Buying new? Now's the time 🚗

Happy Friday morning. This is Car Alerts with your weekly recap of the latest car news and market happenings.

In today’s edition:

• New car prices hit 2-year low

• Tesla’s woes

• Latest recalls

• and more

MARKETS 📈

HEADLINES 📰

New vehicle average transaction prices drop to lowest level in nearly two years.

Tesla laying off more than 10% of staff globally as sales fall.

States sue to block US rules curbing tailpipe emissions in cars, light trucks.

Over half a billion in EV tax rebates issued by US Treasury to dealers in 2024.

Tesla's Cybertruck disaster: Insider reveals 'serious safety issues' behind scenes of EV rollout.

US NHTSA upgrades probe into braking issues in 3 million Honda vehicles.

Mercedes-Benz workers to vote on UAW membership in May.

BYD got $3.7 billion in Chinese aid to dominate EVs, study says.

Ram teases what looks like the TRX replacement that'll debut on April 25.

Tesla accidentally leaked details of the new Model 3 Performance.

Xiaomi says sales of its electric car 3-5 times higher than expected.

General Motors to move Detroit HQ to new downtown building, plans to redevelop Renaissance Center.

RECALLS

Ford recalls over 456,000 Bronco Sport and Maverick cars due to loss of drive power risk.

Toyota recalls 211,000 Prius and Prius Prime cars with rear doors that could suddenly open.

More than 26,000 Chrysler minivans recalled because they could lose their traction control systems.

That’s all we have for you this week. We’ll see you next Friday morning with more car content.

Have feedback or want to get in touch? Please send us a note on Twitter (@CarAlerts). We’d love to hear from you.