Lexus ES 240 to be built for Chinese markets only
#16
Lexus Champion
Thread Starter
Ah, interesting, and goes to your point that the 2.4L isn't used in the U.S. Camry either. A ES 250 does sound better.
#17
From what I've heard Toyota's new line of 4 cylinders mated to the 6 speed automatic is very impressive.
#19
I think its a good idea, especially for that market.
I remember another thread here in CL asking the question why can't we have an LS350 right here in the US.
Prop's to Lexus for seeing an opportunity and seizing it!
I remember another thread here in CL asking the question why can't we have an LS350 right here in the US.
Prop's to Lexus for seeing an opportunity and seizing it!
#20
Lexus Champion
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What's so pathetic about this? They're adjusting to the market and the current situation. Lexus should have done this earlier and more proactively in other markets from day one on.
A smaller, weaker engine does not indicate "cheapening". There are many people who want a luxury car because of the features but don't need excessive power. The ES240 sounds like it will be a decent performing and smooth machine. That's all that matters.
If you can afford or want more power then you should buy an ES350. Very simple, right?
I wonder why platform-sharing is always viewed so negatively? Companies have to keep production and development costs in check. As far as I know the Camry platform is good enough to be used for the ES. Big deal.
Where I think Lexus needs to distance themselves from Toyota is in the design department. Their SUVs (with the exception of the new RX) and their latest sedans scream "Toyota" in terms of design.
A smaller, weaker engine does not indicate "cheapening". There are many people who want a luxury car because of the features but don't need excessive power. The ES240 sounds like it will be a decent performing and smooth machine. That's all that matters.
If you can afford or want more power then you should buy an ES350. Very simple, right?
Where I think Lexus needs to distance themselves from Toyota is in the design department. Their SUVs (with the exception of the new RX) and their latest sedans scream "Toyota" in terms of design.
#21
Pole Position
Um, by 2010, there will be more folks in China with a median income of 200K+ USD then the entire population of the US.
Now, why the discrepancy in price? Because the Chinese government heavily taxes imported cars into China and also bases it on engine size. A comparable $20K Camry here would cost around $35K there. On top of that you have huge "licensing fees" that can get anywhere from $1000 to $10K for each vehicle, depending on the city you live in China.
For those ignorant folks that say Lexus is diluting themselves, keep in mind that in China a 5 series BMW and E Class Benz can be had with a 4 banger.....
Food for thought....
Now, why the discrepancy in price? Because the Chinese government heavily taxes imported cars into China and also bases it on engine size. A comparable $20K Camry here would cost around $35K there. On top of that you have huge "licensing fees" that can get anywhere from $1000 to $10K for each vehicle, depending on the city you live in China.
For those ignorant folks that say Lexus is diluting themselves, keep in mind that in China a 5 series BMW and E Class Benz can be had with a 4 banger.....
Food for thought....
#23
Lexus Champion
Aside from that, that means 25% of the population of China would have household incomes over 200k. 100% BS.
Maybe you meant to say that there will be more households in China with 200k+ USD incomes than there are households in the US with 200k+ USD incomes?
If so I can believe that simply because they have 4 times as many people as we have and are booming economically... during booms like that, somebody out there has to be making a killing.
Last I heard, though, China's median income is still something like 1/8th of the US's and in some regards their cost of living is higher, too (like 70k dollar ES350s)
#24
Lexus Fanatic
I dont think the rest of the world feel they need to get to 60 in under 7 seconds. The extra 2-3 seconds doesnt bother them. I have a feeling if we were paying the same prices for gas as the europeans we wouldnt either
#26
You don't count a total number of people that exceed a 'median income'... median is the middle of a group. Maybe you meant household income?
Aside from that, that means 25% of the population of China would have household incomes over 200k. 100% BS.
Maybe you meant to say that there will be more households in China with 200k+ USD incomes than there are households in the US with 200k+ USD incomes?
If so I can believe that simply because they have 4 times as many people as we have and are booming economically... during booms like that, somebody out there has to be making a killing.
Last I heard, though, China's median income is still something like 1/8th of the US's and in some regards their cost of living is higher, too (like 70k dollar ES350s)
Aside from that, that means 25% of the population of China would have household incomes over 200k. 100% BS.
Maybe you meant to say that there will be more households in China with 200k+ USD incomes than there are households in the US with 200k+ USD incomes?
If so I can believe that simply because they have 4 times as many people as we have and are booming economically... during booms like that, somebody out there has to be making a killing.
Last I heard, though, China's median income is still something like 1/8th of the US's and in some regards their cost of living is higher, too (like 70k dollar ES350s)
We also had lunch in DC where it was 9 dollars for a "personal" pizza, like the size of my ceral bowl and they said it was so cheap too...
I think a lot of people posting here have no knowledge on China and is making a lot of ignorant remarks. The ES is not being diluted, China is not ***** poor and can only afford a 4 banger variant, its always been this way in the Chinese market. When I moved out of China in 96' an Merc E200 was on sale in China for 300k USD (pre Hong Kong emancipation) and people bought those up, I don't see anyone in the US buying E classes for 300k USD
#28
Lexus Champion
Believe it or not, most city dwellers in China are quite well off. I just had some family friends over and they purchased over 2k worth of Coach bags, Swarsoki (sp) crystal necklaces and other crap in one day, they said it was 1/3 of the price here compare to China lol.
We also had lunch in DC where it was 9 dollars for a "personal" pizza, like the size of my ceral bowl and they said it was so cheap too...
I think a lot of people posting here have no knowledge on China and is making a lot of ignorant remarks. The ES is not being diluted, China is not ***** poor and can only afford a 4 banger variant, its always been this way in the Chinese market. When I moved out of China in 96' an Merc E200 was on sale in China for 300k USD (pre Hong Kong emancipation) and people bought those up, I don't see anyone in the US buying E classes for 300k USD
We also had lunch in DC where it was 9 dollars for a "personal" pizza, like the size of my ceral bowl and they said it was so cheap too...
I think a lot of people posting here have no knowledge on China and is making a lot of ignorant remarks. The ES is not being diluted, China is not ***** poor and can only afford a 4 banger variant, its always been this way in the Chinese market. When I moved out of China in 96' an Merc E200 was on sale in China for 300k USD (pre Hong Kong emancipation) and people bought those up, I don't see anyone in the US buying E classes for 300k USD
http://english.sina.com/china/1/2007/0327/107816.html
#29
Super Moderator
Do you have any numbers/links to support this? I just looked up the average income for a person living in Beijing and it was under $5000 US dollars 2 years ago, and that was also reported by the STATE media, and you know if anything they're going to be boosting figures to make themselves look better.
http://english.sina.com/china/1/2007/0327/107816.html
http://english.sina.com/china/1/2007/0327/107816.html
#30
Do you have any numbers/links to support this? I just looked up the average income for a person living in Beijing and it was under $5000 US dollars 2 years ago, and that was also reported by the STATE media, and you know if anything they're going to be boosting figures to make themselves look better.
http://english.sina.com/china/1/2007/0327/107816.html
http://english.sina.com/china/1/2007/0327/107816.html
Its hard to convince you because all you ask for is links and numbers and news articles, I am Chinese and all my relatives are in China and the way it is in reality is always different than how the news portrays it you know that. I get my sources from my relatives who live there and not from the news, you don't have to believe me, but I am merely trying to offer an actual insider's point of view, as oppose to other speculators here comparing China's market to America's.
Like someone else said, the gap between rich and poor is mighty, as a matter of fact, to reduce car usage in the city, they started doing days where even number, or odd number license plates are allowed on the road. But that did not help because the majority who can afford cars in China, bought another car with another set of license plate to use on the alternate days.
And as far back as I remember, China's market always get saturated with low end cars, low end models, that sells for more than the higher end models in the USA. In fact, outside of China, I have never seen the Volkswagon Sontana (Passat here) but its basically the low end version with the smallest displacement engines, all made in China. Same with the Audi 100 - made in China, and the E class 200's etc.
Also to offer an possible explaination of you saying China's average income is so low. China's riches are concentrated in the Cities, and so are the rich people, and car sales. When my parent's went to China for business last month, they went to Shanghai and said it was amazing, better than any USA city. Then they went to a so called 3rd tier city (not by coastal areas, not touched by modern developement), and my parent said that place reminds them of Canto almost 30 years ago, full of bicycles, people in sandals and straw hats, dirty old buses with no AC etc.
Last but not least, to give you an insight, in China housing and car is expensive, much more so than USA. But a lot of government jobs, or large companies, provides company vehicles, and also packages where after x amount of years, the loaner apartment provided to you will be yours. Thus no mortgage, no car payments. In China, clothing, entertainment and food is ungodly cheap, you have no idea lol. 100 USD will get you a 5 people feast at some fancy Chinese restaurant
Last edited by mikez; 07-05-09 at 08:33 AM.