Not Logged In Log In   Sign Up   Points Leaders
Follow Us    11:57 AM

GasBuddy News Article

41
votes
Lexus U.S. Chief Says Sales Will Grow Even If Taxes Rise

Bloomberg -- Toyota Motor Corp. (7203) expects to boost U.S. sales of its luxury Lexus model next year even though taxes on the wealthy may rise as a result of a federal budget deal, the brand’s global marketing chief said.

Lexus sales, up 24 percent in the U.S. this year through October, may gain at least 10 percent in 2013, Mark Templin, who is also head of the brand in the region, said in an interview last week at the Los Angeles Auto Show. Demand for luxury autos will grow faster than the industrywide pace, even with a change in tax rates, he said.


Read the Full Article

Submitted Dec 03, 2012 By: GasPasserAB
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Lexus U.S. Chief Says Sales Will Grow Even If Taxes Rise Back to Topics
REPLIES (newest first) Post a Reply
Profile Pic
honda0105
Champion Author Tallahassee

Posts:24,623
Points:2,541,715
Joined:Nov 2008
Message Posted: Dec 6, 2012 6:01:08 AM

good luck. I won't hold my breath.
Profile Pic
TruthMatters
Champion Author New Jersey

Posts:3,681
Points:1,260,085
Joined:Oct 2011
Message Posted: Dec 4, 2012 8:45:28 AM

Very desirable cars. I will buy a Lexus over a Bimmer or Ben z any day of the week!
Profile Pic
jrs4125
Champion Author Indiana

Posts:5,067
Points:1,435,680
Joined:Sep 2011
Message Posted: Dec 4, 2012 7:13:51 AM

Alrighty then
Profile Pic
iFueler
Champion Author Durham

Posts:77,020
Points:1,111,550
Joined:Nov 2012
Message Posted: Dec 4, 2012 1:12:28 AM

high end usually does well
Profile Pic
ManOfLeisureII
Champion Author Philadelphia

Posts:5,298
Points:1,351,040
Joined:Jan 2012
Message Posted: Dec 4, 2012 12:06:15 AM

Good cars, indeed
Profile Pic
bridgerunner
Champion Author Virginia

Posts:11,544
Points:1,892,060
Joined:Jul 2009
Message Posted: Dec 4, 2012 12:04:09 AM

And they are good cars.
Profile Pic
KrsnaDragon
Champion Author Montreal

Posts:6,382
Points:1,413,370
Joined:Nov 2011
Message Posted: Dec 4, 2012 12:04:06 AM

Broken link.
Profile Pic
clpassenubye
Champion Author Los Angeles

Posts:4,532
Points:1,584,305
Joined:Mar 2011
Message Posted: Dec 3, 2012 10:06:07 PM

their sales will grow because their market can afford it
Profile Pic
leemun
Champion Author Utah

Posts:9,116
Points:1,936,960
Joined:May 2010
Message Posted: Dec 3, 2012 9:30:10 PM

Terribly overpriced, but I sure love my old '95 ES300.
Profile Pic
RonElp
All-Star Author El Paso

Posts:763
Points:109,720
Joined:Aug 2012
Message Posted: Dec 3, 2012 9:47:46 AM

A New Lexus... a car for the top 2%.
Profile Pic
fora_7
Champion Author Montreal

Posts:4,410
Points:1,085,925
Joined:Sep 2012
Message Posted: Dec 3, 2012 9:13:47 AM

Lexus is a luxury model. So if you can afford that price, you can go along with the tax rates.
Profile Pic
METEOR49
Champion Author Ontario

Posts:5,719
Points:1,338,985
Joined:Apr 2011
Message Posted: Dec 3, 2012 7:50:20 AM

there is no recession for the rich, only the working stiff is carrying the load . there are people in the u.s. and canada making in excess of 200,000 and paying no tax because of creative accounting and generous write-offs !
Profile Pic
sljbc475
Champion Author Tucson

Posts:7,721
Points:1,753,525
Joined:Dec 2010
Message Posted: Dec 3, 2012 7:43:28 AM

Automobiles sales tax is not the answer.
Profile Pic
bpj13
Champion Author North Carolina

Posts:6,297
Points:1,768,510
Joined:Oct 2009
Message Posted: Dec 3, 2012 7:40:38 AM

