What's the "long term support line" when VFACTS January car sales report:Car sales have started 2020 in their weakest state since the GFCwith the lowest January figures for 8 years.
Figures yesterday from the Federal Chamber of AutomotiveIndustries (FCAI) showed that 71,731vehicles sales were recorded last month, down 12.5% and the first time in 8years that January sales have fallen under 80,000.
The fall means car sales in Australia have now fallen for morethan 22-months and don’t look like steadying any time soon.
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