{"id":674,"date":"2026-02-20T03:11:00","date_gmt":"2026-02-20T03:11:00","guid":{"rendered":"https:\/\/blog.utc.edu\/crer\/?p=674"},"modified":"2026-05-24T03:19:40","modified_gmt":"2026-05-24T03:19:40","slug":"2-20-26-chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9","status":"publish","type":"post","link":"https:\/\/blog.utc.edu\/crer\/2026\/02\/20\/2-20-26-chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9\/","title":{"rendered":"2\/20\/26: Chattanooga Buyers Weigh Car Loans as New Vehicle Prices Near $49,000 and Rates Hit 9%"},"content":{"rendered":"<div class=\"wp-block-image\">\n<figure class=\"alignleft size-large is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"565\" src=\"https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655-1024x565.png\" alt=\"\" class=\"wp-image-675\" style=\"aspect-ratio:1.8008862629246676;width:393px;height:auto\" srcset=\"https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655-1024x565.png 1024w, https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655-768x424.png 768w, https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655-580x320.png 580w, https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655-610x337.png 610w, https:\/\/blog.utc.edu\/app\/uploads\/sites\/152\/2026\/05\/Screenshot-2026-05-23-231655.png 1074w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><\/figure>\n<\/div>\n\n\n<p>A story on NewsChannel 9 about the affordability of new cars featured <a href=\"https:\/\/www.utc.edu\/gary-w-rollins-college-of-business\/crer\/people#HowardJWallDirectorandChiefEconomist\">CRER director and chief economist Howard Wall<\/a>. <\/p>\n\n\n\n<p><em>&#8220;Most people buy a car they borrow, and interest rates are something like 9% on average, and that&#8217;s a lot higher than it was pre-pandemic.&#8221;<\/em><\/p>\n\n\n\n<p><em>&#8220;Don&#8217;t borrow too much, because interest rates are high. And then, you know, don&#8217;t get a car loan for six years, because your car, if you&#8217;re on a budget, isn&#8217;t going to last six years.&#8221;<\/em><\/p>\n\n\n\n<p>Watch the story here.<a href=\"https:\/\/newschannel9.com\/news\/local\/chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9\">https:\/\/newschannel9.com\/news\/local\/chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>A story on NewsChannel 9 about the affordability of new cars featured CRER director and chief economist Howard Wall. &#8220;Most people buy a car they borrow, and interest rates are something like 9% on average, and that&#8217;s a lot higher than it was pre-pandemic.&#8221; &#8220;Don&#8217;t borrow too much, because interest rates are high. And then,&hellip; <\/p>\n<p class=\"more-link-wrap\"><span><a class=\"more-link button text\" href=\"https:\/\/blog.utc.edu\/crer\/2026\/02\/20\/2-20-26-chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9\/\"><span>Continue Reading <\/span><\/a><\/span><\/p>\n","protected":false},"author":2009,"featured_media":675,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[2],"tags":[],"class_list":{"0":"post-674","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-media","8":"entry"},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>2\/20\/26: Chattanooga Buyers Weigh Car Loans as New Vehicle Prices Near $49,000 and Rates Hit 9% - Center for Regional Economic Research<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/blog.utc.edu\/crer\/2026\/02\/20\/2-20-26-chattanooga-buyers-weigh-car-loans-as-new-vehicle-prices-near-49000-and-rates-hit-9\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"2\/20\/26: Chattanooga Buyers Weigh Car Loans as New Vehicle Prices Near $49,000 and Rates Hit 9% - Center for Regional Economic Research\" \/>\n<meta property=\"og:description\" content=\"A story on NewsChannel 9 about the affordability of new cars featured CRER director and chief economist Howard Wall. &#8220;Most people buy a car they borrow, and interest rates are something like 9% on average, and that&#8217;s a lot higher than it was pre-pandemic.&#8221; &#8220;Don&#8217;t borrow too much, because interest rates are high. 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