RealCarTips Logo

Lexus May Offer Better Deals to Keep Sales High

July 29, 2010

Lexus It used to be "the relentless pursuit of perfection." Now it's the relentless pursuit of slipping market share.

With Toyota's recent high-profile recalls, Lexus sales have slipped -- and several other companies are vying to be number one in the luxury car sector.

Bloomberg reports, "After 10 years on top in the U.S., Toyota Motor Corp.'s Lexus risks relinquishing its best-seller status among luxury brands to Daimler AG's Mercedes-Benz."

The reasons include problems with fuel leaks, engines that may stall, and roll over risk. This in addition to Toyota's 8 million vehicles recalled for defects linked to unintended acceleration.

So far in 2010, Lexus has sold 107,430 cars in the U.S. -- compared to 106,972 vehicles by its next biggest rival, Mercedes-Benz. And BMW isn't far behind with 100,632 cars sold in the U.S. through June, 2010.

Unless it cleans up its act quickly and convinces customers that its quality problems are over, Toyota's Lexus could fall behind both German brands.

This is all good news if you're planning on buying a luxury vehicle. The competition is fierce and we can expect to see some great deals being offered through the end of the year.

My Recommendation for Car Shoppers

TrueCar and Edmunds are the quickest way to see the lowest car prices in your area. These sites show you no-haggle prices from dealers closest to you - and the deals are usually really good. This should be the first step you take when negotiating your car price. Follow this up with my checklist to make sure you squeeze out every last bit of savings.
- Gregg Fidan

Each week, I'll keep you up-to-date on the latest car deals and news that might affect your purchase. This includes...
  • Best Rebates, Incentives, and Lease Deals
  • Latest Car Buying Scams and Tricks
  • The Best & Worst Time to Buy a Car
  • Which Cars You Should Avoid
Enter Your Email Below

(Absolutely NO SPAM, easy to unsubscribe)
×

Gregg Fidan

About: Gregg Fidan


Gregg Fidan is the founder of RealCarTips. After being ripped off on his first car purchase, he devoted several years to figuring out the best ways to avoid scams and negotiate the best car deals. He has written hundreds of articles on the subject of car buying and taught thousands of car shoppers how to get the best deals.

Latest Weekly Car Buying Tips    RSS Feed

November 21, 2019
November 14, 2019
November 7, 2019
October 31, 2019
October 24, 2019
October 17, 2019
October 10, 2019
October 3, 2019
September 26, 2019
September 19, 2019
September 12, 2019
September 5, 2019
August 29, 2019
August 22, 2019
August 15, 2019
August 8, 2019
August 1, 2019
July 25, 2019
July 18, 2019
July 11, 2019
July 4, 2019
I welcome your car buying questions. Email Me and I'll be glad to answer them!