Toyota’s Lexus Beats German Rivals in the US Market

    As per Bloomberg sources, the U.S. luxury market saw Toyota Motors’ premium brand Lexus outselling its German rivals in the QTR 3. They have signaled that the global chip shortage was better handled than their competitors.

    Led by its NX SUVs and RX models, the third quarter saw Toyota clock 81,093 sales that accounted for more than 50 percent of its total deliveries during the period. However, BMW is leading among the top 4 Automakers cumulatively in 2021 till the end of Qtr. 3. BMW depends on its plant in Spartanburg, South Carolina, and is popular for its crossover models like X5 and X3. They delivered 75,619 vehicles for Qtr. 3 as overall auto sales dropped due to Covid-19 outbreaks in Malaysia that affected semiconductor production. 

    Efforts were on to improve the supply chain, the setback in semiconductor availability, however, worsened the scenario. Automakers usually exhaust stockpiles, and other industries cannot spare any surplus to them.  

    According to Michelle Krebs, an analyst with AutoTrader, “Even though Lexus had fewer cars with its dealers, it managed to sell more than BMW and Mercedes-Benz in the third quarter.”

    Krebs said,” We have seen how Toyota managed throughout the shortage with its efficient distribution system. They have managed to supply the vehicles to the dealer quickly despite having the lowest inventory in the industry.

    The smaller dealer network of Toyota helps, unlike the larger mass-based car brands that have to spread thin a limited inventory over a bigger number of retailers.

    While BMW sales grew at 8.7% in the July-September Qtr, compared to the previous year same period, Mercedes fell by 21 %, the biggest hit it took since 2020 QTR 3. Toyota’s Lexus was up by 7.7% in comparison. 

    The president of Mercedes U. operations, Dimitris Psillakis, said in a statement” The shortage of Semiconductors created a challenge in the third quarter despite the brand having a strong demand for models in its line-up.

    Mercedes sales were led by its models GLE SUV and C-Class sedan. It is now planning to introduce the EQS sedan, its flagship electric vehicle, to the U.S. market this fall. 

    The sales of Audi-AG fell by 14% on an annualized basis to 41,019, impacted by chip shortages. The Q3 crossover and Q5 SUV were the biggest selling models, whereas the electric model e-Tron sales plunged by 84%.

    Overall, the sales of all the four luxury brands have seen growth compared to 2020 to date.


    RELATED ARTICLES

    how to make Studio Ghibli-style images

    How to Make Studio Ghibli-Style Images for Free: Learn Here 

    Studio Ghibli’s signature artwork fashion—lush backgrounds, whimsical characters, and problematic information—has captivated audiences for many...
    When was Studio Ghibli founded

    When Was Studio Ghibli Founded: Japan’s Iconic Animation Legacy

    Studio Ghibli is a popular Japanese animation studio, known by many for its stunning movies,...
    Iganony

    IGAnony IO for Instagram: Private IG Account and Story Viewer

    Iganony is a tool that promises discreet Instagram viewing. But does it deliver on its...
    technology trends

    Technology Trends for 2025: The Next Frontier of Innovation

    The digital landscape is changing more swiftly than ever, reconstituting businesses, communities, and everyday life....
    12 Best FinOps Cloud Services for Managing and

    12 Best FinOps Cloud Services for Managing and Reducing Costs in 2025

    Cloud spending keeps climbing. As companies scale, tracking what’s actually worth paying for—and what’s just...
    Best Practices for Your Cloud-Native

    Best Practices for Your Cloud-Native Security Strategy

    Cloud-native computing has revolutionized how organizations build, deploy, and scale applications. With microservices, containers, and...
    cleveland cavaliers vs boston celtics match player stats

    Cleveland Cavaliers vs Boston Celtics Match Player Stats

    Understanding the nuances of the Cleveland Cavaliers vs Boston Celtics match player stats can often...
    the spark shop - online shopping big discount

    The Spark Shop Online Shopping Big Discount for 2025

    The spark shop - online shopping big discount, that's what we all dream about, right?...
    How To Find the Best FD Interest Rate for Senior Citizens Using an FD Interest Calculator

    How To Find the Best FD Interest Rate for Senior Citizens Using an FD Interest Calculator

    FDs are one of the most preferred investment products for senior citizens as they offer...
    What is a Yoga Swing

    What is a Yoga Swing?

    A yoga swing is a fabric hammock or collection of straps that hold your body...
    healthy habits

    Healthy Habits For Your 20s: A Handbook for Long-Term Health

    Your 20s are a transformative decade, shaping your destiny, health, career, relationships, and overall well-being...