Australian Autos May 2026 VFACTS First Take

Australian new vehicle sales fell 2.3% in May 2026, driven by a decline in LCVs and large SUVs, while EV and Chinese brand adoption reached record highs. The GS 4x4 accessory index dropped 28% as supply constraints and changing consumer preferences impacted traditional market leaders.

Key Takeaways

• 1.The GS key model index, which tracks 4x4 accessory demand, fell 28% YoY in May, impacted by Toyota supply constraints and a consumer shift toward EVs.
• 2.Total new vehicle sales in Australia declined 2.3% YoY, with Light Commercial Vehicles (LCV) falling significantly by 15%.
• 3.Tesla became the first EV brand to top the monthly sales chart in Australia, as petrol and diesel sales saw sharp declines.

Table of Contents

• Key takeaways
• Key charts
• Valuation methodology (ARB)
• Valuation methodology (AOV)
• Disclosure Appendix
• Price target and rating history chart(s)
• Target price history table(s)
• Regulatory disclosures
• Ratings, coverage universe and related definitions
• Global product; distributing entities
• General disclosures

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