List price reductions

[Ken R]

I've noted that there are fairly significant list price reductions, certainly across the RX and NX ranges.

The RX450h+ Premium Plus Pack with Pano roof, special metallic paint and protection pack now £71844 against a previous £74480. Low rate finance and finance contribution still available.

[steve2006]

Perhaps the price reduction is to reflect the increased cost of insuring these vehicles and should be marketed as such.

”Lexus offer a £2500.00 insurance premium contribution for the first year as there is a good chance you won’t still have the car in the second year”

 

[Scotlex]

Possibly car sales are slowing down.

Cars in general since covid are too expensive.

[Tickedon]

Looks like it’s the plugin hybrids which have had reductions? 350h seems to be at same old price? They were already offering higher deposit pcp contributions and lower pcp interest rates vs a standard hybrid.

NX 450h+ premium plus has fallen from £61k to £56k - a bargain for what you get!

I’d bet it’s linked to the zero emissions mandate - they need “credits” worth 22% of car sales, They get one credit per EV, but, can also get partial credits for low co2 emission vehicles - which plugins are - using a complex formula based on average fleet emissions. Someone has clearly worked out they need to sell a few more plug-in cars to balance things… 

[TonyLexus]

My RX450h+ premium plus arrived in the UK last Wednesday and is to be delivered to the dealership in three days time. My dealer has phoned today with the news of the price reduction - tonight may well be a few of these 

Reason given to me, are the points system and the government targets with the ZEV mandate (and the very heavy penalties levied if they are not met)