The U.S. new car market is returning to pre-pandemic norms as supply chain issues resolve, forcing carmakers to ramp up deals to sustain sales growth.

DETROIT — Tesla says it will cut the cost of its next generation of vehicles in half, largely by using innovative manufacturing techniques and smaller factories.

Prices paid by U.S. consumers rose in September by more than forecast, resuming a faster pace of growth and underscoring the persistence of inflationary pressures in the economy.