An independent publication

Vol. I, No. 13 Afternoon Edition

The Fed Gazette

A civic journal of money and credit

Live Federal Reserve rates, FOMC decisions, speeches, and Treasury data, with every figure copied from the agency that published it.

Consumer credit

Auto Loan Rates: Average New Car Loan Rate Chart

The finance rate on a new-car loan at commercial banks was 7.47% for a 48-month loan in August 2026 and 7.54% for a 60-month loan in August 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

Source: Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG, TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly; Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG, RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly · Published · Updated

The finance rate on new-car installment loans at commercial banks, for 48-month and 60-month loans, from the Federal Reserve Board’s G.19 Consumer Credit release. A chart, what changed since last month, and a plain explanation. Figures are copied as published.

  • New auto, 48-month loan 7.47% August 2026 Same as the previous print
  • New auto, 60-month loan 7.54% August 2026 Higher than the previous print

Auto Loan Rates chart

New car loan rates over time

Monthly finance rate on consumer installment loans for new autos at commercial banks, in percent, not seasonally adjusted, as published. Each point is a stored monthly print. The 60-month line starts where its series begins.

7.1%7.2%7.3%7.4%7.5%7.6%7.7%Oct ’25Jan ’26Apr ’26Jul ’267.1%7.2%7.3%7.4%7.5%7.6%7.7%Oct ’25Jan ’26Apr ’26Jul ’267.1%7.2%7.3%7.4%7.5%7.6%7.7%Oct ’25Jan ’26Apr ’26Jul ’267.1%7.2%7.3%7.4%7.5%7.6%7.7%Oct ’25Jan ’26Apr ’26Jul ’26
4.0%5.0%6.0%7.0%8.0%9.0%202220232024202520264.0%5.0%6.0%7.0%8.0%9.0%202220232024202520264.0%5.0%6.0%7.0%8.0%9.0%202220232024202520264.0%5.0%6.0%7.0%8.0%9.0%20222023202420252026
4.0%5.0%6.0%7.0%8.0%9.0%201820202022202420264.0%5.0%6.0%7.0%8.0%9.0%201820202022202420264.0%5.0%6.0%7.0%8.0%9.0%201820202022202420264.0%5.0%6.0%7.0%8.0%9.0%20182020202220242026
0.0%5.0%10.0%15.0%20.0%1975198519952005201520250.0%5.0%10.0%15.0%20.0%197519801985199019952000200520102015202020250.0%5.0%10.0%15.0%20.0%197519801985199019952000200520102015202020250.0%5.0%10.0%15.0%20.0%19751980198519901995200020052010201520202025
  • New auto, 48-month loan 7.47% Aug 1, 2026
  • New auto, 60-month loan 7.54% Aug 1, 2026

Source: Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG, TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly · as of · retrieved

