Lexus drops prices in australia

Lexus drops prices in australia

 

Lexus is the latest Japanese carmaker to announce price cuts for models sold in Australia, in response to the free trade agreement with its home country.

The retail price reduction ranges from $2000 on CT 200h premium hybrid hatch to more than $8600 on the LS limousine.

Lexus Australia chief executive Sean Hanley said the price restructuring provided an opportunity for new customers to experience the Lexus brand.

At the high end of the spectrum, the Lexus LS large luxury sedan drops by more than $8600. It’s unclear what variant exactly is $8600 cheaper, however, the LS 460 starts at $189,430 while the top LS 600h starts at $217,630 before the cuts.

Gone are the days when a five per cent reduction in import duty would be passed on to the consumer as added equipment. Ever since the GFC, importers have sought to maintain a competitive edge – or recover lost profitability by keeping prices fixed where they were.

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