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Lexus parts prices cut in China amidst antitrust fears

It's been a topsy-turvy summer for foreign businesses in China ever since that country's National Development and Reform Commission and State Administration for Industry & Commerce launched a horde of investigations into anti-monopoly practices. When the law outlining monopolistic behavior was passed in 2008 foreign companies appreciated it, expecting it to illuminate some of the more opaque corners of Chinese government enforcement. That hasn't exactly been the case, and now as more than 1,000 auto-sector firms get investigated and pay huge fines to settle the nebulous charge of having prices that are too high, that hoped-for clarity is all but gone.
A recent news report said Audi, Chrysler and Daimler "would be punished for unspecified violations" concerning the prices of spare parts. Earlier this month Toyota said that Lexus China was being looked at, and before there's been any public notification of punishment Lexus has decided to lower the price of its replacement parts. From next month, customers will save an average of 26 percent on roughly 15,000 parts. It's unknown whether the move will appease authorities enough to end the investigation, which outside analysts have said targets foreign firms in China over domestic industry.

Dear rich people, skip the SUVs and big sedans. Buy a coupe!

Pretty much from the first time I drove a Lexus LC, I fell in love with the car (and most of us on staff have similar feelings). And having spent a week recently in a 2022 LC 500h variant, I'm still as fond of it as ever. It is, in many ways, a near perfect grand tourer. It's got stunning good looks (confirmed by various strangers asking about it) with details at home on a concept car. I'll never get tired of the infinity mirror taillights. The interior does the same with leather and suede over nearly every surface and even more styling flair from the grooves in the doors to the floating handles. And finally, it's lovely to drive. Even with the hybrid engine, it's smooth and fairly swift, and the ride and handling are just on the sporty side of comfortable: great to commute in, and happy being pushed a little bit. It's a car that's so good, that I found myself wondering, why aren't there more of them? And I'm not just talking about LCs (even though the LC is so good it really deserves to be selling in massive numbers). Why aren't there more personal luxury coupes and grand tourers? It certainly wasn't always that way. The mid- to late-20th century was the heyday of the luxury coupe. America led the way with enormous Cadillac and Lincoln hardtops with as much sheet metal on either end as it had in the middle. But later in the century, as more luxury automakers jumped in, we got more svelte GT-style cars from BMW (8 Series), Lexus (SC), Acura (Legend) and more. Classy two-door luxury was a thing. But now the number of high-end coupes are dwindling not just in sales, but in offerings. Mercedes killed its S-Class coupe a few years ago, and it's been ages since we've seen anything of the sort from Cadillac, Lincoln and others. Ok, so I literally know why they're not much of a thing anymore, at least to an extent. Coupes just aren't the popular body style. That crown goes to SUVs. Just look at BMW's sales for proof. It sold around 1,400 8 Series models in the first quarter of this year, and that's including convertibles, coupes and the Gran Coupe four-door hatchback. In contrast, it sold more than 6,400 X7s, the effective SUV equivalent to the 7 and 8 Series cars. And I have no doubt that there's more going on than the desire for the big, truck-like shape. There's also the practicality of having an SUV.

Lexus planning second flagship alongside LS sedan

Lexus is planning to launch another flagship to slot alongside the LS sedan, but we don't know if it will be a coupe or a crossover. The coupe has been the persistent rumor. Lexus showed the two-door LF-LC concept in 2012 and a production model could borrow its underpinnings from the LS sedan. It's tipped to wear the letters LC or to revive the SC nameplate. The previous SC launched in 1991 as a fixed-roof coupe and offered inline-six or V8 engines. It was replaced in 2001 with the SC430 that had a V8 and a folding hardtop. While the coupe idea may seem like the leading candidate, the company's ambiguity is leading to speculation that the new flagship could adopt a different body-style altogether. "We need a flagship," Lexus general manager Jeff Bracken told Reuters. "It doesn't have to be a sedan." "In addition to the LS, there could be another flagship in our lineup," Bracken said. "We'll define what it is in January." The comments suggest something will be revealed at the Detroit auto show and could open the door to a new flagship SUV or crossover. That position is currently held by the LX 570, which is closely based on the Toyota Land Cruiser. However, sales of the LX have been less than stellar. From the 14,000-plus units Lexus sold of the original LX 470 when it launched in the US back in 2000, annual sales have dropped to just over 4,000 the last few years. Mercedes regularly sells over 25,000 of its GL-Class crossovers each year in the US alone. Last year Audi sold 18,000 Q7s here despite its imminent replacement. Land Rover sold nearly 13,000 Range Rovers last year and another 18,000 Range Rover Sports. Meanwhile, Cadillac typically sells between 20,000 and 30,000 Escalades every year, down from the 50,000-60,000 it sold a decade ago. A facelift is due for the LX that ought to spike sales a little, but Lexus will need more than a refresh to catch up with those rivals. In the meantime, it reportedly plans to roll out a three-row variant of the new RX before its lifespan is over. "We don't want to wait for a next generation" to give the RX the added seating capacity many customers are demanding, said Bracken. Related Video: