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Lower Prices For New Lexus Vehicles?


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Australia is set to sign a Free Trade Agreement with Japan:

http://mobile.news.com.au/finance/economy/australias-free-trade-agreement-with-japan-could-see-prices-fall-for-consumers/story-e6frflo9-1226980714601

It's important not to overestimate the reduction in cost to car dealers. The current tariff is 5% of the Customs Value of the car, which is basically - for Lexus vehicles - the cost of the vehicle to Lexus Australia before it is on-sold to Lexus dealers, before the duty is applied.

So expecting even a $1500 price reduction on a $30000 vehicle - the article suggests $1000 to $2000 - would be too much, given the CV on a $30000 car is much less than $30000. But it should mean a price cut of at least $2000 on most Lexus models, if the savings are passed onto consumers. (On the other hand, the savings may not be passed on, given that the main competitors are from the EU.)

So, who's looking to take advantage of reduced prices? New RC or NX, anyone?

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