Experian data shows hybrids rise to 16.8% of new vehicle financing in Q2 2026

XLY•2026-08-27

Payments and borrowing costs

Hybrids posted the lowest payments: new loan USD 646 versus EVs USD 692; new lease USD 566 versus gasoline USD 602.

Average new-vehicle loan reached USD 43,610; monthly payment rose to USD 765; interest rate fell to 6.35%.

Refinance rate averaged 7.97% versus 10.4% original, cutting payments by USD 83; credit unions delivered the largest savings at USD 102.

Hybrids gain share in new-vehicle financing

Experian’s Q2 2026 auto finance report showed hybrids rising to 16.8% of new-vehicle financing from 12.99% a year earlier.

EV share slipped to 8.15% from 9.21%, with the EV tax credit expiration cited as a demand headwind.

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