More series in the data library
Data
New car loan rates over time, the last print of each calendar quarter (a sample of the plotted lines)
PeriodNew auto, 48-month loanNew auto, 60-month loan
February 197210.20%
May 19729.96%
August 197210.02%
November 197210.02%
February 197310.05%
May 197310.05%
August 197310.25%
November 197310.49%
February 197410.53%
May 197410.63%
August 197411.15%
November 197411.57%
February 197511.51%
May 197511.39%
August 197511.31%
November 197511.24%
February 197611.18%
May 197611.01%
August 197611.07%
November 197611.02%
February 197711.14%
May 197710.81%
August 197710.86%
November 197710.86%
February 197810.86%
May 197810.84%
August 197811.09%
November 197811.29%
February 197911.60%
May 197911.73%
August 197911.88%
November 197912.85%
February 198013.28%
May 198015.72%
August 198013.91%
November 198014.29%
February 198115.84%
May 198116.04%
August 198116.92%
November 198117.36%
February 198217.05%
May 198217.20%
August 198217.08%
November 198215.97%
February 198314.81%
May 198313.90%
August 198313.50%
November 198313.46%
February 198413.32%
May 198413.53%
August 198414.08%
November 198413.91%
February 198513.37%
May 198513.16%
August 198512.72%
November 198512.39%
February 198612.29%
May 198611.45%
August 198611.00%
November 198610.58%
February 198710.35%
May 198710.23%
August 198710.37%
November 198710.86%
February 198810.72%
May 198810.55%
August 198810.93%
November 198811.22%
February 198911.76%
May 198912.44%
August 198912.13%
November 198911.94%
February 199011.80%
May 199011.82%
August 199011.89%
November 199011.62%
February 199111.60%
May 199111.28%
August 199111.06%
November 199110.61%
February 19929.89%
May 19929.52%
August 19929.15%
November 19928.60%
February 19938.57%
May 19938.17%
August 19937.98%
November 19937.63%
February 19947.54%
May 19947.76%
August 19948.41%
November 19948.75%
February 19959.70%
May 19959.78%
August 19959.44%
November 19959.36%
February 19969.12%
May 19968.93%
August 19969.11%
November 19969.03%
February 19978.92%
May 19979.20%
August 19978.99%
November 19978.96%
February 19988.89%
May 19988.69%
August 19988.70%
November 19988.62%
February 19998.34%
May 19998.31%
August 19998.44%
November 19998.67%
February 20008.88%
May 20009.22%
August 20009.62%
November 20009.64%
February 20019.17%
May 20018.67%
August 20018.30%
November 20017.86%
February 20027.80%
May 20027.74%
August 20027.58%
November 20027.34%
February 20037.11%
May 20037.05%
August 20036.76%
November 20036.82%
February 20046.72%
May 20046.43%
August 20046.55%
November 20046.71%
February 20056.86%
May 20056.92%
August 20057.08%
November 20057.43%
February 20067.39%
May 20067.60%
August 20067.95%7.82%
November 20067.92%7.78%
February 20077.74%7.71%
May 20077.92%7.78%
August 20077.82%7.77%
November 20077.59%7.60%
February 20087.27%7.18%
May 20086.84%6.93%
August 20086.92%6.94%
November 20087.06%7.12%
February 20096.92%6.96%
May 20096.79%6.93%
August 20096.61%6.71%
November 20096.55%6.59%
February 20106.45%6.45%
May 20106.26%6.38%
August 20106.24%6.23%
November 20105.87%6.05%
February 20115.85%6.10%
May 20115.79%5.83%
August 20115.89%5.62%
November 20115.40%5.25%
February 20125.07%5.02%
May 20124.88%4.87%
August 20124.88%4.75%
November 20124.82%4.64%
February 20134.69%4.60%
May 20134.13%4.34%
August 20134.46%4.38%
November 20134.42%4.52%
February 20144.23%4.37%
May 20144.50%4.46%
August 20144.16%4.11%
November 20144.06%4.07%
February 20154.53%4.27%
May 20154.15%4.21%
August 20154.09%4.25%
November 20154.00%4.05%
February 20164.17%4.11%
May 20164.33%4.15%
August 20164.25%4.25%
November 20164.45%4.05%
February 20174.52%4.21%
May 20174.67%4.24%
August 20174.42%4.36%
November 20174.81%4.51%
February 20184.74%4.75%
May 20185.05%4.99%
August 20185.05%4.96%
November 20185.29%5.36%
February 20195.50%5.24%
May 20195.35%5.36%
August 20195.27%5.27%
November 20195.45%5.37%
February 20205.29%5.15%
May 20205.13%5.14%
August 20204.98%4.98%
November 20204.95%4.80%
February 20215.21%4.96%
May 20215.28%5.05%
August 20215.14%4.60%
November 20214.58%4.67%
February 20224.87%4.52%
May 20225.15%4.85%
August 20225.52%5.50%
November 20226.94%6.55%
February 20237.46%7.48%
May 20237.59%7.81%
August 20238.30%7.88%
November 20238.51%8.15%
February 20248.57%8.22%
May 20248.65%8.20%
August 20248.63%8.40%
November 20248.12%7.82%
February 20257.71%8.04%
May 20257.63%7.67%
August 20257.51%7.64%
November 20257.62%7.24%
February 20267.37%7.53%
May 20267.47%7.14%
August 20267.47%7.54%
Cite new auto, 48-month loan

Cite the agency first. This paper is the place you read the figure, as of August 2026.

  • APA Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. (2026, August 1). TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly [Data set]. https://govspending.org/series/TERMCBAUTO48NS/ Retrieved October 9, 2026, via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0
  • MLA Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. “TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly.” TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly, data as of 1 Aug. 2026, https://govspending.org/series/TERMCBAUTO48NS/. Accessed 9 Oct. 2026 via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0.
  • Chicago Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. “TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly.” Data as of August 1, 2026. https://govspending.org/series/TERMCBAUTO48NS/. Retrieved October 9, 2026 via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0.
Cite new auto, 60-month loan

Cite the agency first. This paper is the place you read the figure, as of August 2026.

