Quick answer
The average new-car loan rate was 7.54% for a 60-month loan and 7.47% for a 48-month loan at commercial banks for the period beginning 2026-08-01, per the Federal Reserve G.19 release. This is published data, not a quote or advice.
Data as of 2026-08-01. Source: Federal Reserve G.19 via FRED
| Date | 60-month new car (commercial banks) | 48-month new car (commercial banks) |
|---|---|---|
| 2026-08-01 | 7.54% | 7.47% |
| 2026-05-01 | 7.14% | 7.47% |
| 2026-02-01 | 7.53% | 7.37% |
| 2025-11-01 | 7.24% | 7.62% |
| 2025-08-01 | 7.64% | 7.51% |
| 2025-05-01 | 7.67% | 7.63% |
| 2025-02-01 | 8.04% | 7.71% |
| 2024-11-01 | 7.82% | 8.12% |
| 2024-08-01 | 8.40% | 8.63% |
| 2024-05-01 | 8.20% | 8.65% |
| 2024-02-01 | 8.22% | 8.57% |
| 2023-11-01 | 8.15% | 8.51% |
| 2023-08-01 | 7.88% | 8.30% |
| 2023-05-01 | 7.81% | 7.59% |
| 2023-02-01 | 7.48% | 7.46% |
| 2022-11-01 | 6.55% | 6.94% |
| 2022-08-01 | 5.50% | 5.52% |
| 2022-05-01 | 4.85% | 5.15% |
| 2022-02-01 | 4.52% | 4.87% |
| 2021-11-01 | 4.67% | 4.58% |
| 2021-08-01 | 4.60% | 5.14% |
| 2021-05-01 | 5.05% | 5.28% |
| 2021-02-01 | 4.96% | 5.21% |
| 2020-11-01 | 4.80% | 4.95% |
Related
- 10-year Treasury yield today
- Federal funds target rate (upper limit)
- Average personal loan interest rate (24-month, commercial banks)
- Bank prime loan rate today
Last updated 2026-10-16. Data only, not financial or tax advice.