A model for single-lane car-following is introduced and its equilibrium and
non-equilibrium properties are studied. We modify the optimal velocity mod
el in a way to include the mechanical response of each vehicle to its front
car dynamics. Despite its simplicity, this model exhibits a rich phenomeno
logy, like transitions between different dynamical regimes and hysteresis i
n the fundamental flux-density diagram. We show that traffic jams can spont
aneously appear in clustered-like structures. In the jammed phase, we obser
ve a slow relaxation phenomenon ruled by the outgoing vehicle flux that det
ermines the hysteretic dependence of the fundamental flux-density diagram.
Coexisting phase regimes are also evidenced as propagating or stationary de
nsity waves. The model can be easily calibrated to reproduce experimental o
bservations.