Lexus enjoyed a record-breaking 2023 with its new car sales volume increasing by almost 50 per cent on the previous year’s total. The strong performance confirms it as one of the fastest-growing brands in a premium car market that overall grew by a more modest 13.6 per cent.
The calendar year saw Lexus deliver 15,963 new vehicle sales, compared to 10,675 in 2022, establishing a new record for the company’s sales volume and premium market share.
Electrified vehicles – hybrid electric, plug-in hybrid electric and battery-electric – accounted for 99.5 per cent of the total in a product line-up that welcomed significant new and revised models. These included the new generation RX and all-electric RZ 450e luxury SUVs and the all-new LM “luxury mover” people-carrier. This year will see the arrival of the all-new LBX compact crossover, which promises to be game-changing vehicle for the brand.
Chris Hayes, Director of Lexus in the UK, commented: “With the challenges all car makers have faced in their supply chains now being somewhat eased, and with the introduction of exciting new models and electrified powertrains, we have been fortunate to build a healthy sales momentum. In the coming year, we expect to see this accelerate further with our entry into a new and valuable market for our brand with the all-new LBX. As well as building our sales further, we hope that the LBX will increase awareness and interest in our brand and our growing product range.”
