Shanghai, June 24 (Gasgoo.com) In the first four months, China sales of Toyota Motor's luxury brand Lexus plunged 36% after a few years of rapid growth. To boost the sales, the 2.4L Lexus ES model will be imported to China in the second half of this year to meet the growing market demand for low-emission cars, sina.com said today.
From January to April, the sales of imported passenger cars in China increased 16% from a year earlier, with Mercedes-Benz, BMW, Audi and Lexus rising 1.5% together. But of the four luxury brands, Lexus saw its sales drop by a staggering 36%. This sales plunge is blamed on the higher sales tax on high-emission cars, as only over-3.0L Lexus models are sold in China.
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