Multiple factors drive down purchase costs, which is still well above what most households can afford.
Adjustments part of industry price war it started as it looks to increase demand.
Leasing’s decline behind forecast.
EV leader's cuts have started an industry price war.
Report suggests middle-class norm becoming harder to achieve.
Steep decline signals return to new normalcy.
Figures based on latest Kelley Blue Book average transaction price data.
Carmaker blames supply-chain issues, inflation for nearly 11% increase.
iSeeCars research finds prices of battery-electric vehicles (BEVs) rose 54.3%, while used internal-combustion-engine (ICE) vehicle prices rose 10.1%.
General Motors has asked its dealers to help prevent customers from quickly flipping high-demand vehicles and adding high markups.
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