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One Million New-Car Buyers Are Gone and They’re Not Coming Back

Tariffs, regulations, and China: The next five years could reshape the car industry more than most people expect.

In Wall Street Journal reporter Sharon Terlep’s report on the shrinking U.S. new-car market, Murphy Automotive Partners Founder and Managing Partner John Murphy discussed why he no longer expects sales to quickly return to pre-pandemic levels and how automakers’ more disciplined approach to production, pricing and profitability is reshaping the industry.

Credit: ERIC THAYER/BLOOMBERG NEWS

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