Car payment delays reach 30-year high

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 up in February

• Americans are missing car payments

• Nissan names new CEO

• Recent recalls

• and more

MARKETS 📈

HEADLINES 📰

New-vehicle prices increase year-over-year in February, with record EV incentives and booming six-figure vehicle sales

Late car payments hit highest level in decades

Nissan Names Ivan Espinosa new CEO amid financial woes

Satisfaction with dealer service remains high but owners face long appointment wait times and communication shortfalls

Used EV prices plunge 15%, with Tesla leading the way

Tesla warns it could face retaliatory tariffs

Audi R8 reportedly returning in 2027 as Lamborghini Temerario twin

VW boss promises button are back for good: “It’s not a phone, it’s a car”

IIHS makes stronger protection for back seat passengers a must for 2025

BMW to absorb tariff costs on some Mexican-built models

Ford Focus is ending production in Europe this November

Jaguar’s Type 00 makes real-life debut on the streets of Paris

RECALLS

Mercedes sunroofs allegedly shatter with the vehicles parked or while moving on the highways

More than 200 Ford hybrid vehicles that were recalled in 2024 have been recalled again because they were not repaired properly

Ford has re-recalled Super Duty trucks because the backup camera images may fail when using the Pro Trailer Hitch Assist feature

BMW has recalled more than 40,000 model year 2022-2024 X3 sDrive30i and X3 xDrive30i vehicles because of problems with the door locks

Land Rover has recalled its 2020 Range Rover Evoque vehicles because the covers for the right-side lower knee airbags may come loose

A 2024-2025 Volkswagen Atlas and Volkswagen Atlas Cross Sport recall involves nearly 200,000 vehicles

Ford F-150 Lightning battery fires have caused a recall of nearly 1,000 model year 2022-2024 F-150 Lightnings

A Ford Mustang Mach-E recall involves more than 200 electric SUVs that were previously recalled in 2022

Ford has recalled more than 10,600 vehicles that were previously recalled over trailer brake concerns but repaired incorrectly

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

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