Photo: Ferrari

In today's issue:

  • Ferrari brings back the gated shifter, but the gearbox is still an automatic

  • Ford's pure EV sales fell 40.7% in Q2 while Tesla rose 25% in the same quarter

  • Polestar is cutting $25,000 off remaining US inventory on its way out the door

THE REVEAL OF THE WEEK

  • Ferrari unveiled the 2027 12Cilindri Manuale as a limited run of 1,499 units, priced at €590,000 ($675,000), per Autocar India; the Ferrari pressroom confirms the production cap.

  • The car uses a "Manuale By-Wire" system: there is a physical gated shifter and a clutch pedal, but both are entirely by-wire inputs feeding the existing dual-clutch transmission (DCT), per the Ferrari Media Centre.

  • The underlying 6.5-liter naturally aspirated V12 is unchanged: 819 hp, 9,500 rpm redline, identical performance to the standard car, per Carscoops.

  • Ferrari calls it "the purest expression of driving" and its "first manual in 14 years," but that framing omits the key detail: the clutch and lever do not mechanically engage a gearbox, they send electronic signals, per Car and Driver.

  • For buyers at €590,000, the question is whether a by-wire clutch and gated shifter deliver the physical feedback that manual devotees are actually paying for.

Ferrari's own pressroom describes a car that retains "all the advantages of Ferrari's dual-clutch transmission." That's another way of saying the Manuale By-Wire is a simulator, not a replacement. At 1,499 units and no mechanical manual, demand will tell the real story faster than any press release.

Also worth knowing

Ford's EV Sales Collapsed 40.7% in Q2 as Aluminum Supply Problems Bit: Ford sold 549,200 vehicles in the US in Q2 2026, down 10.3% year-over-year, per CBT News, with pure EV volume falling 40.7% and F-Series dropping 11% due to aluminum supply disruptions. #analyst

Polestar Slashed $25,000 Off Its US Inventory. The Reason Is the Exit Door.: Polestar cut $25,000 off remaining US-spec Polestar 4 stock, dropping the rear-wheel-drive model from roughly $56,000 to about $31,400, per Autoblog. Commerce denied Polestar's Connected Vehicle Rule authorization last month, barring new-model-year sales in the US after MY2027, per Carscoops; this clearance is Polestar working through what's left before that cutoff. #market

Used Hybrid and EV Prices Are Up $3,600 This Year, With No Tax Credit Propping Them Up: Average used hybrid and EV prices have climbed $3,600 in 2026 despite the federal EV tax credit expiry, while used luxury car prices are up 12.6% for the year and sedan/hatchback/wagon prices have risen more than $1,350, per Carscoops. New vehicle average marketed price reached nearly $52,000 at end of June, up roughly 5% year-over-year, per the Automotive News Daily Drive podcast. The credit's death was supposed to cool electrified used prices. The data shows the opposite. #market

Stellantis Posted Its Fourth Straight Quarter of US Sales Growth: Stellantis sold 328,284 vehicles in Q2 2026, up 6% year-over-year, led by Ram pickups up 14% and Chrysler brand sales up 80% on Pacifica strength, per CBT News. Jeep fell 5% and Dodge dropped 15%, so the recovery is narrower than the headline suggests: two nameplates are doing the heavy lifting for the whole portfolio. #analyst

Reveals & culture

Verstappen Says the Lego Parade Makes Drivers Look Like 'Kids and Clowns': All 22 F1 drivers were set to race 28,000-piece Lego minicars around Silverstone before the British Grand Prix, part of the F1-Lego commercial partnership, per The Drive; the event was also expected to draw a record 175,000 spectators, per MotorBiscuit. Verstappen publicly objected; Hamilton reportedly also balked. Liberty Media wants viral content; Verstappen wants his dignity. Both cannot fully win. #enthusiast

66,000 Ford Explorer Hybrid and Lincoln Nautilus Hybrid Vehicles Recalled Again for Pedestrian Alert Failure: The 2024-2027 Lincoln Nautilus Hybrid and 2025-2027 Ford Explorer Hybrid can lose their pedestrian acoustic alert systems, per CarComplaints; previously recalled vehicles will need to be repaired a second time. If you own one: Contact your Ford or Lincoln dealer to verify your VIN is covered and schedule the updated repair, even if you completed the earlier fix.

16,000 Cadillac Vistiq SUVs Recalled Over Power Seatback That Won't Stop on an Occupant: GM recalled approximately 16,000 2026-2027 Cadillac Vistiq vehicles because the third-row power fold seatback may fail to stop or reverse when it contacts a person seated in the row, per CarComplaints. If you own one: Do not use the power fold feature for the third row until the dealer has applied the remedy.

Nissan Sentra Recalled Over Driveshaft That May Separate from the CVT: Nissan recalled a subset of 2025 Sentra models after determining the left-side driveshaft may not be fully seated in the CVT, which can cause a transmission fluid leak and potential loss of propulsion, per autoevolution. If you own one: Check your VIN at NHTSA.gov and book a dealer appointment promptly; a fluid leak that causes propulsion loss is not a defect to defer.

Nissan Rogue Sport Class Action Claims Faulty Cooling Fans Are Destroying Engines: A proposed class action alleges the cooling fan system in the Nissan Rogue Sport can fail and cause engine destruction, per Autoblog.

BYD's Seal 08 Launches in China with 1,031-Mile PHEV Range for Under $30,000: The Seal 08 BEV starts at $29,000 in China; the PHEV variant claims over 1,031 miles of combined range, per Autoblog and ChinaEVHome.

Stellantis: Ram Pickups Up 14%, But Dodge Down 15% and Jeep Down 5%: Full Q2 detail from CBT News shows Chrysler brand volume up 80% on Pacifica alone, making Stellantis's "fourth straight gain" headline far narrower than it sounds.

Australia's New-Car Market Hit an All-Time Monthly Record in June, Led by BYD and Tesla: A total of 140,058 new vehicles were delivered in Australia in June, a monthly record, with EVs reaching 23.4% market share, per CarExpert; BYD came within a few hundred units of outselling Toyota for the first time since Holden's 2000s peak, per Drive.com.au.

Yesterday's picks

The Honda CR-V Is America's Best-Selling Vehicle in H1 2026: The best-seller isn't an F-150 or a RAV4 for the first time in 15 years; Honda won while Ford and Toyota stumbled on supply and model timing.

Record 24% of New-Car Buyers Now Take 84-Month Loans: Record-long loan terms at record-high prices signal deepening affordability stress and rising negative-equity risk across the industry.

251,000 Land Rovers Recalled for Airbags That May Not Deploy: A formal NHTSA recall covers 251,000 Defenders, Discoverys, and Range Rovers whose driver airbags may fail due to corroded clockspring connectors.

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