  • APA Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. (2026, August 1). RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly [Data set]. https://govspending.org/series/RIFLPBCIANM60NM/ Retrieved October 9, 2026, via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0
  • MLA Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. “RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly.” RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly, data as of 1 Aug. 2026, https://govspending.org/series/RIFLPBCIANM60NM/. Accessed 9 Oct. 2026 via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0.
  • Chicago Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG. “RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly.” Data as of August 1, 2026. https://govspending.org/series/RIFLPBCIANM60NM/. Retrieved October 9, 2026 via The Fed Gazette, https://fedgazette.com/auto-loan-rates/#chart-auto-loan-rates-0.

As of August 2026 · Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG · TERMCBAUTO48NS, Finance rate on consumer installment loans at commercial banks, new autos, 48-month loan, percent, monthly · Percent · original series TERMCBAUTO48NS on FRED · Retrieved

As of August 2026 · Board of Governors of the Federal Reserve System (G.19 Consumer Credit), via GOVSPENDING.ORG · RIFLPBCIANM60NM, Finance rate on consumer installment loans at commercial banks, new autos, 60-month loan, percent, monthly · Percent · original series RIFLPBCIANM60NM on FRED · Retrieved

Average new car loan rate: what changed since the last print

The latest new auto, 48-month loan print is 7.47% for August 2026, the same as the print before it, 7.47% for May 2026. About a year earlier, for August 2025, it was 7.51%, and the latest print is lower than that.

The latest new auto, 60-month loan print is 7.54% for August 2026, higher than the print before it, 7.14% for May 2026. About a year earlier, for August 2025, it was 7.64%, and the latest print is lower than that.

This paper says only whether the latest stored print is higher than, lower than, or the same as an earlier stored print, and prints both. It does not compute a difference or a percent.

PeriodNew auto, 48-month loanNew auto, 60-month loan
August 20267.47%7.54%
May 20267.47%7.14%
February 20267.37%7.53%
November 20257.62%7.24%
August 20257.51%7.64%
May 20257.63%7.67%
February 20257.71%8.04%
November 20248.12%7.82%
August 20248.63%8.40%
May 20248.65%8.20%
February 20248.57%8.22%
November 20238.51%8.15%

What the average new car loan rate is, in plain English

The Federal Reserve Board’s G.19 Consumer Credit release reports the finance rate on consumer installment loans at commercial banks. This page follows the rate on loans for new automobiles, for two loan lengths.

A longer loan usually carries a higher rate, because the lender waits longer to be repaid. Auto loan rates also follow the general level of interest rates, so they tend to move with the federal funds target range and Treasury yields over time.

These are averages at commercial banks. Loans from finance companies and dealers are not in these series, and a borrower’s own rate depends on credit, the vehicle, and the lender.

Finance rate
The interest rate charged on an installment loan.
Installment loan
A loan repaid in equal payments over a set number of months.
Commercial bank
A bank that takes deposits and makes loans, as distinct from a finance company.

Average new car loan rate questions answered

What is the latest average new car loan rate?

The finance rate on a new-car loan at commercial banks was 7.47% for a 48-month loan in August 2026 and 7.54% for a 60-month loan in August 2026, according to the Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG.

Why do 48-month and 60-month loans differ?

A longer loan usually carries a higher rate because the lender waits longer to be repaid.

Do auto loan rates follow the Fed?

They tend to move with the general level of interest rates, including the federal funds target range, but a single bank’s offer also depends on the borrower and the vehicle.

Are used car loans included?

No. These series cover loans for new automobiles at commercial banks.

What does the as-of date mean?

It is the date the agency attached to the figure, and it is printed beside the figure. It can be earlier than today: a daily series is dated its business day, a weekly or monthly series is dated its week or month. The page also prints when this paper retrieved the file, so you can tell a late feed from a late print.

How do I cite a figure from this page?

Cite the agency first (Board of Governors of the Federal Reserve System, via GOVSPENDING.ORG). Then name The Fed Gazette as the place you read it. The Cite this panel on the page gives APA, MLA and Chicago lines built from the agency, the series name, the as-of date, the source URL and the date this paper retrieved the file.