Credit & debt · TERMCBAUTO48NS

New car loan rate (48 months)

As of Aug 2026, the new car loan rate (48 months) stood at 7.47%, a change of 0.00 pt from the month before.

Source: Board of Governors of the Federal Reserve System via FRED®. Monthly data, not seasonally adjusted. Latest observation Aug 2026; snapshot taken Oct 27, 2026, 2:15 AM EDT.

Latest (Aug 2026)

7.47%

Change from May 2026

0.00 pt

A year earlier

7.51%

12-month change

-0.5%

7.47% Aug 2026 · Percent

4%5%6%7%8%9%20222023202420252026

Percent. Data from Feb 1972 to Aug 2026 (219 observations).

What it measures

This is the average interest rate commercial banks charge on 48-month loans for new cars, from a Federal Reserve survey.

Official title
Finance Rate on Consumer Installment Loans at Commercial Banks, New Autos 48 Month Loan
Units
Percent
Frequency and adjustment
Monthly, not seasonally adjusted
Original source
Board of Governors of the Federal Reserve System
Recent values
DateValueChange
Aug 20267.47%0.00 pt
May 20267.47%+0.10 pt
Feb 20267.37%-0.25 pt
Nov 20257.62%+0.11 pt
Aug 20257.51%-0.12 pt
May 20257.63%-0.08 pt
Feb 20257.71%-0.41 pt
Nov 20248.12%-0.51 pt
Aug 20248.63%-0.02 pt
May 20248.65%+0.08 pt
Feb 20248.57%+0.06 pt
Nov 20238.51%+0.21 pt

Related indicators

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Percent · Oct 26, 2026

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Percent · Q3 2026

This page shows public economic data for general information. It is not financial advice and does not predict future values.

Sources

FRED® is a registered trademark of the Federal Reserve Bank of St. Louis. Neither the Federal Reserve Bank of St. Louis nor Board of Governors of the Federal Reserve System endorses OpenEcon.