Lexus forecasting ‘brighter future’ for provide in 2023

Lexus expects the provision struggles that held it again in 2022 to ease as we transfer into the second half of 2023.

“Seeking to the yr forward we see a a lot brighter future for provide, extra concentrated within the second half [of 2023],” Lexus Australia chief government John Pappas advised media.

“Whereas it stays too troublesome to provide you a full yr prediction at this stage, I’m assured our deliveries will likely be monitoring nicely north of the 2021 operating price earlier than yr’s finish,” he stated.

The model delivered 7089 vehicles in 2022, a drop of 23.7 per cent in comparison with the yr prior.

If the model is to prime its 2021 gross sales as foreshadowed by Mr Pappas, it’ll have to ship not less than 9290 autos this yr.

Mr Pappas advised CarExpert wait instances for the NX hybrid and plug-in hybrid presently stretch to 2 years, though the common look ahead to “most fashions” elsewhere within the vary is between two and 10 months.

“It’s an evolving state of affairs with provide… however we’re hopeful that issues will enhance, significantly within the second half of the yr,” he stated.

“We’re very, very strongly attempting to speak with our vendor community on how we’re going and what’s happening, on the manufacturing facet. And so they’re doing a very good job attempting to maintain prospects knowledgeable,” Mr Pappas advised CarExpert.

Lexus has not too long ago began providing prospects who’ve been ready for greater than 5 months for his or her vehicles entry to some components of the Encore proprietor advantages package deal as a method to make the wait extra palatable.

“It’s solely a latest initiative,” Mr Pappas stated, as a part of a plan to provide soon-to-be house owners a style of what life is like as an proprietor.

“Though they haven’t received their automobile but, allow them to begin experiencing what Lexus is about to allow them to begin to have entry to issues individuals can have entry to in the event that they’re proudly owning a Lexus.”

MORE: VFACTS gross sales figures for 2022