The new indicator that tells us something is deeply wrong with the economy

Fresh from the Reserve Bank of Australia taking official rates to an all-time low, and making a plea to the Morrison government to loosen fiscal policy, new data shows the car market has stalled.

Car sales are off the bitumen with new figures showing sales for the first six months of the year at their lowest since 2012. They were down by 10.7 per cent in NSW and 11.2 per cent in Queensland, while in Victoria they were off by 7.6 per cent. In perhaps the sickest economy in the country - the Northern Territory - sales were down by 31.4 per cent.So far this year, Australians have bought 554,466 cars. It's the worst opening 6 months of a year since 2012."Over the past 6 months we have seen various conditions and circumstances which adversely affected the market," he said.

swrighteconomy Got nothing to do with the economy. Got everything to do with EV wave fast approaching. Many people have bought their last ICE car already and are waiting a year or two to get an EV when the range and prices improves

swrighteconomy Everything will stall until the 2020 US election. As much as everyone wants to pretend otherwise. If trump is back in, economy will get better. If trump doesnt get in, GFC here we come.

swrighteconomy RECESSION. The LNP will keep talking about jobs and growth but the truth is people are losing their jobs and we are not growing the economy. Unemployment is going to rise and even well qualified people will be out of work. That’s the LNP managing the economy

swrighteconomy Everyone's waiting for next big trend. Not anyone's fault. Just evolution of old or of new The fix: waiting sales for 20years. Buy cheaper now if you guarantee you'll buy next evolution tier 5/6/7 drivetrains. If don't sign pay normal rate

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