Toyota sees Lexus European sales advance (UP 16%)
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February 28, 2006
Reuters /
GENEVA - Toyota Motor Corp expects sales in Europe of its premium Lexus brand to rise to 65,000 units by 2010 from around 45,000 this year, Toyota Motor Europe Executive Vice-President Takis Athanasopoulos told Reuters on Tuesday.
Toyota aims overall to sell more than 1 million vehicles in Europe in 2006 including Turkey, Athanasopoulos said.
European group sales including Lexus but excluding Turkey -- where the group had around 30,000 unit sales last year -- rose 5 percent in 2005 to 964,208 vehicles in a flat overall market, driven by demand for its Toyota Corolla and Corolla Verso.
Athanasopoulos said European sales of its Prius hybrid were set to advance to around 25,000 this year from 19,000 last year and 8,000 the year before, but could be higher if enough of the Japanese-made cars were made available to meet demand.
"Our sales plan is to increase to 25,000," he said at the Geneva car show, adding supply constraints were limiting the model's sales potential.
The up-market Lexus faces stiff competiion from established premium brands in Europe, but Toyota is determined to make it a success, Toyota President Katsuaki Watanabe told reporters in Geneva.
Lexus boosted its European sales by 16 percent to 28,777 units last year thanks to a seven-fold rise in deliveries of its revamped GS full-size model.
A hybrid version of the GS450 model comes out shortly.
Athanasopoulos said hybrid versions of the Lexus could account for up to 25 percent of the brand's European sales this year.
It launches its flagship LS460 version in Europe in September and follows up with a hybrid version of the model next year.
source : detnews
Reuters /
GENEVA - Toyota Motor Corp expects sales in Europe of its premium Lexus brand to rise to 65,000 units by 2010 from around 45,000 this year, Toyota Motor Europe Executive Vice-President Takis Athanasopoulos told Reuters on Tuesday.
Toyota aims overall to sell more than 1 million vehicles in Europe in 2006 including Turkey, Athanasopoulos said.
European group sales including Lexus but excluding Turkey -- where the group had around 30,000 unit sales last year -- rose 5 percent in 2005 to 964,208 vehicles in a flat overall market, driven by demand for its Toyota Corolla and Corolla Verso.
Athanasopoulos said European sales of its Prius hybrid were set to advance to around 25,000 this year from 19,000 last year and 8,000 the year before, but could be higher if enough of the Japanese-made cars were made available to meet demand.
"Our sales plan is to increase to 25,000," he said at the Geneva car show, adding supply constraints were limiting the model's sales potential.
The up-market Lexus faces stiff competiion from established premium brands in Europe, but Toyota is determined to make it a success, Toyota President Katsuaki Watanabe told reporters in Geneva.
Lexus boosted its European sales by 16 percent to 28,777 units last year thanks to a seven-fold rise in deliveries of its revamped GS full-size model.
A hybrid version of the GS450 model comes out shortly.
Athanasopoulos said hybrid versions of the Lexus could account for up to 25 percent of the brand's European sales this year.
It launches its flagship LS460 version in Europe in September and follows up with a hybrid version of the model next year.
source : detnews
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Originally Posted by 1SICKLEX
Wow, up 16%, that is a big deal, especially considering the GS is very expensive. Its not like sales increased with a 1-series competitor.
Though, lol, Lexus sales r literally a drop in the bucket in Europe, compared to BMW, Audi and Benz.
Though, lol, Lexus sales r literally a drop in the bucket in Europe, compared to BMW, Audi and Benz.
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Originally Posted by LexArazzo
The vast majority of the German big 3's sales there are the low end models not available here & the diesel/small engine versions of the 3, 5, C, E etc. that's also not available here though. They have to offer more diesel or diesel hybrid versions of Lexus there in order to get closer . . .
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Originally Posted by LexArazzo
The vast majority of the German big 3's sales there are the low end models not available here & the diesel/small engine versions of the 3, 5, C, E etc. that's also not available here though. They have to offer more diesel or diesel hybrid versions of Lexus there in order to get closer . . .
Other than that, Lexus does not have enough dealers to do much more... so they are now building bigger dealer network in Europe to facilitate that growth.
Lexus will definetly have an advantage because when it comes to brand building, because it doesnt have low powered models. I am not sure how luxurious 116i is, when it is slower than Corolla. Or 520. Or 318d. Or A/B class, etc, etc. Eventually, it will be an advantage.
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Originally Posted by LexArazzo
The vast majority of the German big 3's sales there are the low end models not available here & the diesel/small engine versions of the 3, 5, C, E etc. that's also not available here though. They have to offer more diesel or diesel hybrid versions of Lexus there in order to get closer . . .
Over there, It's like a Crown Vic.
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Originally Posted by JLSC4
Yeah, many of their Taxicabs and even police cars are Benz's and Bimmers.
Over there, It's like a Crown Vic.![Stick Out Tongue](https://www.clublexus.com/forums/images/smilies/tongue.gif)
Over there, It's like a Crown Vic.
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