Lexus Announces New Pricing
23 February 1999
Lexus Announces New PricingTORRANCE, Calif., Feb. 19 -- Lexus today announced price increases for select models while the Manufacturer Suggested Retail Prices (MSRP) for the ES 300 entry-level luxury sedan and the GS 400/300 sports sedan remain unchanged. On a sales-weighted average, the overall price increase for the line-up is 0.3 percent. The MSRP for Lexus' flagship model, the LS 400, will increase $200 to $53,805, a 0.37 percent change. The price of the Lexus SC 400 and SC 300 sport coupes will increase $100, representing a 0.18 percent change for the SC 400 and a 0.23 percent change for the SC 300. The SC 400 will be priced at $55,305 while the SC 300's MSRP will be $43,005. Lexus' volume leader, the RX 300 sports utility vehicle, will increase $200. The MSRP for the front-wheel drive RX 300 will be $32,005, a 0.63 percent change, and the all-wheel drive RX 300 will be priced at $33,405, a 0.60 percent increase. The premium sport utility vehicle, the LX 470, will increase 0.54 percent, or $300, to $56,205. The price increases will be effective March 15, 1999.