TEMPE, AZ (3TV/CBS 5) — What do people typically do during Memorial day weekend? While lots of folks head to the lake, many others hit Memorial Day weekend sales. Well, one of the things flying off the shelves, so to speak, is used cars. Business is booming!
Almost half of all car shoppers — 43% — plan to buy this Memorial Day weekend, according to Cars.com, and 51% are willing to pay more for the car they want. Now, that’s probably music to a dealership’s ears. According to this survey, most buyers are looking at new cars. Just 24% are in the market for a used vehicle.
- New: 61%
- Used: 24%
- Certified pre-owned: 8%
- Undecided: 8%
When you look at what people are buying — gas versus hybrid — it’s a pretty even split. So, it seems the electric vehicles are…