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New-EV sales stabilize as inventory adjusts; used-EV sales rise 10.1%

‘Ultimately, it’s an affordability question’

New EVs sold better on a month-over-month basis as inventory shrunk to meet demand, while more used EVs sold year over year in July. Used EVs made up 80% of EV lender Tenet’s originations in July 2026, up from 10% two years ago, Chief Executive Andreas Wallendal told Auto Finance News. However, “good performance of […]

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