Lexus gaining marketshare globally

Lexus gaining marketshare globally

lexus_gs Lexus gaining marketshare globally Alternative Fuels Automobiles and Energy Hybrids Manufacturers Podcasts Toyota

When most people think of Toyota gaining marketshare, they think it will be through sales in the United States, mainly through hybrids It wont be just by selling hybrids, though they will sell plenty of those. The push will be by taking their luxury brand, Lexus, to Japan.Lexus sales in the United States are growing daily. In October Lexus marketshare, according to the Power Information Network (PIN), a J.D. Power group, was 1.65 percent. In November the marketshare for Lexus jumped to 1.69 while Mercedes fell from 1.24 to 1.22. BMW stayed the same and Audi went from .45 to .46. According to PIN, Lexus Cars jumped to 14,001 unit’s in November, from 10,214 in October; a 37.1% increase. Sales for the GS, IS and SC totaled 7,694 unit’s in November in the United States.

Toyota sells Toyota, Scion and Lexus in the United States. The Scion xA and xB are marketed in Japan as Toyota products. Lexus is sold in many countries, but it was not sold in Japan til this year. Toyota holds 43% of the Japanese market, but not the luxury market. Mercedes-Benz, BMW and Audi all hold about 1 percent each in Japan, all in the luxury market. Cars that cost more than $45,000 account for about 60% of total imported sales. There were about 100,000 of them sold last year.

All Lexus sedans are made in Japan. The IS and GS models are the hottest cars in the United States. The IS and GS are built at the Tahara plant and the Kyushu plant in Japan. In August of 2005 Toyota started selling Lexus in Japan. In August, they sold 156 IS, and in October they sold 2,985 IS,GS and SC.

Toyota always has a policy of not speaking of it’s competitors and they almost always project their numbers to the media lower than they actually sell. Toyota is hoping to sell around 10,000 unit’s in the first year. Oh come on. Theyve already sold 4,548 Lexus in two months. Theyre going to be able to sell the Lexus cheaper in Japan, because that is where they are made, so no shipping cost. My figures come out to about one-third of the luxury market if Toyota keeps up this pace. That would take Mercedes-Benz, BMW and Audi marketshare down in Japan.

Expect Toyota to keep up the pace. By May of 2006 Toyota will introduce the GS 450h (hybrid) in Japan and their LS flagship sedan (which sold 1,635 unit’s in the U.S. in November) by September of 2006.

In the United States Lexus already sells; ES-Series,GS-Series,IS-Series,LS-Series,SC-Series, GX 470,LX-Series, and the RX-Series. Expect the Lexus LS 600h V-8 sedan in 2007.

And just six weeks after introducing the new IS 350 to the American market, Lexus announced today that it will enter the powerful luxury sport sedan in the American Le Mans Series (ALMS) GT2 class in 2006 with a two-car team. After all, the old adage is, race on Sunday, buy on Monday.

lexus_is Lexus gaining marketshare globally Alternative Fuels Automobiles and Energy Hybrids Manufacturers Podcasts Toyota
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By | 2017-03-22T08:08:11+00:00 August 6th, 2005|Categories: Alternative Fuels, Automobiles and Energy, Hybrids, Manufacturers, Podcasts, Toyota|0 Comments

About the Author:

Lou Ann Hammond is the CEO of Carlist and Driving the Nation. She is the co-host of Real Wheels Washington Post carchat every Friday morning and is the Automotive, energy correspondent for The John Batchelor Show and a Contributor to Automotive Electronics magazine headquartered in Korea. Hammond is a member of the North American Car and Truck of the Year (NACTOY), Women's World Car of the Year (WWCOTY), and the Concept Car of the Year.

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