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 finest 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.

Thursday, 17 November 2016

Record new motor sales in NSW & VIC (production crashes)

Sydney & Melbourne lead car sales

Trend Sales of New Motor Vehicles just about eked out a new high of 98,997 in October, with September having been the biggest ever month for new vehicles sold. 



Annual sales rose to a record 1.178 million.



Sports utilities continue to mop up a greater and greater share of the pie at 37.4 per cent over the year.



Record high new motor vehicle sales have been driven by a boom in the largest two cities, with Victoria and especially New South Wales breaking record sales volumes. 


Sadly, going forward most vehicles will be imports. 

In October production volumes began to drop off very sharply as production in Australia is wound up, declining to just 11,766, some 45 per cent lower than just three years ago in October 2013. 


Very good results (apart from the factory closures, obviously).