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Luxury car brands scrambling to avoid a blue Christmas

DETROIT — When financial markets surge to new records, sales of luxury cars usually rise, too. Instead, October U.S. auto sales reports on Wednesday showed that a collapse in sales of luxury sedans is accelerating. Consumers have gradually shifted over to luxury sport utility vehicles from sedans in the past decade, but the trend — which has occurred in both the non-luxury and luxury sedan segments of the auto market — was particularly pronounced in October. Sales of Daimler AG's Mercedes-Benz S-Class, long a global benchmark for large, premium sedans, plunged 49 percent in October, and are down 24.8 percent for the year to date. General Motors' Cadillac brand said it sold just 779 of its CTS sedans in October. Demand for that car, designed to compete with German luxury sedans, is down nearly 33 percent for the year. "There's still a significant portion of the market that wants a car, but I'm sure there were people who preferred a horse to a car at one point." Cadillac's best-selling model this year is the XT5 compact SUV, which has more than doubled sales from a year ago. The shift within the luxury vehicle market away from sedans toward SUVs of all sizes is forcing some of the most prestigious brands to scramble to add SUV models to their lineups or boost SUV production to meet demand. "In the short term, there will be pressure to add (consumer) incentives, cut production or both," said Cox Automotive analyst Michelle Krebs. "And we just don't see an end in sight to this trend." The Dow Jones Industrial Average has been trading at all-time highs, usually a good sign for luxury sedans, but as major automakers reported new U.S. vehicle sales for October on Wednesday, sales for passenger cars continued their slide while luxury SUV and crossover sales rose again. According to Kelley Blue Book data, in 2007 luxury sedans made up 7.6 percent of U.S. new vehicle sales, while luxury SUVs made up 4.2 percent. Through September this year, luxury SUVs made up just over 7 percent of the market, compared with 4.9 percent for luxury sedans. In the short term, luxury brands could use holiday season sales promotions to clear slow-selling sedans off dealer lots, analysts said. Toyota's Lexus brand said on Wednesday it will launch its "December to Remember" year-end sales promotion for the 18th straight year.

2022 Lexus RX Review | Smooth, quiet and well-built for mass appeal

The 2022 Lexus RX has been a long-running and well-liked premium crossover. Currently in its fourth generation, the design has gotten considerably more avant-garde in its styling, though we’ve now had plenty of time to accustom ourselves to design cues like the "spindle grille" (an aesthetic shared across the Lexus lineup). While it may not be the newest, flashiest or most powerful midsize crossover on the market, it has broad appeal thanks to its standard V6 and optional hybrid powertrains, two- or three-row formats, attractive interior, comfortable ride and reliable Toyota underpinnings. ItÂ’s not superlative in any way compared to the competition, but it strikes a fine balance that will make it the right crossover for a wide range of customers. Interior & Technology   |   Passenger & Cargo Space   |   Performance & Fuel Economy What it's like to drive   |   Pricing & Features   |   Crash Ratings & Safety Features What's new for 2022? While there are no significant changes for the 2022 model year, the RX does offer new paint colors, and now offers fog lights as a standalone option on any trim. What are the RXÂ’s interior and in-car technology like? The RX interior is a fine place to spend time. With excellent interior design, high-quality materials and attention to detail, youÂ’ll never forget that this is a premium vehicle. The cabin isnÂ’t just stylish, attractive and comfortable; itÂ’s also clearly well-built with good fit and finish, sturdy touchpoints, soft plastics, smooth faux leather and textures that are pleasing to both the eye and the fingertip. If youÂ’ve had nightmares about weird infotainment interfaces of Lexuses, including bizarre joysticks and frustrating touchpads, you can sleep well knowing the RX began using an actual touchscreen for the 2020 model year. We like the higher-end 12.3-inch units (part of the Navigation Package) more than the standard 8-inch screen, as itÂ’s simply easier to use, and can put more information on display. If you had already gotten used to LexusÂ’ kooky interfaces, youÂ’re in luck — thereÂ’s still a touchpad down below you can use. You can also use voice recognition if you want to keep your hands on the wheel. The RX also provides Apple CarPlay, Android Auto and Alexa compatibility as standard. A head-up display and wireless phone charger are available as options. This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings.

The new 2018 Lexus LS 500h hybrid V6 makes V8 power

With hybrids en vogue in Geneva, Lexus has taken the opportunity to debut the all-new 2018 Lexus LS 500h. The V6 is paired to two electric motors for a healthy total of 354 horsepower, just not far off the a V8-powered LS 460. It is down quite a bit from the outgoing 438-horsepower LS 600h but still enough to send the LS 500h to 60 miles per hour in 5.4 seconds. The hybrid system is similar to the one in the new LC 500h coupe, which combines the traditional Toyota hybrid two-motor CVT with a 4-speed automatic for better responsiveness, less of the "rubber band" CVT sensation, and (of course) greater efficiency. It should also help keep the LS 500h relatively quiet at full bore, keeping it in line with the "whisper quiet" mantra of the new LS. The new lithium-ion battery pack is 20 percent smaller than the outgoing nickel-metal battery, though Lexus claims power density has been improved. Styling changes to the hybrid are minor. It still features the love-it-or-hate-it spindle grille that's permeated throughout the Lexus lineup, but other than a handful of hybrid badges and the typical blue ring around the badge, it's hard to spot the difference between the models. The interior appears to have a few minor trim changes, including some new reptile scale-like door panels. While fuel economy hasn't been announced, expect improvements over the outgoing model's 19 city/23 highway rating. Look for more news on fuel economy and pricing in the next few months. Related Video: