November Sales Thread
Lexus Fanatic
Joined: Sep 2010
Posts: 25,962
Likes: 4,291
From: Alberta
It is cha-ching time for them. As supposed to Hyundai that is losing billions on Genesis.
but anyway, what is your source the genesis is losing billions? They apparently has 15K pre-orders for new G90 in S. Korea when it launched there. That's a chunk if income. For the u.s., it's just going to take time but 2019 certainly better than 2018.
Lexus Fanatic
Joined: Jan 2005
Posts: 20,224
Likes: 266
absolutely true!
I know English not your first language, but just fyi, "As supposed to" is normally "As opposed to" meaning something like "contrasting against" or "as compared with"...
but anyway, what is your source the genesis is losing billions? They apparently has 15K pre-orders for new G90 in S. Korea when it launched there. That's a chunk if income. For the u.s., it's just going to take time but 2019 certainly better than 2018.
I know English not your first language, but just fyi, "As supposed to" is normally "As opposed to" meaning something like "contrasting against" or "as compared with"...
but anyway, what is your source the genesis is losing billions? They apparently has 15K pre-orders for new G90 in S. Korea when it launched there. That's a chunk if income. For the u.s., it's just going to take time but 2019 certainly better than 2018.
As to the Genesis, they replaced Genesis president month ago, they posted first operating loss in Q1 2019 after a long time, and even last Q3 was not good due to warranty costs.
Last few years have been pretty hard on Hyundai.
Obviously the redoing of agreements in the U.S. to make Genesis dealerships legally separate from Hyundai trashed their sales for half a year, so no surprise Q1 '19 was terrible.
Lexus Fanatic
Joined: Jan 2005
Posts: 20,224
Likes: 266
there were quite few articles about how it is affecting their bottom line - you surely do not think that few k sales per month worldwide is enough to be profitable?
Lead Lap
Joined: Sep 2016
Posts: 581
Likes: 27
From: Sofla
That's because their cars are dated compared to the competition, no ACP/AA yet in the 3IS, things like these are high on consumers list when shopping for a new car in 2019. Lexus will wait for 4IS debut to tout how great it is to implement ACP then. If they don't wake up, they could be dethroned by Genesis in a decade or so provided Genesis can get their marketing and dealership support right. Lexus core consumers are value conscious and those are the same people Genesis markets to. If I were buying a new entry level luxury Asian car, Genesis would be my pick, no point in looking at Lexus's boring offerings.
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Racer
Joined: Aug 2006
Posts: 1,727
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From: USA
Not just value, but many want 100% bullet proof reliability and want their cars to run like an appliance.
Driver School Candidate
Joined: May 2017
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From: California
Lead Lap
Joined: Jul 2010
Posts: 3,876
Likes: 282
From: NY
But how much of their lost is due to the Genesis brand and how much is due to other costs like warranty? You gotta back up what you say with sources.
Lead Lap
Joined: Jul 2010
Posts: 3,876
Likes: 282
From: NY
How are you so sure they are selling what they have? First of all I'm comparing it model by model and second once you strip out the UX and compare it apples to apples to last year, Lexus SUVs are down. And no it doesnt need to be up 30000%. Lexus as a whole is not very healthy and they need the strength in SUV sales to prop their overall sales up since their sedans are sucking wind except for the ES.
CL Community Team
Joined: Oct 2003
Posts: 4,335
Likes: 61
From: California
UX sales so far in U.S.:
2018 - 453
2019 - 14,792 YTD - January thru November, my projection 15,000 (I believe Lexus projected sales of UX is 17,000)
Total = 15,245
X1 sales since inception in U.S.:
1X1
2012 - 8,947
2013 - 26,512
2014 - 22,808
2015 - 14,420
2X1
2016 - 27,812
2017 - 30,826
2018 - 29,060
2019 - 16,027 YTD - January thru November
Total = 176,412
X2 sales since inception in U.S.:
2018 - 16,154
2019 - 10,200 YTD - January thru November
Total = 27,183
GLA sales since inception in U.S.:
2014 - 6,884
2015 - 25,593
2016 - 24,545
2017 - 24,104
2018 - 24,136
2019 - 20,041 YTD - January thru November
Total = 125,302
Q3 sales since inception in U.S.:
2014 - 3,654
2015 - 13,229
2016 - 20,048
2017 - 20,633
2018 - 16,828
2019 - 10,527 YTD - January thru November
Total = 84,919
QX30 sales since inception in U.S.:
2016 - 2,259
2017 - 14,093
2018 - 8,101
2019 - 3,179 YTD - January thru November
Total = 27,632
2018 - 453
2019 - 14,792 YTD - January thru November, my projection 15,000 (I believe Lexus projected sales of UX is 17,000)
Total = 15,245
X1 sales since inception in U.S.:
1X1
2012 - 8,947
2013 - 26,512
2014 - 22,808
2015 - 14,420
2X1
2016 - 27,812
2017 - 30,826
2018 - 29,060
2019 - 16,027 YTD - January thru November
Total = 176,412
X2 sales since inception in U.S.:
2018 - 16,154
2019 - 10,200 YTD - January thru November
Total = 27,183
GLA sales since inception in U.S.:
2014 - 6,884
2015 - 25,593
2016 - 24,545
2017 - 24,104
2018 - 24,136
2019 - 20,041 YTD - January thru November
Total = 125,302
Q3 sales since inception in U.S.:
2014 - 3,654
2015 - 13,229
2016 - 20,048
2017 - 20,633
2018 - 16,828
2019 - 10,527 YTD - January thru November
Total = 84,919
QX30 sales since inception in U.S.:
2016 - 2,259
2017 - 14,093
2018 - 8,101
2019 - 3,179 YTD - January thru November
Total = 27,632