TPP commenter Jesse P.S reminded me of something that was lost in the shuffle of the RX prototype video and the June sales reports — Lexus Canada dropped their prices significantly on July 1st. Here’s the table:
| Canadian Model Price Reductions | ||
|---|---|---|
| Vehicle | Old MSRP | New MSRP |
| 2008 IS 250 | $36,550 | $31,900 |
| 2008 ES 350 | $42,900 | $39,900 |
| 2008 SC 430 | $86,100 | $78,200 |
| 2008 LS 460 | $85,800 | $80,100 |
| 2009 RX 350 | $44,350 | $42,950 |
| 2008 GX 470 | $68,500 | $65,800 |
| 2008 GS 350 AWD | $65,250 | $61,000 |
| 2008 GS 350 RWD | $52,900 | $51,000 |
| 2008 LX 570 | $101,400 | $84,600 |
| 2008 LS 600h L | $125,400 | $119,400 |
| 2008 RX 400h | $55,050 | $53,650 |
| 2008 GS 450h | $71,100 | $69,200 |
This is a stark a market correction as I’ve ever seen. The LX 570 alone sees a cut of $16,800. Even with the smallest reduction (which happens to be the bestselling RX 350) the price is still reduced by $1,400.
(Being a Canadian, my only complaint is that the current apple of my eye, the GS 450h, wasn’t brought more inline with the US price of $55,800. Still, I’m sure potential LX owners are pretty happy about the news.)
[Source: Lexus Canada]