The current automotive climate is not a favourable one for full-size sedans, luxury or otherwise.
Many automakers have persevered, reinvesting in their flagship sedans despite decreased demand. BMW, for instance, suffered a 29-percent loss in U.S. 7 Series demand over the last decade, yet the company introduced two new generations of 7 Series during that period.
Lexus, however, has allowed the LS to wallow in a pool of its own misery. The car that started it all for Lexus was once a conservative, value priced, marketplace leader in the full-size sector; a car that could beat the overpriced Germans at their own game. Now, the decade-old fourth-generation Lexus LS has all but disappeared from the public consciousness. Sales have fallen 73 percent since 2006.
Toyota has finally determined that it’s time for a new Lexus LS. In fact, it’s been time for a new Lexus LS for quite a while. (Read More…)