2025 U.S. Auto Loans Market Size and Household Spending Report
Based on two new reports from doxo, Americans collectively spend an estimated $717 billion each year on auto loans and auto insurance. These reports, the 2025 U.S. Auto Loan Market Size and Household Spending Report and the 2025 U.S. Auto Insurance Market Size and Household Spending Report, analyzed actual household payment data across 97% of U.S. zip codes.
The findings show that households with these bills pay a median of $575 per month, which adds up to $6,900 annually.
The report provides a detailed breakdown of the market size, percentage of households that pay for auto loans, and the median monthly and annual cost for auto loans by state, as well as the 50 largest cities in the United States (based on the number of households) and cities with a population of 40,000 or more.
Auto Loans Market Size and Household Spending
- Total Auto Loans Market Size: $478 billion per year
- Median Monthly/Annual Bill Payment: $470 per month; $5,640 per year
- Percent of Households: 61% of U.S. households pay Auto Loans
- Percent of Household Bill Pay Expense: Auto Loan bills amount to 9% of consumers’ household bill pay costs per year
For a closer look at car insurance bills, check out doxo’s 2025 U.S. Auto Insurance Market Size and Household Spending Report.
¹Median Monthly Auto Loan Bill x 12 months per year = Median Annual Cost per U.S. Household.
U.S. Auto Loan Market Size and
Household Spending
A comprehensive look into the auto loan industry, with a deep dive into category market size and median spend at the national, state, and regional level.
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