Just as we reported UMW Toyota’s price hikes for 2016, Lexus Malaysia has followed suit, releasing its new price list, effective as of January 1. Not all models are affected this time round, but those that do are hit by hikes of as much as RM45k.
The CT 200h range is hit the most, going up by between 7.9% to a staggering 14.0% for the CT 200h F Sport (from RM320,865 to RM365,900, up by RM45,035). Next is the ES line-up, hiked by 4.5-6.1% (RM15k), followed by the flagship LS range, up between 2.9-4.7% (RM25k-40k).
Most significant, perhaps, is the near-consistent range-wide seven percent increase for the NX SUV. The NX 200t F Sport is now priced at RM387,900, compared to RM362,432 previously (up RM25k). Lastly, the RC coupe range is hit by a nominal two percent hike (RM10k-15k).
Spared here are the recently-launched IS, RX and LX models, along with the GS, of which we presume the facelifted version is due soon. Refer to the table above for the full updated price list.
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AI-generated Summary ✨
Comments express frustration over the recent price hikes of Lexus models in Malaysia, especially the ES and NX, with some criticizing the high costs and questioning the value for money. Several commenters feel the increase is unjustified and highlight that Lexus remains relatively unpopular, with low sales figures and perceived overpricing compared to their counterparts in other markets like the US. There's criticism of UMW's pricing strategy, with some attributing the hikes to higher taxes, market conditions, or greed, and others questioning the justification based on currency depreciation or cost calculations. A few comments compare Lexus unfavorably to German luxury brands, and many believe the price increases will deter buyers, with some even stating that only the ultra-rich can afford the cars. Overall, sentiments lean toward disappointment and skepticism about the rationale behind the price hikes.