Integrated sensing and communications (ISAC) is expected to play a major role in numerous future applications, e.g., smart cities. Leveraging native radar signals like the frequency modulated continuous wave (FMCW) waveform additionally for data transmission offers a highly efficient use of valuable physical radio frequency (RF) resources allocated for automotive radar applications. In this paper, we propose the adoption of higher-order modulation formats for data modulation onto an FMCW waveform and provide a comprehensive overview of the entire signal processing chain. We evaluate the impact of each component on the overall sensing performance. While alignment algorithms are essential for removing the information signal at the sensing receiver, they also introduce significant dispersion to the received signal. We analyze this effect in detail. Notably, we demonstrate that the impact of non-constant amplitude modulation on sensing performance is statistically negligible when the complete signal processing chain is considered. This finding highlights the potential for achieving high data rates in FMCW-ISAC systems without compromising the sensing capabilities.