SobeSVT
01-04-2011, 02:05 PM
Lexus Holds Off BMW, Mercedes to Retain Top U.S. Luxury Spot
Bloomberg (http://www.bloomberg.com/news/2011-01-04/lexus-holds-off-bmw-mercedes-to-retain-no-1-u-s-luxury-spot.html?cmpid=yhoo)
By Tim Higgins -
Jan 4, 2011 3:28 PM ET
http://img251.imageshack.us/img251/3623/lexuslogo.jpg
Toyota Motor Corp.’s Lexus outsold Bayerische Motoren Werke AG’s BMW and Daimler AG’s Mercedes-Benz last month in the U.S., as the Japanese brand secured the top spot in U.S. luxury auto sales for the 11th straight year.
Lexus sold 27,560 cars and sport-utility vehicles in December in the U.S. and 229,329 for 2010, the Toyota City, Japan-based automaker said today in a statement. The brand’s sales fell 3.5 percent in December compared to a year ago while rising 6.2 percent for the total year.
The results left Lexus with a 9,216 sales lead for the year over Munich-based BMW’s namesake brand, less than half the 19,473 gap in 2009. Mercedes’s U.S. sales rose 14 percent in 2010, leaving the Stuttgart, Germany-based automaker’s brand in the third position.
“It was a bit of a roller coaster” for Lexus last year, said Jesse Toprak, an industry analyst with TrueCar.com, a website that tracks auto sales. “They certainly got impacted negatively by the lingering recall news for Toyota and we’ve also seen BMW and Benz being more aggressive when it came to incentive spending and marketing.”
Full text at the link
Bloomberg (http://www.bloomberg.com/news/2011-01-04/lexus-holds-off-bmw-mercedes-to-retain-no-1-u-s-luxury-spot.html?cmpid=yhoo)
By Tim Higgins -
Jan 4, 2011 3:28 PM ET
http://img251.imageshack.us/img251/3623/lexuslogo.jpg
Toyota Motor Corp.’s Lexus outsold Bayerische Motoren Werke AG’s BMW and Daimler AG’s Mercedes-Benz last month in the U.S., as the Japanese brand secured the top spot in U.S. luxury auto sales for the 11th straight year.
Lexus sold 27,560 cars and sport-utility vehicles in December in the U.S. and 229,329 for 2010, the Toyota City, Japan-based automaker said today in a statement. The brand’s sales fell 3.5 percent in December compared to a year ago while rising 6.2 percent for the total year.
The results left Lexus with a 9,216 sales lead for the year over Munich-based BMW’s namesake brand, less than half the 19,473 gap in 2009. Mercedes’s U.S. sales rose 14 percent in 2010, leaving the Stuttgart, Germany-based automaker’s brand in the third position.
“It was a bit of a roller coaster” for Lexus last year, said Jesse Toprak, an industry analyst with TrueCar.com, a website that tracks auto sales. “They certainly got impacted negatively by the lingering recall news for Toyota and we’ve also seen BMW and Benz being more aggressive when it came to incentive spending and marketing.”
Full text at the link