People are delaying buying new cars, creating a deflationary 'spiral' that's bad news for the auto industry

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Cars sit on the lot at the Howdy Honda dealership on March 18, 2024 in Austin, Texas.
Cars sit on the lot at the Howdy Honda dealership on March 18, 2024 in Austin, Texas.

Brandon Bell/Getty Images

Car prices are finally falling. Here's why people still aren't buying.

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Car prices going down

Getty Images; Chelsea Jia Feng/BI

Toyota tells drivers of 50,000 cars to get immediate repairs because their airbag inflators could explode

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Toyota Corolla
Vehicles affected include some older Toyota Corolla models.

Volkan Furuncu/Anadolu Agency/Getty Images

In landmark industry move, Lamborghini to implement 4-day workweek for production workers

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lambo

Wikipedia

2 days before delivery, Cybertruck buyers still don't know what they're getting — or how much it'll cost

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Tesla CEO Elon Musk gestures toward a Cybertruck
Elon Musk's futuristic-looking Cybertruck is supposedly weeks away from hitting buyers' driveways.

Photo by Frederic J. BROWN / AFP via Getty Images

Millions of old Toyota Prius hybrids will be recycled for new EV batteries, thanks to a startup run by Tesla cofounder JB Straubel

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Tesla Motors engineer and chief technical officer JB Straubel.
JB Straubel, cofounder of Redwood Materials and Tesla cofounder and former CTO

John B. Carnett/Bonnier Corporation via Getty Images

The F-150 Lightning is fast, fun, and comfortable — and you probably don't need one

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The 2023 Ford F-150 Lightning Platinum.
The 2023 Ford F-150 Lightning Platinum.

Tim Levin/Insider

Ram made an electric truck with a generator for people who aren't ready to give up gas convenience

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The 2025 Ram 1500 Ramcharger.
The 2025 Ram 1500 Ramcharger.

Stellantis

Charlie Munger steers clear of the brutal auto business - and says Elon Musk's archrival is better at the nuts and bolts of manufacturing

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Elon Musk
Elon Musk.

Bill Pugliano / Getty

Tesla's enduring power is even clearer after the EV competition in Detroit falls flat

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Tesla CEO Elon Musk stands in a factory alongside Armin Laschet, Prime Minister of North Rhine-Westphalia, Germany.
Tesla CEO Elon Musk and Armin Laschet, Prime Minister of North Rhine-Westphalia, talk during a tour of a future Tesla Gigafactory on August 13, 2021 in Grünheide near Berlin, Germany.

Patrick Pleul - Pool/Getty Images

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