Luxury car brand Lexus reported a 122-percent increase in sales to 897 units in the first semester of 2023 from
Lexus Manila chairman Vicente Socco said the brand secured an upper hand in sales among the luxury car brands with 40-percent market share.
“The popularity of Lexus is a testament to the class-leading brand experience that is offers—from our wide and complete line-up of luxury vehicles, the top rate purchasing experience and unmatched ownership experience that we craft and deliver to our guests,” Socco said. “Six of nine of our main models all come with hybrid electric drivetrains. Last May, we introduced our first ever full battery electric model, the RZ 450e. As of June, the share of electrified to total sales has soared to 60 percent, a clear indication of the popularity and acceptance of hybrids as an immediate solution to carbon neutral – yet fun to drive – mobility,” he said.Socco said that based on the report of GT Capital Auto and Mobility Holdings Inc.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Cybersecurity and safety technology take center stage at Transport & Logistics Philippines 2023 ExpoSafety and security concerns both modes of transportation and logistics, and the most apparent rising kind of security threat is cybercrime, to which transportation infrastructures and companies are particularly exposed. Because control and management systems may be accessed remotely, the rise of information technologies and their accompanying networks has created new vulnerability types.
Read more »
The Transport & Logistics Philippines 2023 Expo and Forum happening on August 17-19 is designed to propel businesses forwardThe Transport and Logistics Philippines 2023 Expo, scheduled from August 17-19, 2023 at the World Trade Center Metro Manila will
Read more »
Ongchuan named most outstanding PH governor at Gawad Parangal 2023 in Davao CityTACLOBAN CITY – Northern Samar Gov. Edwin Ongchuan has been awarded as the most outstanding governor in the Philippines at the 2023 Gawad Parangal in Davao City on Tuesday, August 15.
Read more »
Smart lights up MOA Ball for FIBA Basketball World Cup 2023The MOA Ball is the latest installation from Smart to drum up the country's historic hosting of the FIBA Basketball World Cup from August 25 to September 10.
Read more »
CAMPI: 239,501 vehicles sold as of July 2023A 31% year-on-year growth
Read more »
TOP PERFORMING SCHOOLS: August 2023 Mechanical Engineers and Certified Plant Mechanics Licensure ExaminationHere's the list of the top performing schools in the August 2023 Mechanical Engineers and Certified Plant Mechanics Licensure Examination
Read more »