🚗 Falling prices favor buyers

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

In today’s edition:

• Dealers discounting new cars to keep sales pace

• Tesla lowers cost of Model Y

• Cars selling above MSRP

• Dodge adopts Tesla chargers

• Latest recalls

• and more

MARKETS 📈

HEADLINES 📰

New-vehicle transaction prices continue to tumble, down 3.5% year-over-year in January.

Global electric vehicle sales jumped 69% in January from a year earlier but were down 26% from December.

New cars are priced 7.2% above MSRP now, but prices are falling and the gap is closing.

Tesla has cut the price of the Model Y for a limited time.

US issues $135MM in advance EV tax rebates since Jan 1, Treasury says.

Jeep-maker Stellantis to adopt Tesla’s charging standard.

BYD (Chinese EV Co.) is one step closer to selling cars in America.

GM is expanding its hands-free driving system to rural highways.

Stellantis to invest $111MM in Hungary facility to produce electric drive modules.

Tesla Cybertruck owners say their stainless steel trucks are rusting.

California's self-driving robotaxi dream may be in jeopardy as Waymo issues recall.

2024 Jeep Grand Cherokee drops prices By Up To $4,000.

RECALLS

Kia Telluride valve spring recall affects nearly 3,000 vehicles.

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

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