Pete Wargent blogspot

Co-founder & CEO of AllenWargent property buyer's agents, offices in Brisbane (Riverside) & Sydney (Martin Place), and CEO of WargentAdvisory (providing subscription analysis, reports & services to institutional clients).

4 x finance/investment author - 'Get a Financial Grip: a simple plan for financial freedom’ (2012) rated Top 10 finance books by Money Magazine & Dymocks.

"Unfortunately so much commentary is self-serving or sensationalist. Pete Wargent shines through with his clear, sober & dispassionate analysis of the housing market, which is so valuable. Pete drills into the facts & unlocks the details that others gloss over in their rush to get a headline. On housing Pete is a must read, must follow - he is one of the better property analysts in Australia" - Stephen Koukoulas, MD of Market Economics, former Senior Economics Adviser to Prime Minister Gillard.

"Pete Wargent is one of Australia's brightest financial minds - a must-follow for articulate, accurate & in-depth analysis." - David Scutt, Business Insider, leading Australian market analyst.

"I've been investing for over 40 years & read nearly every investment book ever written yet I still learned new concepts in his books. Pete Wargent is one of Australia's finest young financial commentators." - Michael Yardney, Australia's leading property expert, Amazon #1 best-selling author.

"The most knowledgeable person on Aussie real estate markets - Pete's work is great, loads of good data and charts, the most comprehensive analyst I follow in Australia. If you follow Australia, follow Pete Wargent" - Jonathan Tepper, Variant Perception, Global Macroeconomic Research, and author of the New York Times bestsellers 'End Game' and 'Code Red'.

"Pete's daily analysis is unputdownable" - Dr. Chris Caton, Chief Economist, BT Financial.

Tuesday, 7 October 2014

UK new car sales hit a 10 year high

The UK economy continues to rebound.

New car sales in September hit 425,861, which is an 18 percent increase on the prior year figure and the highest level in 10 years (since September 2004).

The number of new car sales has increased for 31 consecutive months, taking the number registered in the first nine months of 2013 to 1,958,196, which is an increase of 9.1 percent on January-September 2013.

Noted IHS Global Insight: "A significant number of people are now willing and able or able to buy a new car, having held off due to uncertain economic circumstances". Indeed. About 2 million of them in nine months, in fact!

Consumers are driving the British economy forward, buoyed by increasing house prices across Britain.

Not surprisingly the best sellers were the Ford Fiesta and the Ford Focus, but the Volkswagen Golf gatecrashed the Ford party with the third highest number of new registrations.

From the SMMT: