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The Lexus IS was a finalist for Wheels magazine's Car of the Year (COTY) awards and also the World Car of the Year (WCOTY) award in 2006. [155] Kelley Blue Book gave the first-generation IS 300 its Best to Hold Value Award in 2001. [156]
By the end of 2007, Lexus annual worldwide sales had surpassed 500,000 vehicles, [106] and the marque ranked as the top-selling premium import in China for the first time. [107] The largest sales markets in order of size for 2007 were the U.S., Japan, the UK, China, Canada, and Russia.
Toyota Motor Corporation (Japanese: トヨタ自動車株式会社, Hepburn: Toyota Jidōsha kabushikigaisha, IPA: [toꜜjota], English: / tɔɪˈjoʊtə /, commonly known as simply Toyota) is a Japanese multinational automotive manufacturer headquartered in Toyota City, Aichi, Japan. It was founded by Kiichiro Toyoda and incorporated on August ...
Zhongsheng Group. Zhongsheng Group Holdings Limited is a multinational [according to whom?] automotive retail and services company headquartered in Beijing, China. It currently has around 140 dealerships across China and markets brands including Xpeng, Audi, Honda, Infiniti, Lexus, Mercedes-Benz, Nissan, Porsche, Toyota and Volvo. [2]
In 2012, China surpassed Japan as the world's largest luxury market. [2] According to a report by McKinsey in 2019, Chinese consumers are the engine of worldwide growth in luxury spending [3] According to a report by Bain in 2021, China's luxury spending is expected to reach more than half the global market value of luxury goods by 2025. [4]
The next year, the company's aftermarket division acquired the Malaysian company FBK [15] and expanded into China and Malaysia. In 2012, Abdul Latif Jameel established its Energy and Environmental Services division, [16] launched a financial services division to support Toyota sales in Turkey, [17] and opened the first Lexus dealership in China ...
The Lexus LX (Japanese: レクサス・LX, Hepburn: Rekusasu LX) is a full-size luxury SUV sold by Lexus, a luxury division of Toyota since January 1996, having entered manufacturing in November 1995. It is Lexus' largest and most expensive luxury SUV. Four generations have been produced, all based heavily on the long-running Toyota Land ...
The Toyota Land Cruiser Prado (Japanese: トヨタ・ランドクルーザープラド, Hepburn: Toyota Rando-Kurūzā Purado) is a full-size four-wheel drive vehicle in the Land Cruiser range produced by the Japanese automaker Toyota as a "light-duty" variation in the range. The Prado may also be referred to as Land Cruiser LC70, LC90, LC120 ...