Lexus Debuts in Egypt with Two-Model Lineup

Posted by Kevin on May 23rd, 2018

Lexus is set to launch in Egypt starting in June with two flagship models — the LS sedan and the LX SUV.

The brand has set modest goals to start, projecting sales of 20 cars by the end of 2018 and 60-70 cars by the end of 2019. From Daily News Egypt:

“There is tense competition in the Egyptian car market, but Lexus, with its great potentials, will rearrange car market shares,” said Ahmed Monsef, CEO of Toyota-Egypt, after signing the Lexus distribution contract in Egypt.

Pricing has been announced. with the LX starting at EGP 5.1m ($284,860 USD) and the LS starting at EGP 5.75m ($321,166 USD).

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Comments
T
Wow. Roughly $300k USD for the LX and LS? That's expensive. Does Egypt have some crazy import or tax scheme or is the currency exchange rate?
zeusus
Or it just could be the the income disparity in Egypt is so huge that it only makes sense to sell that high with volume so low.
Lexus Cohen
TheNerdyPotato
Wow. Roughly $300k USD for the LX and LS? That's expensive. Does Egypt have some crazy import or tax scheme or is the currency exchange rate?
Toyota Landcruiser is $174,896 in Jamaica.
S
TheNerdyPotato
Wow. Roughly $300k USD for the LX and LS? That's expensive. Does Egypt have some crazy import or tax scheme or is the currency exchange rate?
seems like there is 135% customs tariff on imported vehicles, plus whatever sales tax is.

But supposedly they might actually lower it down, hence Lexus entering.
maiaramdan
Yeah very crazy
I paid around 500% on my current GS-F

There's custom tariffs and then a VAT
and the custom per car options if it had screens and leather so it takes you to a lux. level customs and so on

The good news that I can finally makes the services at Lexus dealer
R
Good Post.
S
^^So you bought a GS-F for more than an LFA?
maiaramdan
Something like that
You are nearly true

Ironically it cost me 3 million Egyptian pounds in 2016 when the 1 usd = 7 egp
Now if someone want to make something crazy as I did, it will cost him/her nearly 9 million Egyptian pounds

M