Ok
Profile Pic
red5529
Champion Author Alabama

Posts:7,524
Points:2,349,220
Joined:Mar 2008
Message Posted: Dec 3, 2012 7:40:05 AM

any new car should be in good shape 4 years from now. won't be able to afford to drive it anywhere.
Profile Pic
91Hilux
Champion Author New Haven

Posts:3,376
Points:1,456,300
Joined:Aug 2007
Message Posted: Dec 3, 2012 7:38:40 AM

Confidence from a company that never asked for bailout money.
Profile Pic
Goat2008
Champion Author Ontario

Posts:2,076
Points:1,284,210
Joined:Aug 2008
Message Posted: Dec 3, 2012 7:38:00 AM

ok
Profile Pic
BJ1947
Champion Author Oklahoma

Posts:3,333
Points:1,268,170
Joined:Mar 2011
Message Posted: Dec 3, 2012 7:34:15 AM

And who cares?
Profile Pic
bruceha2000
Champion Author Vermont

Posts:2,920
Points:1,301,455
Joined:Sep 2005
Message Posted: Dec 3, 2012 7:33:59 AM

Because the 1% makes more money in a year than most people make in a lifetime. An extra 3% on income over $350K isn't going to affect whether or not they can afford something as cheap (for them) as a Lexus.
Profile Pic
beohbeNJ
Champion Author New Jersey

Posts:5,176
Points:1,322,270
Joined:Sep 2011
Message Posted: Dec 3, 2012 7:32:51 AM

Meh!
Profile Pic
slkmoo
Champion Author Ontario

Posts:4,462
Points:1,181,370
Joined:Apr 2012
Message Posted: Dec 3, 2012 7:32:28 AM

ok
Profile Pic
listerone
Champion Author Boston

Posts:5,400
Points:1,603,040
Joined:Aug 2008
Message Posted: Dec 3, 2012 7:31:41 AM

But then,maybe not!
Profile Pic
Tegger
Champion Author Ontario

Posts:6,568
Points:2,528,340
Joined:Nov 2005
Message Posted: Dec 3, 2012 7:30:28 AM

OK
Profile Pic
RangerBob58
Champion Author Dayton

Posts:6,533
Points:1,512,690
Joined:Apr 2011
Message Posted: Dec 3, 2012 7:29:30 AM

Hmmm...
Profile Pic
spotterFL
Champion Author Florida

Posts:8,458
Points:1,280,605
Joined:Aug 2009
Message Posted: Dec 3, 2012 7:28:40 AM

YUP!

The "haves" will continue to buy......but now it will be the LEXUS instead of the HUMMER.

Profile Pic
Heltonw
Champion Author Montana

Posts:6,834
Points:2,526,205
Joined:Dec 2007
Message Posted: Dec 3, 2012 7:27:22 AM

Spend it before the Feds can take it away.
Profile Pic
LoneGuy
Champion Author Lansing

Posts:11,176
Points:2,964,750
Joined:Aug 2005
Message Posted: Dec 3, 2012 7:27:22 AM

I guess it must be the government leaders buying them. They have ruined the economy for everyone else.
Profile Pic
chuckohio
Champion Author Columbus

Posts:4,555
Points:1,119,825
Joined:Aug 2012
Message Posted: Dec 3, 2012 7:26:31 AM

No big surprise here
Profile Pic
FBI2991
Champion Author Michigan

Posts:7,418
Points:2,035,770
Joined:Nov 2008
Message Posted: Dec 3, 2012 7:26:19 AM

Whatever
Profile Pic
snarkysmarko
Champion Author Baltimore

Posts:4,327
Points:1,096,910
Joined:Nov 2010
Message Posted: Dec 3, 2012 7:25:24 AM

Lexus Chief needs to take a basic course in Economics.
Profile Pic
BummerMan
Champion Author Dallas

Posts:4,792
Points:1,191,395
Joined:Apr 2011
Message Posted: Dec 3, 2012 7:24:57 AM

We'll see...
Profile Pic
Paw5X
Champion Author Gary

Posts:11,150
Points:2,489,000
Joined:May 2005
Message Posted: Dec 3, 2012 7:24:31 AM

Just an over priced Toyota!
Profile Pic
Costello
Champion Author South Dakota

Posts:3,553
Points:1,984,700
Joined:Jan 2007
Message Posted: Dec 3, 2012 7:23:57 AM

