Caribou launches comprehensive Auto Refinance Trends Report hub with monthly data updates

New Data Reveals Americans Driving Pickups Save More Through Refinancing Than Any Other Vehicle Body Style with an Average of $162 Per Month

DENVER, CO - September 17, 2025 - Caribou, a leading auto refinance platform helping drivers take control of their car loans (www.caribou.com), today announced the launch of its comprehensive Auto Refinance Trends Report (caribou.com/auto-refinance-trends-report/), a first-of-its-kind resource that will be updated monthly with the latest refinancing data and insights. The launch comes alongside new data revealing that pickup truck owners achieve the highest monthly savings through auto refinancing, averaging $162 per month, leading all vehicle body styles in payment reductions.

The Auto Refinance Trends Report consolidates Caribou's comprehensive market research into a single destination, featuring interactive data visualizations, monthly updates, and deep-dive analyses across vehicle types, demographics, regions, and refinancing trends. Democratizing this data represents Caribou's commitment to transparency and helping consumers make informed financial decisions about their auto loans.

Pickup Trucks Take the Lead in Refinancing Savings

According to Caribou's latest analysis, pickup drivers are seeing the biggest monthly savings, averaging $162 over the last 12 months after refinancing, with a peak of $174 in June 2025. With pickup refi loan sizes averaging over $40,000 in August 2025, these larger balances mean even modest APR reductions translate into substantial monthly relief.

"While pickup trucks have always been popular in America, what we're seeing now is that, across all body styles, one theme stands out: refinancing works. On average, borrowers saw APRs drop from 11.82% to 7.99% over the past 12 months, bringing real relief to monthly budgets," said Simon Goodall, CEO of Caribou. "Our new Auto Refinance Trends Report will help consumers understand not just what's happening in the market today, but track these patterns month by month. Whether you're driving a pickup, sedan, or any vehicle in between, the data shows refinancing works-and our new platform makes that information accessible to everyone."

• Coupes aren't far behind trucks, with owners saving an average of $159 per month over the last 12 months, with a high of $181 in August 2025. The sleek, sporty segment sees APRs drop from 13.04% to 8.07%-a 19% reduction in monthly payments.
• SUVs and sedans offer consistent value with SUV owners saving an average of $143 monthly and sedan drivers saving approximately $127 monthly. These categories may not post the eye-popping numbers of trucks or coupes, but they demonstrate that refinancing isn't just for niche markets-it's a smart financial move for everyday families.
• Utility vehicles like vans and wagons are quietly delivering substantial value. Vans average $140 per month in savings, while wagons average $123 monthly.

Comprehensive Monthly Market Intelligence for Better Financial Decisions

Caribou's Auto Refinance Trends Report represents a significant step forward in automotive financial transparency. Unlike static annual or quarterly reports, Caribou's new platform will be updated monthly with new data, allowing consumers, industry professionals, and researchers to track real-time trends in:

• Credit tier payment and APR trends
• Vehicle body style performance across refinancing metrics
• Fuel type trends including electric, hybrid, and traditional vehicles
• Generational patterns in refinancing behavior
• Loan amount and term trends across different demographics

All data presented in the Auto Refinance Trends Report is based on real refinancing transactions from consumers whose auto refinance loan funded through Caribou between September 1, 2024, and August 31, 2025, had an existing loan on their credit report, and selected a loan offer to reduce their monthly payment. Monthly updates will incorporate rolling 12-month data windows to provide both current insights and longer-term trend analysis, giving users a comprehensive view of the auto refinancing market. The analysis focuses on borrowers who had an existing loan on their credit report and selected a loan offer specifically to reduce their monthly payment, ensuring the results reflect genuine payment reductions rather than statistical outliers.

About Caribou

Founded in 2016 and based in Denver, CO, Caribou helps drivers take control of their car loan with real savings, trusted lending partners, and expert help every step of the way. Through its advanced technology and friendly loan advisors, Caribou makes the entire auto refinancing process quick, easy, and transparent, saving customers an average of $151 per month on their auto loan payments-adding up to $1,812 saved each year through refinancing. The company is backed by QED Investors, Goldman Sachs, and other leading investors. See how you could save at https://www.caribou.com.

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