The most popular vehicles people are financing in every state. We love our trucks in South Dakota!
Experian analyzed its auto loan data for the first three quarters of 2022 to identify the most popular cars being financed in your state.
The most popular cars people are financing in every state
Updated
Last year, Americans in almost every state took out loans to purchase SUVs and trucks more than any other type of vehicle, further confirming their desire for greater comfort and prominence on the road.
This is according to Experian, which analyzed its auto financing data for January through September 2022 to find the five most popular cars people financed in each state. States are listed in alphabetical order and vehicles are listed in descending order of popularity.
Consumers have options when buying a vehicle, but there are several reasons a consumer may choose to finance their vehicle with a loan. Rarely do consumers have enough cash on hand to purchase a vehicle outright—the average cost of a new vehicle in fall 2022 was more than $48,000, according to Kelley Blue Book. In today's high interest rate environment, financing a vehicle can add considerable cost to the overall payment of a vehicle, but it can also offer affordable monthly car payments that work for a consumer's immediate budget and needs.Â
Among new vehicles purchased in 2022, 4 in 5 were bought with financing in place, according to Experian. SUVs and wagons made up the largest proportion of vehicles financed in the U.S. at 60% of all financing. SUVs and pickups also grew as a proportion of all vehicles financed in 2022 compared with the year before.
The Toyota RAV4 appeared in more states' top five than any other vehicle. The sought-after compact SUV first became available in North America in 1995, and has topped the list of bestselling SUVs several times since.Â
The Japanese automaker's continued dominance in the U.S. car market is apparent, according to Experian auto loan data from 2022. Toyota was the most popular car brand to appear among states' top-financed list. Toyota represents nearly 20% of the cars appearing on this list, and at least one Toyota model made the top five in all but five states. Consumer Reports rates Toyota as "superb" in overall reliability.
Alabama
Updated
- Toyota Camry
- Ford F-150
- Toyota RAV4
- Toyota Highlander
- Toyota Tacoma
Alaska
Updated
- GMC Sierra 1500
- Toyota RAV4
- Toyota Tacoma
- Ford F-150
- Subaru Outback
Arizona
Updated
- Toyota Tacoma
- Toyota RAV4
- Toyota Camry
- Ford F-150
- GMC Sierra 1500
Arkansas
Updated
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Toyota Camry
- GMC Sierra 1500 Limited
California
Updated
- Tesla Model Y
- Tesla Model 3
- Toyota RAV4
- Toyota Camry
- Toyota Corolla
Colorado
Updated
- Toyota RAV4
- Subaru Crosstrek
- Ford F-150
- Toyota Tacoma
- Toyota 4Runner
Connecticut
Updated
- Toyota RAV4
- Subaru Crosstrek
- Honda CR-V
- Subaru Forester
- Jeep Wrangler Unlimited
Delaware
Updated
- Honda CR-V
- Toyota RAV4
- Ford F-150
- Jeep Wrangler Unlimited
- GMC Sierra 1500
Washington DC
Updated
- Toyota RAV4
- Tesla Model Y
- Honda CR-V
- Tesla Model 3
- Subaru Crosstrek
Florida
Updated
- Toyota Corolla
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Toyota Tacoma
Georgia
Updated
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Toyota Corolla
- GMC Sierra 1500
Hawaii
Updated
- Toyota Tacoma
- Toyota 4Runner
- Toyota RAV4
- Toyota Corolla
- Nissan Frontier
Idaho
Updated
- Ford F-150
- Toyota RAV4
- Subaru Outback
- Toyota Tacoma
- Toyota Highlander
Illinois
Updated
- Honda CR-V
- Toyota RAV4
- Chevrolet Equinox
- Ford F-150
- Hyundai Tucson
Indiana
Updated
- Chevrolet Equinox
- Honda CR-V
- Ford F-150
- Toyota RAV4
- Jeep Wrangler Unlimited
Iowa
Updated
- Ford F-150
- Chevrolet Equinox
