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 have embraced the reality that inventory shortages are here to stay, at least for the next several months."
The fastest-selling vehicles in Chattanooga in August were:
1. Toyota RAV4, 4.2 days
2. Toyota Tacoma, 4.9 days
3. Acura MDX, 6.9 days
4. Toyota Highlander, 7.6 days
5. Ford F-150, 9.4 days
1. Chevrolet Equinox, 14.5 days
2. Honda Accord, 16.9 days
3. Jeep Wrangler Unlimited, 21.3 days
4. Nissan Sentra, 23 days
5. Chevrolet Silverado 1500, 24.9 days