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.
Monday, 16 November 2015
Top gear for new car sales
Car sales move up a gear
Another strong result for new motor vehicle sales in October at a seasonally adjusted 96,925, following on from the record high 100,537 in the preceding month.
This takes the monthly trend for new motor vehicle sales to a fresh high of 97,903.
The growth in recent times has been driven entirely by Sports Utility Vehicles (SUVs), with a record 399,867 units shifted.
On a rolling annual basis more than 1.14 million new vehicles have been sold in Australia, which is the fastest pace on record.
At the state level, the annual figures show that over the past year the strength in new motor vehicle sales has been driven by New South Wales (with a blistering 375,970 sales), Victoria (313,699), and Queensland (234,360).
Year-on-year there have been strong seasonally adjusted gains in sales in Queensland (+8.9 per cent) and New South Wales (+5.7 per cent), but declines in Western Australia (-8.6 per cent) and the Northern Territory (-4.2 per cent).