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Lexus targets 56.3% China sales growth for 2012

Feb. 1, 2012 (China Knowledge) - Japanese auto giant Toyota Motor's luxury unit Lexus plans to sell 88,000 vehicles in China this year, 56.3% more than its total sales in 2011, sources reported.

Last year, Lexus' 81 dealers in China sold 56,303 vehicles, reflecting a year-on-year climb 6% from 53,000 units it sold in 2010. But the luxury auto maker did not meet its 2011 sales target of 63,000 units, dragged down by earthquake in Japan last March, which severely affected auto part supplies for Japanese manufacturers.

By the end of 2011, Lexus had sold more than 210,000 vehicles since it arrived in China in 2005 via imports, and 15 Lexus models, including four hybrid ones, are being sold in the country.

Lexus will consider building facilities in China for local production if the company imports more than 100,000 autos to China per year, said Akira Sasaki, Senior Managing Director of Toyota Motor.







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