WASHINGTON, D.C. — The latest data available from the Federal Reserve reveals that the average interest rate on 48-month new-car loans at commercial banks for November was the lowest figure on record.

For November, this number came in at 6.55 percent. While the figure was not available for October or September, the average APR was 6.61 percent in the third quarter and 6.79 percent in the second quarter. The third-quarter figure is the next lowest APR on record.

Next up, the Federal Reserve reviewed new-car loans at auto finance companies. When it comes to average interest rate, it appears this figure is slowly climbing back up from the October when it was the lowest on record.

For November, this number came in at 3.73 percent. For October, the figure stood at 3.42 percent, and in September, it was 3.50 percent. In the second quarter, the average APR was 3.45 percent.

Looking at maturity levels, the Fed found that for November, an average new-car loan at auto finance companies took 63.4 months. For October, it was 64.4. In September, the figure stood at 63.6 percent. The lowest on record came during the first quarter when the maturity level was 59.3 months.

As for loan-to-value ratios, for the month, this figure was 91, which compares to 93 in October and 91 in September. For the third quarter, this statistic came in at 90.

Finally, the Fed reported that the average amount financed for November on new-car loans at auto finance companies was $30,506, which compares to $32,223 in October and $30,380 in September. In the third quarter, this figure was $27,884.

Looking at overall credit, the Fed also indicated, "Consumer credit decreased at an annual rate of 8.5 percent in November. Revolving credit decreased at an annual rate of 18.5 percent, and non-revolving credit decreased at an annual rate of 3 percent."