Tuesday, August 23, 2011

Lexus Might Lose Top Spot

Lexus is overhauling its vehicle lineup as it faces the prospect of losing its spot atop the sales chart in the U.S. luxury market, Bloomberg News reports.
The company will roll out its 2013 Lexus GS 350 in February, Bloomberg said, and it will be redesigned with a larger interior and better handling and acceleration. The car has a 306-horsepower, V-6 engine, with optional "F Sport" high-performance and hybrid versions also due next year, Lexus said.
 The new GS has sportier performance than past versions and is leading the brand into a whole new territory, the company said.
Toyota has had difficulty restocking U.S. Lexus dealers with inventory after Japan's earthquake and tsunami in March. That led to a 19 percent decline in sales for Lexus through July. Those sales trailed those of BMW and Mercedes. Lexus has led luxury sales in the U.S. since 2000.

From The Detroit News: http://detnews.com/article/20110821/AUTO01/108210307/Lexus-revamping-product-line-in-hopes-to-make-up-lost-sales#ixzz1VhiOWUX5

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