At this week’s Frankfurt Motor Show, Alain Uyttenhoven, Head of Lexus Europe, provided an update on the company’s sales success in Europe.
Let’s start with sales — Lexus’ growth year-to-date is four times that of the premium car market. This type of performance means the company is likely to surpass their 60,000-unit sales goal for 2015, and puts them well on their way to hitting the goal of 100,000 units by 2020.
In the company’s five largest markets in Western Europe, year-over-year sales have increased close to 50%, which is a growth rate five times higher than the rest of the premium market. In Russia, Lexus sales have increased by 15% while the rest of the premium market that has decreased by more than 20%.
Uyttenhoven also discussed NX sales, where more than 50% of buyers are first time Lexus customers. More than 100,000 NXs have been sold globally in less than a year, and Europe represents a quarter of that volume.