Lexus volumes are going back up, up way.
Lexus is returning as a main competitor in the luxury car sales race.
Mostly dominated by BMW, Mercedes-Benz and Audi in recent years, a recent report from Bloomberg shows that Lexus might actually be the best-selling luxury brand in America, despite sales figures showing differently.
Through April, Mercedes reported 107,344 in sales while BMW said its sold 105,444 units. Lexus on the other hand, has reported 103,056 in sales but registration numbers in the U.S. tell a different story.
In fact, according to IHS Automotive, the Japanese automaker leads U.S. registrations with 106,549 while the BMW brand has 103,581 and Mercedes is at 103,393. Interestingly enough, that’s a complete flip compared to the sales figures.
The discrepancy between registrations and sales is caused by vehicles being reported as sold when delivered to dealerships instead of only to consumers. Sales figures are typically reported immediately and month-to-month differences typically smooth over time. Through April 2015, Lexus is the only brand that had more registered vehicles than sales.
Helping contribute to the Lexus brand’s resurgence in the luxury car sales race is its new NX crossover, an affordable offering in a growing and highly competitive segment.