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Market Insight: Lexus sees stronger growth in 2018

On the way up: A facelifted version of the NX SUV (below) that arrives in the third quarter of this year and the new LS flagship (left) that lobs early next year should push Lexus Australia to a record sales result in 2018.

New models, continued high ‘conquest’ rates to push Lexus sales higher next year

Market Insight logo16 Jun 2017

By DANIEL DeGASPERI

- Lexus Australia chief executive Peter McGregor has cautiously predicted another record sales year for the brand in 2017 despite volume being down 2.3 per cent to the end of May – and 2018 is expected to bring further growth as new models arrive.

- The Japanese premium brand sold a record 9028 vehicles in Australia last year, up 3.9 per cent on 2015 (8691) which was in turn well ahead (+24.2 per cent) of the 7000 units it recorded in 2014, boosted by the first full year of sale of the popular NX SUV launched in October 2014.

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