Lexus Canada Model Price Reduction

Lexus Canada Price Reductions

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]