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Sedans Lexus LS 460/460L Lexus LS 460/LS 460L Styling Impressions
3321 messages, Last post on Apr 22, 2007 at 12:29 PM
You are in the Lexus LS 460/460L Forum. Your Hosts are pat & karens
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Replying to: nexuslexus (Aug 10, 2006 7:45 pm)
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Replying to: nvbanker (Aug 10, 2006 8:38 pm)
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Replying to: nexuslexus (Aug 11, 2006 4:23 am) 
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Replying to: nvbanker (Aug 11, 2006 10:01 am) |
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Replying to: stevekilburn (Aug 08, 2006 1:48 pm)
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Replying to: atlas7 (Aug 11, 2006 12:45 pm) In other words as of today 1. LS 460 = $65-67K at least 2. LS 460L = $70-72K at least Lexus will have to discard cut-rate pricing in a gradual way so that it can compete with germans on an equal footing globally. It should gradually raise the pricing to compete with 7-series over next 4-5 years and keep the technological edge. Keeping the price down may work for value models like the Toyotas but in Luxury arena we need premium pricing. If a great product is value-priced compared to its competitors it casts a negative psychological influence on prospective customers in well developed markets like US, Europe and Japan. Please remember that the original aim of Lexus LS to provide value back in 1990 was to gain market share through cut-rate pricing and give the customers a taste of Lexus. The value pricing or cut-rate pricing in itself was not the end goal. it was a starting point at least in my opinion. Now, after 17 years if LS continues to be offered at 21% discount compared to Audi A8 and 45% discount compared to S550 then it will generate a negative subliminal effect on prospective buyers. The goal now should be to establish LS as a global flagship competitor to S-class. And premium pricing at least matching Audi A8 and then gradually raising it to 7-series is the way to go. I do understand your point that Lexus should offer you the car loaded with value, but I am afraid it will be bad for Lexus brand as a whole. Steve
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I just noticed that on googling Lexus LS and other german brands, the results from wikipedia are highly ranked. Upon visiting these wikipedia webpages, I noticed how well written are the articles on german cars like BMW 7-series and S-class as well as Porsche. On the other hand articles on lexus LS etc are very poorly written. It seems that the PR departments of european brands are very active and alert, whereas the PR department of Lexus and Lexus enthusiasts are oblivious to the urgent need of revamping these articles on wikipedia. Wikipedia is here to stay and is getting ever more prominent day by day. |
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How a Luxury brand should evolve its pricing strategy: *1. Stage1 : Offer more for Less. example, LS 400 in 1990. *2. Stage2: Offer more for same: this is where lexus should be. *3. Stage3: offer Same for Same: example Audi A8 and BMW 7-series are very close in pricing offering similar contents at similar pricing. Audi is slightly less expensive because of less horsepower and less gadgets. * Stage 4: Offer same for more: This is where S-class is. It offers similar horsepower, gadgets, comfort, prestige, for a lot more money because it is well established. More so than BMW and Audi. Lexus should evolve from stage 1 to stage 2 now and price its products head-to head with Audi A8 at least. |
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Replying to: stevekilburn (Aug 11, 2006 3:57 pm)
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