Australia logs 103,325 total vehicle sales in October
Key points
- Australia's new vehicle market reached 103,325 total sales in October, marking a 3.8% increase from the previous year.
- Following the report, the Toyota Motor share price was up at $199.46.
- The Federal Chamber of Automotive Industries noted that strong brand competition and a surge in battery electric vehicles drove the monthly growth.
Australia’s new vehicle market recorded 103,325 sales in October, representing a 3.8% increase compared with the same month last year, according to data from the Federal Chamber of Automotive Industries.
The monthly result contrasts with shifting consumer preferences as traditional petrol vehicle sales dropped 35.9% and diesel sales fell 14.7% from the prior year.
"Australia’s open and competitive market has put consumers in the driver’s seat, with more choice across brands, technologies, features and price points," said Federal Chamber of Automotive Industries CEO Tony Weber.
Battery electric vehicles accounted for 23.1 per cent of total sales sources, scaling up from 7.3% during the same period last year, while Toyota (NYSE:TM) led manufacturer totals with 20,649 units sold.
The organisation stated that ongoing market demand remains resilient despite household budget pressures and higher borrowing costs throughout 2026.
Following the announcement, the Toyota Motor (NYSE:TM) share price was up at $199.46.
Market data showed that China supplied 36.3% of total recorded vehicles, followed by Japan at 23.3% and Thailand at 17.9%.