Doesn't affect everyone the same
Profile Pic
LocalSpyGuy
Champion Author Tampa

Posts:11,282
Points:2,465,680
Joined:Nov 2008
Message Posted: Dec 3, 2012 7:23:10 AM

For the wealthy, the difference in price would be minimal.
Profile Pic
Liv43kids
Champion Author New Jersey

Posts:1,203
Points:400,010
Joined:Sep 2012
Message Posted: Dec 3, 2012 7:22:32 AM

YEEEEP
Profile Pic
jpgilmor
Champion Author Houston

Posts:4,293
Points:1,395,105
Joined:Feb 2011
Message Posted: Dec 3, 2012 7:22:31 AM

Are they in for a shock.
Profile Pic
naw62
Champion Author Maine

Posts:12,717
Points:2,989,065
Joined:Sep 2006
Message Posted: Dec 3, 2012 7:20:28 AM

Thery won't make it and nothing to do with gas prices
Profile Pic
brbts
Champion Author Charlotte

Posts:5,984
Points:1,458,620
Joined:Feb 2011
Message Posted: Dec 3, 2012 7:11:31 AM

Still can't afford them and it's still a FOREIGN car no matter where it's made!
Profile Pic
doeslayersr
Champion Author Illinois

Posts:13,443
Points:1,807,755
Joined:Dec 2010
Message Posted: Dec 3, 2012 6:47:00 AM

Whatever, Lexus - nothing but an over priced Toyota.
Profile Pic
FPLREP
Champion Author Virginia

Posts:12,595
Points:3,304,310
Joined:Oct 2005
Message Posted: Dec 3, 2012 6:28:48 AM

Beware the "law of unintended consequences."
Profile Pic
Aserdaten
Champion Author Florida

Posts:5,040
Points:2,786,265
Joined:Apr 2006
Message Posted: Dec 3, 2012 6:23:35 AM

Taxes on the wealthy may rise? Unfortunately this might not happen, thanks to narrow-minded politicians afraid of hurting themselves and/or their friends financially. We can always hope, though, that this do-nothing Congress might start doing the right thing instead of just protecting their political agendas.
Profile Pic
pscamp
Champion Author Ottawa

Posts:7,810
Points:1,189,340
Joined:May 2011
Message Posted: Dec 3, 2012 6:13:54 AM

OK
Profile Pic
Jeffro61
Champion Author Cleveland

Posts:5,323
Points:3,087,295
Joined:Oct 2005
Message Posted: Dec 3, 2012 6:07:52 AM

Buy American.
Profile Pic
mar2100
Veteran Author Cleveland

Posts:348
Points:16,925
Joined:Sep 2012
Message Posted: Dec 3, 2012 6:06:32 AM

Doubt it
Profile Pic
Hunter114
Champion Author Chicago

Posts:17,679
Points:2,330,035
Joined:Apr 2009
Message Posted: Dec 3, 2012 6:02:52 AM

How optimistic.
Profile Pic
wkb03
Champion Author Georgia

Posts:3,272
Points:1,000,000
Joined:Aug 2011
Message Posted: Dec 3, 2012 6:02:43 AM

ok
Profile Pic
Straitliner
Champion Author Illinois

Posts:5,116
Points:1,100,435
Joined:Sep 2012
Message Posted: Dec 3, 2012 6:01:34 AM

I wouldnt buy a Lexus if I were to purchase any "luxury" car.
Profile Pic
lindact
Champion Author New Haven

Posts:12,101
Points:2,537,755
Joined:May 2008
Message Posted: Dec 3, 2012 6:00:42 AM

If you can afford it, taxes aren't an issue.
Profile Pic
Caragogo
Champion Author South Carolina

Posts:4,910
Points:1,382,900
Joined:Jul 2011
Message Posted: Dec 3, 2012 5:59:58 AM

They will have their status symbol, whether they can afford it or not.
Profile Pic
SnickersDog
Champion Author Denver

Posts:6,787
Points:1,603,225
Joined:Feb 2011
Message Posted: Dec 3, 2012 5:58:31 AM

Okay.
Profile Pic
turbodog
Champion Author Mississippi

Posts:10,273
Points:2,218,115
Joined:Feb 2009
Message Posted: Dec 3, 2012 5:58:30 AM

Maybe
Post a reply Back to Topics