Used car prices soar 50% in Chattanooga, study says

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  • Used car prices soar 50% in Chattanooga, study says

A new study shows used car prices, driven by the lingering effects of the pandemic, have soared nationally and in Chattanooga.

According to auto research website iSeeCars.com, the average cost of a 3-year-old car in Chattanooga was $22,000 in 2019, but now the price has climbed to $33,000. That’s a 50% change, the study shows.

Also, while the price of a 3-year-old Hyundai Elantra was $12,000 in 2019 in Chattanooga, that sum today will get a buyer a 10-year-old Elantra, the…

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