FTSE 350 Review 2020 

FTSE 350: No time to buy automobiles

FTSE 350: No time to buy automobiles

Global light vehicle sales are expected to contract for a second consecutive year in 2020, according to Moody’s Investor Service. North American and European suppliers will be hurt by crumbling automotive sales. Light vehicle sales have been hurt by weakening economic growth in essential markets, such as China and key G20 nations, Moody’s says. Sales will drop 0.9 per cent after falling a projected 3.8 per cent last year. The outlook for the next 12 to 18 months is grim.

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