- Chevrolet Silverado 2500HD
- Chevrolet Silverado 1500 Limited
- GMC Sierra 1500
Kansas
Updated
- Ford F-150
- Toyota RAV4
- Honda CR-V
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
Kentucky
Updated
- Toyota RAV4
- Ford F-150
- Toyota Highlander
- GMC Sierra 1500
- Honda CR-V
Louisiana
Updated
- Ford F-150
- GMC Sierra 1500
- Toyota Camry
- Chevrolet Silverado 1500 Limited
- Toyota RAV4
Maine
Updated
- Toyota RAV4
- Ford F-150
- Subaru Crosstrek
- Toyota Tacoma
- Subaru Forester
Maryland
Updated
- Toyota RAV4
- Honda CR-V
- Toyota Camry
- Toyota Highlander
- Toyota Corolla
Massachusetts
Updated
- Toyota RAV4
- Honda CR-V
- Toyota Highlander
- Subaru Crosstrek
- Jeep Wrangler Unlimited
Michigan
Updated
- Chevrolet Equinox
- Ford F-150
- Chevrolet Blazer
- Ford Escape
- Ford Explorer
Minnesota
Updated
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Honda CR-V
- Mazda CX-5
Mississippi
Updated
- Toyota Camry
- Ford F-150
- Nissan Altima
- Toyota RAV4
- Toyota Highlander
Missouri
Updated
- Ford F-150
- Toyota RAV4
- GMC Sierra 1500
- Chevrolet Equinox
- Honda CR-V
Montana
Updated
- Ford F-150
- GMC Sierra 1500
- Ford F-350 Super Duty
- Toyota RAV4
- GMC Sierra 2500
Nebraska
Updated
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 2500HD
- Chevrolet Silverado 1500 Limited
- Chevrolet Equinox
Nevada
Updated
- Toyota RAV4
- Tesla Model Y
- Tesla Model 3
- GMC Sierra 1500
- Toyota Tacoma
New Hampshire
Updated
- Toyota RAV4
- Toyota Tacoma
- Subaru Crosstrek
- Honda CR-V
- Ford F-150
New Jersey
Updated
- Honda CR-V
- Toyota RAV4
- Mazda CX-5
- Tesla Model Y
- Toyota Highlander
New Mexico
Updated
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
New York
Updated
- Honda CR-V
- Toyota RAV4
- Chevrolet Equinox
- Mazda CX-5
- Toyota Highlander
North Carolina
Updated
- Toyota RAV4
- Toyota Camry
- Ford F-150
- Honda CR-V
- Toyota Corolla
North Dakota
Updated
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Chevrolet Silverado 1500
- Chevrolet Silverado 2500HD
Ohio
Updated
- Honda CR-V
- Chevrolet Equinox
- GMC Sierra 1500
- Ford F-150
- Toyota RAV4
Oklahoma
Updated
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Toyota RAV4
- Ford Explorer
Oregon
Updated
- Toyota RAV4
- Toyota Tacoma
- Toyota Highlander
- Subaru Crosstrek
- Subaru Outback
Pennsylvania
Updated
- Toyota RAV4
- Honda CR-V
- Subaru Crosstrek
- Ford F-150
- GMC Sierra 1500
Rhode Island
Updated
- Toyota RAV4
- Toyota Highlander
- Toyota Tacoma
- Toyota Camry
- Toyota Corolla
South Carolina
Updated
- Toyota RAV4
- Ford F-150
- Toyota Tacoma
- Toyota Camry
- GMC Sierra 1500
South Dakota
Updated
- Ford F-150
- GMC Sierra 1500
- Chevrolet Silverado 1500 Limited
- Ford Explorer
- Chevrolet Silverado 1500
Tennessee
Updated
- Ford F-150
- Toyota RAV4
- Nissan Rogue
- Toyota Highlander
- Honda CR-V
Texas
Updated
- Ford F-150
- GMC Sierra 1500
- Toyota RAV4
- Chevrolet Silverado 1500 Limited
- Toyota Camry
Utah
Updated
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- Subaru Outback
- Tesla Model Y
Vermont
Updated
- Toyota RAV4
- Toyota Tacoma
- Subaru Crosstrek
- Ford F-150
- GMC Sierra 1500
Virginia
Updated
- Toyota RAV4
- Honda CR-V
- Toyota Tacoma
- Toyota Highlander
- Ford F-150
Washington
Updated
- Toyota RAV4
- Honda CR-V
- Tesla Model Y
- Toyota Tacoma
- Subaru Crosstrek
West Virginia
Updated
- Ford F-150
- Toyota RAV4
- Toyota Tacoma
- Chevrolet Silverado 1500 Limited
- Toyota Highlander
Wisconsin
Updated
- Ford F-150
- Chevrolet Equinox
- Toyota RAV4
- Honda CR-V
- GMC Sierra 1500
Wyoming
Updated
- Ford F-150
- GMC Sierra 2500
- Toyota RAV4
- GMC Sierra 1500
- GMC Sierra 3500
This story originally appeared on Experian and was produced and distributed in partnership with Stacker Studio.
Originally published on experian.com, part of the BLOX Digital Content Exchange.
