories and manufacturing plants to parts sourcing. The index gives buyers information to buy the most manufactured vehicles in the United States and direct their economic impact closer to home. Incentives for some of the best vehicles in AMI 2021 include:
- Honda passport. One of four Honda models in the AMI’s top 10, the AlabamaThe Passport-built SUV ranks 9th on this year’s list. Rare for Honda, the Passport comes with a $ 1,250 cash discount down payment or rental aid. Alternatively, creditworthy buyers can obtain 0% financing for 36 months from Honda’s finance arm.
- Factory discount: $ 1,250
- Approximate price after savings: $ 32,500 at $ 48,500
- Approximate Factory Savings: 3-4%
- Offer ends: July 6
- Hyundai Sonata. the Alabama-built mid-size sedan landed at No.39 on the AMI list, and Hyundai currently offers $ 1,500 at $ 2,000 in most markets, depending on trim level. Buyers who finance at standard rates through Hyundai can get another $ 500 in most areas. Alternatively, creditworthy buyers can get 0% financing for 60+ months $ 1,000 cash bonuses and in some regions, deferred payments for the first 90 days on a variety of Sonata versions. Offers in most areas exclude the Sonata N Line. Data from Cars.com shows the Hyundai Sonata is average 95 days on reseller lots, which means buyers should find a good supply of this midsize sedan.
- Factory discount: $ 1,500 at $ 2,000 in most areas, excluding financing bonuses
- Approximate price after savings: $ 23,500 at $ 33,500 in most areas
- Approximate factory savings: 5-7% in most areas
- Offer ends: July 6
- Toyota Avalon. Assembled in Georgetown, Ky., Toyota’s full-size sedan sees $ 1,500 at $ 2,000 in most areas, although some offers require buyers to finance at standard rates through Toyota. In most areas, buyers who finance or lease their Avalon can also get another $ 1,000, although some areas restrict the bonus to certain versions. Alternatively, creditworthy buyers can get 0.9% financing for 60 months in most areas, although a few areas have higher rates or no offers at all.
- Factory discount: $ 1,500 at $ 2,000 in most areas, excluding financing premiums
- Approximate price after savings: $ 35,000 at $ 44,500
- Approximate Factory Savings: 3-5%
- Offer ends: July 6
Americans hit the road in droves this independence weekend
While some Americans are looking to buy cars, many more are considering leaving the city. In fact, 59% plan to travel this weekend (up from 56% for July 4, 2020), and of this group, 90% plan to travel by car.2 As vaccinations continue to roll out and pandemic restrictions recede, 62% of travelers plan to move as far from their homes as possible. Of all survey respondents, 56% said they were fully immunized2, up from 40% just before Memorial Day weekend.3
1 Cars.com survey conducted June 24-25, 2021; 1,013 responses.
2 Cars.com survey conducted June 23, 2021; 1,013 responses.
3 Survey conducted by Cars.com May 8-11, 2021; 1,365 responses
CARS is a leading digital marketplace and solutions provider for the automotive industry that connects car buyers with sellers. Launched in 1998 with the flagship Cars.com market site and based in Chicago, the company provides buyers with the data, resources and digital tools needed to make informed purchasing decisions and seamlessly connect with auto retailers. In a rapidly changing market, CARS enables dealers and OEMs with innovative technical solutions and data-driven intelligence to better reach and influence ready-to-buy buyers, increase inventory turns and gain market share. market.
In addition to Cars.com, CARS brands include Dealer Inspire, a technology provider that builds solutions that empower dealerships with more efficient operations and connected digital experiences; FUEL, which empowers dealers and OEMs to harness the untapped power of digital video by leveraging the sheer audience of car buyers in the Cars.com marketplace, and DealerRater, a platform for reputation management and review of leading car dealerships.
SOURCE Cars.com Inc.