Automotive Refinancing Grows Nearly 70% From a Year Ago, According to a New Report From Experian Automotive

SCHAUMBURG, Ill.--(BUSINESS WIRE)--With interest rates leveling out, consumers are looking for ways to secure more favorable vehicle financing terms. According to Experian’s (LSE: EXPN) State of the Automotive Finance Market Report: Q2 2025, the volume of automotive refinances increased nearly 70% from a year ago. A closer analysis revealed consumers saved just over 2% on their interest rates after refinancing their vehicle in Q2 2025, with the average interest rate dropping from 10.45% to 8.45