Summary: From a Vlasov-type kinetic equation with nonlocal braking and acceleration forces, taken as a traffic model for higher densities, we derive macroscopic equations generalizing the second order model of conservation laws suggested by {\it A. Aw} and {\it M. Rascle} [SIAM J. Appl. Math. 60, No. 3, 916--938 (2000;

Zbl 0957.35086)] and {\it H. M. Zhang} [Chin. Ann. Math., Ser. B 26, No. 2, 275--290 (2005;

Zbl 1067.17002)]. The nonlocality remains present in these equations, but more conventional, local equations are derived by using suitable Taylor expansion. A second order model of this type is discussed in some detail and is shown to possess traveling wave solutions that resemble stop-and-go waves in dense traffic. A phase space analysis suggests that inside the class of such traveling waves there are steady solutions that are stable.