Lexus International mid-year 2016 report

Lexus International today announced it sold 319,275 vehicles in the first half of 2016, a 5 percent increase from the same period the last year, propelled by strong global demand for the new LX and the freshly-revised RX luxury utility vehicles, and for the midsize ES sedan during its first year of production at a …

Lexus International today announced it sold 319,275 vehicles in the first half of 2016, a 5 percent increase from the same period the last year, propelled by strong global demand for the new LX and the freshly-revised RX luxury utility vehicles, and for the midsize ES sedan during its first year of production at a new Lexus assembly plant in Kentucky USA.

Continuing growth in China (including Hong Kong) of 26 percent to 46,759 vehicles; and 16 percent across Europe and Russia to 36,405 vehicles, 26 percent in Japan to 28,420 vehicles; and 19 percent in East Asia and 37percent in the Latin America markets supported the global expansion of the Lexus brand.

Weakening demand for large premium sedans contributed to a decline of 4 percent across North America to sales of 162,493, and a soft luxury vehicle market across the Middle East markets led to a drop of 1 percent to 22,484 sales in those countries.

Lexus International executive vice president Yoshihiro Sawa said, “Our designers and engineers have been working to further enhance the styling, performance and emotion of our already well-respected products, and I’m grateful that people are noticing―and appreciating―a new experience with our brand. The bold styling of our newest luxury utility vehicles, the LX and RX, has been particularly well-received.”

Brand Initiatives

Lexus has continued its ten-year presence at the world’s largest design event, the Salone del Mobile di Milano (Milan Design Week). The Lexus Design Award is an annual collaboration with world-renowned designers that encourages up and coming designers to create unique installations that express luxury in unique interpretations of design.

Lexus continues to support and nurture a new generation of emerging filmmakers around the world by producing Lexus Short Films in partnership with The Weinstein Company. For the third season the theme of “Anticipation” was selected as a provocative thought-starter providing an innovative platform for filmmakers’ imaginations. Director submissions were sourced from the worldwide filmmaking community, with four filmmakers being invited to interpret the meaning for their own narrative and tell a story based around their vision.

The Intersect By Lexus luxury culture and cuisine brand experience space and design gallery in Tokyo is celebrating its third anniversary this summer. A second Intersect By Lexus gallery opened in Dubai UAE last year for guests to enjoy Lexus experiences outside of their cars, and a third Intersect By Lexus gallery is expected to open in New York in mid-2017.

Lexus is racing the RC coupe in Japan’s Super GT500 series and in the German VLN endurance racing series at the famous Nürburgring circuit. In North America, Lexus USA is developing a GT3-spec RC F to enter in the IMSA GTD series of pro sportscar racing next year.

Honors

In 2016 Lexus revealed pre-production versions of the coming LC 500 and LC 500h flagship coupe to great acclaim: at the North American International Auto Show the LC earned two “Eyes on Design” awards for Best Production Design and Best Interior Design: the inspiration for the LC, the LF-LC concept had previously won the “Eyes on Design” awards for Best Concept at its reveal in Detroit in January 2012.

Lexus was recognized as the Best Brand in Kelley Blue Book’s 2016 Best Resale Value Awards for the fifth consecutive year.

A separate study of residual value by online automotive data collector Edmunds.com identified a number of Lexus models as retaining high relative value in their classes:

IS 350

 

Best Entry Luxury Car
ES 350

 

Entry Luxury Car honorable mention
GX 460

 

Best Midrange luxury SUV
LS 460

 

Premium Luxury honorable mention
LX 570

 

Premium Luxury SUV honorable mention

The annual Autocar Awards recognized the Lexus IS with the coveted Autocar Used Car of the Year 2016 award.

Lexus has also dominated the Auto Express 2016 Driver Power Survey, with Lexus models topping three categories for the UK’s most reliable used cars. The three winning models were the IS as the most reliable used compact executive car, the RX as the most reliable used 4×4 or SUV, and the GS as the most reliable used executive car.

Product News

The Lexus lineup of hybrid gasoline-electric models expanded in 2016 to offer a range of ten different high-efficiency, ultra-low-emission, luxury vehicles in markets throughout the world:

  1. CT 200h
  2. HS 250h (Japan only)
  3. ES 300h
  4. IS 300h
  5. RC 300h
  6. GS 300h
  7. GS 450h
  8. LS 600h
  9. RX 450h
  10. NX 300h

2016 saw the release of two limited-production, high-style, high-performance cars, the RC F sport coupe and the GS F sport sedan. They share a unique 5.0-liter V8 engine with advanced double-overhead cam (DOHC) cylinder heads incorporating Dual Variable Valve Timing-intelligence, Wide range (VVT-iW).

Lexus also introduced a new 2.0-liter turbocharged engine in the GS, NX, RX, RC and IS models. This all-new double-overhead cam (DOHC) and Dual Variable Valve Timing-intelligence, Wide range (VVT-iW) four-cylinder engine is designed around an proprietary twin-scroll turbocharger integrated into the exhaust manifold.

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