Carvana posted record Q2 2026 results: 197,325 retail units sold (up 38% year-over-year), $7.38 billion in revenue (up 52%), and record net income of $513 million, with full-year adjusted EBITDA guidance raised to $2.7–$3.0 billion (cnbc.com). Critically, these numbers arrived while the used car market was cooling — the BLS reported that the used cars and trucks index fell 1.8% over the 12 months ending in June — meaning Carvana's growth was driven by something other than rising vehicle prices (cbtnews.com). A key tailwind: the FTC's March 2026 warning letters to 97 dealer groups requiring advertised prices to include all mandatory fees, which forced competitors to reprice and created what CEO Ernie Garcia called an algorithmic advantage for Carvana's pricing models (finance.biggo.com).

Not everything was rosy beneath the headlines, however. Total gross profit per unit declined roughly 6% and missed some analyst expectations, and the stock initially dropped more than 20% after the earnings release before recovering somewhat (cnbc.com). The company also flagged over 60% year-over-year growth among buyers earning more than $100,000 annually, suggesting its customer base is shifting upmarket (cbtnews.com).

Brazil became the world's largest importer of Chinese-made vehicles in 2026, purchasing $5.2 billion worth between January and May — a 146.9% surge that vaulted it past Russia ($5 billion) and Belgium ($3.8 billion) (valorinternacional.globo.com). Electrified vehicles accounted for $4.5 billion of the total (scmp.com). But the headline number obscures what Brazil is really after: local manufacturing. At least eight Chinese brands including BYD, Chery, and Great Wall are now operating or planning production facilities in the country, while the government has used tariff policy as leverage — extending duty-free quotas for CKD and SKD kits while raising tariffs on finished vehicles to 35% by July 2026 (koreapost.com).

BYD's Bahia factory, built on a former Ford site with capacity for up to 150,000 vehicles annually, is already ramping production and targeting 50% local parts sourcing by end of 2026 (automotiveworld.com). Meanwhile, Brazil's auto manufacturers' association, Anfavea, has challenged the government's favorable policies toward Chinese brands, threatening legal action and warning that domestic manufacturing could suffer a devastating blow (breitbart.com).

Legacy Motor Club, the NASCAR Cup Series team co-owned by seven-time champion Jimmie Johnson, announced a new strategic ownership group featuring 11 high-profile investors from sports, entertainment, and business on July 30 (motorsport.com). The roster includes two-time NL MVP Bryce Harper, former MLB All-Star Chase Utley, celebrity chef Guy Fieri, Grammy-winning singer Darius Rucker, pro surfer Kelly Slater, former tennis star Andy Roddick, and IndyCar legends Scott Dixon, Dario Franchitti, and Tony Kanaan (motorsport.com) (usatoday.com).

Johnson told Sports Business Journal at the Indy 500 that he had lined up 27 investors total, with private equity executive Sam Byrne of CrossHarbor Capital Partners and Away co-founder Jen Rubio rounding out the business side of the group (sportsbusinessjournal.com). The team, formerly known as Petty GMS Motorsports and still counting Richard Petty as a minority owner and ambassador, reflects a broader shift in NASCAR toward celebrity-and-investor ownership models that mirror structures in other major sports leagues (usatoday.com) (sportsbusinessjournal.com).

BMW of North America is recalling 16,736 S 1000 RR motorcycles from the 2020–2026 model years under NHTSA campaign 26V478000. The culprit is a vibration-prone contact pin inside the ignition lock that can wear down and knock out the instrument display, rear lighting, ABS, and other electronic systems — or trigger a complete engine stall mid-ride (motorcycle.com) (usatoday.com). The recall covers essentially the entire K67-generation RR sold in the United States.

BMW first flagged the issue in April 2025 after a spike in warranty claims, initially estimating the failure rate at below 0.1% of all units, though further investigation was needed to pin down the exact conditions (motorcycle.com). Owner notification letters are expected to go out in mid-September (autos.yahoo.com). Meanwhile, forum chatter has raised questions about whether the failure actually involves the keyless ride system rather than a traditional keyed ignition, given the scope of the electronic cascade described in the defect report (forums.bmwmoa.org).