Chattanooga

Which used cars in Chattanooga have had the biggest price increase?

Average used car prices are up 25% in Chattanooga from a year ago as shortages of computer chips and other supplies limit the inventory of new cars and car replacement parts.

A new study of more than 1.9 million car and truck sales last month by the online website iSeeCars found the typical used vehicle sold in Chattanooga in November for $6,410 more than the average used car price a year earlier. Nationally, used car prices rose even more, increasing an average 27.9%, or $6,939 compared to last year.

“Used car prices had drifted down, slightly, since they peaked in June, but they are back on the rise again,” said Karl Brauer, an analyst for iSeeCars. “With microchip shortage-related plant shutdowns persisting throughout the year, automakers have not kept pace with pent-up demand, and lingering supply constraints that are expected to continue well into 2022.”

Brent Morgan, president of Integrity

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Chattanooga Motorcar Festival is back after one-year hiatus

Detroit might be the nation’s car capital, but for the next three days Chattanooga will be America’s automotive showroom and playground.

Up to 40,000 auto enthusiasts are expected to flood the city to attend the 2021 Chattanooga Motorcar Festival, which begins at 8 a.m. Friday downtown.

Barry White, chief executive officer of the Chattanooga Tourism Co., said the economic impact of the festival on the city has been estimated at $4.8 million.

“We expect it to be bigger and better than before,” he said. “People will be exposed to cars they may never see again in their lifetimes.”

The festival launched in 2019, but a planned 2020 motorcar festival was canceled due to the pandemic.

Organizers are taking over sections of downtown, which will become a virtual automotive theme park to benefit neuroscience research, including the search for an Alzheimer’s disease cure.

Events this year will include racing, showing

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What are the fastest selling cars and trucks in Chattanooga?

Sep. 22—New and used cars continue to sell at a brisker pace in Chattanooga than the U.S. average, according to vehicle sales data compiled in August by the automotive website iSeeCars.com.

In Chattanooga, the average new car sold in 15.2 days, or 41.5% faster than the U.S. average sales period for new cars of 26 days. Used cars in Chattanooga, on average, sold in 28.3 days, or nearly a week quicker than the 34.6-day average for the nation as a whole.

Nationwide, both new and used cars sold slightly quicker in August than in July, according to iSeeCars.com data.

“The microchip shortage is showing no signs of slowing down as major automakers continue to halt production, leading to lower and sometimes scarce inventory levels, especially for the most in-demand vehicles,” said iSeeCars Executive Analyst Karl Brauer. “It looks like car buyers who were initially waiting for prices to drop

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