Reduced Import Tariffs in China Should Mean Big Business for Lexus

Posted by Kevin on May 29th, 2018

China has reduced automotive import tariffs from 25% to 15% in an effort to open up the country’s markets and spur development of the local auto sector.

The timing of this lower rate could not come at a better time for Lexus, the only luxury brand in China that imports 100% of its vehicles. The ES sedan is currently the best-selling import in the country, and its success has elevated Lexus to the second-largest vehicle importer in the country. Factor in the upcoming next-generation ES, and Lexus will be well-positioned to see a significant increase in overall sales.

China imported 1.22 million vehicles last year, or about 4.2 percent of the country’s total sales of about 28.9 million automobiles.

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Comments
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spwolf
Compared to what though? 305 units of LS500h (dont know ratio to V6), for Lexus size in China is roughly comparable to LS sales in USA, and certainly a lot more than EU.

Again, it is more than they sold RX450h, context is the key here.
Yea, I’d say 305 unit of LS500h is an accomplisment. I’m guessing they are probably selling another 600 units of LS350? That is a real come back for LS in the market.
S
New numbers are up for May 2018. Due to recent policy change monthly sales are down 58% month-to-month and down 35% year-to-year. However accumulated sales until May for 2018 is up 19.2%. After another weak June and July they should be able to go full throttle towards the 150k target in H2.

I have yet found a model-by-model breakdown of the figures, although I doubt they are relevant considering the context. Could someone post English sources when they become available?
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ssun30
New numbers are up for May 2018. Due to recent policy change monthly sales are down 58% month-to-month and down 35% year-to-year. However accumulated sales until May for 2018 is up 19.2%. After another weak June and July they should be able to go full throttle towards the 150k target in H2.

I have yet found a model-by-model breakdown of the figures, although I doubt they are relevant considering the context. Could someone post English sources when they become available?
sure
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ssun30
New numbers are up for May 2018. Due to recent policy change monthly sales are down 58% month-to-month and down 35% year-to-year. However accumulated sales until May for 2018 is up 19.2%. After another weak June and July they should be able to go full throttle towards the 150k target in H2.

I have yet found a model-by-model breakdown of the figures, although I doubt they are relevant considering the context. Could someone post English sources when they become available?
Toyota sales up 8.6%:

BEIJING (Reuters) - Toyota Motor Corp’s (7203.T) vehicle sales in China rose 8.6 percent in May from a year earlier to 122,400 vehicles, the company said on Tuesday.

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