Lexus sees higher 2013 U.S. sales even if taxes on wealthy rise

Toyota Motor Corp. expects its Lexus luxury division to post higher sales in the U.S. in 2013, despite the threat of increased taxes on the rich due to a federal budget deal, according to the brand's global marketing chief, Mark Templin. Lexus posted a 24-percent increase in sales in the US for the first
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PUGPROUD - 12/4/2012 4:53:49 PM

-1 Boost

Lexus needs to take off its rose colored glasses and get real. They are excited about rolling out new products throughout the line...but when Porsche, the gold standard, cuts back production for 2013 with the great expanding lineup it has coming on stream Lexus may be way too optimistic. I'm optimist by nature but higher income taxes, higher capital gains taxes, 3% Federal unearned income tax, etc etc is going to have an impact.

CarCrazedinCali - 12/4/2012 5:23:53 PM

+2 Boost

the rich will be fine, they can still afford their luxury cars even if they pay more in tax... class warfare at it's best

PLAY - 12/4/2012 6:50:34 PM

+1 Boost

Exactly. The higher rates aren't even that much higher. It is a very small marginal increase. I would be more worried if I were a manufacturer of non luxury brands and no deal is reached. It will hit the middle and lower classes harder than it will the rich.

PUGPROUD - 12/4/2012 7:43:07 PM

0 Boost

I hear what you are saying but I suspect that Lexus' biggest customer group is not the rich but the marginal rich who will feel the difference.