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Auto Sales Slump in Hamilton County, Tenn., Blamed on Loan Rates, Gas Prices.

Chattanooga Times/Free Press (Chattanooga, TN)

| July 11, 2000 | COPYRIGHT 2007 Chattanooga Times/Free Press. (Hide copyright information)Copyright

Byline: Chris Shackleford

Jul. 11--Higher interest rates and gasoline prices locally have slowed new vehicle sales in Hamilton County during the first half of this year.

Sales of new cars, pickups and suburban utility vehicles were down 371 units or 4 percent during the period from January through June compared to the same time last year.

"I've seen bad. This isn't bad," said Ray Standefer, co-owner of Heritage Daewoo, located on Shallowford Road near Highway 153. "There has been a slight contraction, but sales remain very strong."

Over at Prebul Jeep-Chrysler on nearby Chapman Road, June sales dropped only three units compared to the same …

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