Good morning! Welcome to The Morning Shift, your roundup of the auto news you crave, all in one place every weekday morning. Here are the important stories you need to know.
It turns out Toyota rules the world, Russians are in love with Hyundai, Honda has Canada on lockdown, and Mini’s real big in Southeast Asia.
Sales of the Ford Mustang are down here in the United States of America. Good.
At the core of Telsa’s business model is the fact that everyone pays the same for their cars. But now some Tesla stores may be pulling off old dealership tricks, giving discounts to hit sales quotes. And Tesla worries that could become a problem for the brand.
After Ford reported a 9 percent drop in second quarter profits last week, industry analysts were scared that car sales might slow down after years of prosperity. Now we have official U.S. sales numbers from July, and they seem to show that the industry has indeed reached a plateau.
Fiat Chrysler’s sales-reporting practices have put the company at the center of two fraud investigations amid allegations that it inflated car sales numbers for years. A new report from the company presents a supposedly improved counting method, which—after being applied to previous sales reports—reveals that Fiat…
Well, this is a nice, depressing way to start your week: according to a study from Interest.com (part of Bankrate.com), the average American can no longer afford to buy an average-priced new car. Also, I imagine the report adds, all puppies will eventually die.