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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.


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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
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honda0105
Champion Author Tallahassee

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Message Posted: Dec 6, 2012 6:01:08 AM

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

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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!
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jrs4125
Champion Author Indiana

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Message Posted: Dec 4, 2012 7:13:51 AM

Alrighty then
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iFueler
Champion Author Durham

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Message Posted: Dec 4, 2012 1:12:28 AM

high end usually does well
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ManOfLeisureII
Champion Author Philadelphia

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Message Posted: Dec 4, 2012 12:06:15 AM

Good cars, indeed
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bridgerunner
Champion Author Virginia

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Message Posted: Dec 4, 2012 12:04:09 AM

And they are good cars.
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KrsnaDragon
Champion Author Montreal

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Message Posted: Dec 4, 2012 12:04:06 AM

Broken link.
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clpassenubye
Champion Author Los Angeles

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Message Posted: Dec 3, 2012 10:06:07 PM

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

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Message Posted: Dec 3, 2012 9:30:10 PM

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

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Message Posted: Dec 3, 2012 9:47:46 AM

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

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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.
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METEOR49
Champion Author Ontario

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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 !
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sljbc475
Champion Author Tucson

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Message Posted: Dec 3, 2012 7:43:28 AM

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

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Message Posted: Dec 3, 2012 7:40:38 AM

Ok
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red5529
Champion Author Alabama

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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.
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91Hilux
Champion Author New Haven

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Message Posted: Dec 3, 2012 7:38:40 AM

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

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Message Posted: Dec 3, 2012 7:38:00 AM

ok
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BJ1947
Champion Author Oklahoma

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Message Posted: Dec 3, 2012 7:34:15 AM

And who cares?
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bruceha2000
Champion Author Vermont

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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.
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beohbeNJ
Champion Author New Jersey

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Message Posted: Dec 3, 2012 7:32:51 AM

Meh!
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slkmoo
Champion Author Ontario

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Message Posted: Dec 3, 2012 7:32:28 AM

ok
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listerone
Champion Author Boston

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Message Posted: Dec 3, 2012 7:31:41 AM

But then,maybe not!
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Tegger
Champion Author Ontario

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Message Posted: Dec 3, 2012 7:30:28 AM

OK
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RangerBob58
Champion Author Dayton

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Message Posted: Dec 3, 2012 7:29:30 AM

Hmmm...
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spotterFL
Champion Author Florida

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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.

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Heltonw
Champion Author Montana

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Message Posted: Dec 3, 2012 7:27:22 AM

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

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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.
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chuckohio
Champion Author Columbus

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Message Posted: Dec 3, 2012 7:26:31 AM

No big surprise here
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FBI2991
Champion Author Michigan

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Message Posted: Dec 3, 2012 7:26:19 AM

Whatever
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snarkysmarko
Champion Author Baltimore

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Message Posted: Dec 3, 2012 7:25:24 AM

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

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Message Posted: Dec 3, 2012 7:24:57 AM

We'll see...
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Paw5X
Champion Author Gary

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Message Posted: Dec 3, 2012 7:24:31 AM

Just an over priced Toyota!
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Costello
Champion Author South Dakota

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Message Posted: Dec 3, 2012 7:23:57 AM

Doesn't affect everyone the same
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LocalSpyGuy
Champion Author Tampa

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Message Posted: Dec 3, 2012 7:23:10 AM

For the wealthy, the difference in price would be minimal.
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Liv43kids
All-Star Author New Jersey

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Message Posted: Dec 3, 2012 7:22:32 AM

YEEEEP
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jpgilmor
Champion Author Houston

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Message Posted: Dec 3, 2012 7:22:31 AM

Are they in for a shock.
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naw62
Champion Author Maine

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Message Posted: Dec 3, 2012 7:20:28 AM

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

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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!
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doeslayersr
Champion Author Illinois

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Message Posted: Dec 3, 2012 6:47:00 AM

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

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Message Posted: Dec 3, 2012 6:28:48 AM

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

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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.
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pscamp
Champion Author Ottawa

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Message Posted: Dec 3, 2012 6:13:54 AM

OK
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Jeffro61
Champion Author Cleveland

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Message Posted: Dec 3, 2012 6:07:52 AM

Buy American.
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mar2100
Veteran Author Cleveland

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Message Posted: Dec 3, 2012 6:06:32 AM

Doubt it
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Hunter114
Champion Author Chicago

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Message Posted: Dec 3, 2012 6:02:52 AM

How optimistic.
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wkb03
Champion Author Georgia

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Message Posted: Dec 3, 2012 6:02:43 AM

ok
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Straitliner
Champion Author Illinois

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Message Posted: Dec 3, 2012 6:01:34 AM

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

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Message Posted: Dec 3, 2012 6:00:42 AM

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

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Message Posted: Dec 3, 2012 5:59:58 AM

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

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Message Posted: Dec 3, 2012 5:58:31 AM

Okay.
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