IIRC the difference between new and used has shrunk quite a bit recently (at least for desirable models and types) because many consumers are frustrated by the new-prices and all look towards used.

I've heard it said (literally, it was a podcast) that US car-companies are caught in a kind of prisoner's-dilemma: They all want to be the ones selling expensive (high profit margin) cars, and nobody wants to be serving the low-end. But in the long run, somebody has to, or else the market gets... Weird.