The Lexus LM is the first minivan produced by the luxury car brand Lexus, and its unparalleled luxury and comfort have established it as a flagship in the minivan market. By analyzing the trends in sales and production volumes, we can gain a deeper understanding of how this model has been accepted by the market as a true flagship.
Sales volume trends: Increasing demand and supply challenges
Sales of the Lexus LM have been steadily increasing since its launch. It has particularly strong support from the wealthy, and is gaining presence in the luxury minivan market. However, due to factors such as the semiconductor shortage, supply is not keeping up with demand. This speaks to the high level of interest in the LM and its rarity.
2023 sales volume
The annual sales volume for the Lexus LM in 2023 was 3,004 units .
| year and month | LM sales volume |
|---|---|
| December 2023 | 98 units |
| total | 98 units |
Lexus LX registration numbers Source:Japan Automobile Dealers Association
Sales volume in 2024
Compared to 2023, the number of units is likely to be slightly lower.
| year and month | LM sales volume |
|---|---|
| January 2024 | 154 units |
| February 2024 | 347 units |
| March 2024 | 352 units |
| April 2024 | 367 units |
| May 2024 | 399 units |
| June 2024 | 529 units |
| July 2024 | 594 units |
| August 2024 | 475 units |
| total | 3,217 units |
Lexus LX registration numbers Source:Japan Automobile Dealers Association
Changes in production volume Commitment to quality and strengthening of supply system
Lexus LM production volume is gradually expanding in line with the increase in sales volume. However, in order to maintain its brand image, Lexus does not increase production volume unnecessarily. It is committed to carrying out thorough quality control on each and every vehicle, ensuring that it is delivered to customers in the best possible condition. It is also actively working to strengthen its supply system, striving to make LMs available to as many customers as possible.
Taking on the challenge of becoming a flagship minivan
As the flagship minivan for the Lexus brand, the LM aims to set a new standard in the luxury minivan market by pursuing the highest standards in all aspects, including interior and exterior design, comfort, safety, and driving performance.
The true value of a flagship car: Understanding it from sales and production trends
Trends in sales and production volumes show that the Lexus LM is not just a luxury minivan, but is recognized in the market as a true flagship. Its unparalleled quality and comfort have attracted many customers and generated high demand. Furthermore, Lexus remains committed to quality even as it works to strengthen its supply chain. This attitude is essential for the LM to maintain its value as a flagship.
About the new Lexus “LM”
- LM (Flagship Minivan)
- It features a special exterior design that gives it a more luxurious feel than the Toyota Alphard and Vellfire.
- The lineup includes a four-seater model designed for use as a chauffeur-driven MPV.
- It features a large 48-inch wide display and a refrigerator and storage space below the display.
- Configured with a 23-speaker Mark Levinson Reference 3D Surround Sound System
- Equipped with a 2.4L turbo hybrid
The domestic version of the new LM Luxury Mover will be announced on October 19, 2023, with orders starting the same day and the model scheduled for release in late December 2023. The Lexus LM is the fifth flagship product released by Lexus, following the flagship luxury sedan LS (Flagship Sedan) , the flagship luxury GT coupe LC (Flagship Coupe), the full-size luxury SUV LX (Flagship Crossover ) , and the luxury yacht LY. The LM is a flagship minivan.
While maintaining its original concept, the new LM incorporates Lexus’ new “design language.” Its integrated spindle-shaped body has a unique style, with elegant body lines that naturally extend and accentuate the aerodynamic shape of the front grille. The calm, elegant and majestic body lines not only allow the driver to easily enjoy the pleasure of direct and precise control, but also provide a more delicate and smooth dynamic experience with exquisite ride comfort and excellent noise and vibration suppression. The body measures 5,125mm in length, 1,890mm in width, 1,955mm in height and a wheelbase of 3,000mm.
LEXUS LM
The value and purpose of the car as a “luxury mover,” as its name implies, have been reexamined and completely revamped. The aim was to create a ride quality and living space that allows all occupants to feel at ease and relax. The driver can enjoy the joy of driving without having to worry about anything thanks to its straightforward and precise maneuverability, and the occupants can relax and enjoy their time inside the car without having to worry about noise or unpleasant vibrations, providing comfort and functionality.
The exterior design is in line with the Lexus design language, which takes into consideration elegant presence and aerodynamic performance, and conveys functional essence and dynamic performance through styling.The interior design combines functionality and a high-quality feel around the front seats, allowing drivers to concentrate on driving, while the rear seats offer spaciousness, well-tailored seats and trim, and a variety of equipment to accommodate any way of spending time.
This full model change of the “LM” will be based on the full model change models of Toyota’s “Alphard” and “Vellfire. ” The platform has been completely redesigned, adopting the next-generation ” TNGA (Toyota New Global Architecture) platform .” It will be equipped with the latest version of “Toyota Safety Sense.” It will also be equipped with a “new direct injection engine (Dynamic Force Engine).”
Body color: 4 colors
The entire cockpit of the new-generation LM is designed based on the concept of “Dignified Elegance,” which combines the elegance and comfort of the flagship with the brand’s consistent care and attention to detail. The front cockpit is designed with practical functionality and exquisite details in mind, and always provides the driver with the driving pleasure brought by the Lexus Driving Signature through a carefully refined interactive experience between the driver and the vehicle.
The concept of “a mobile space that allows you to return to your nest” is the pursuit of ride comfort and quietness . The rear cockpit is spacious and open, with the upper control panel and straight side windows providing the ultimate visual experience, or the simple clash of bright white leather and red copper, creating a sense of elegance in both longitude and latitude. The quietness of the entire vehicle has been newly adjusted, and the natural sound field resonates with the passengers’ various states of mind, enriching the journey.
About Lexus LM specs
The LM500h and LM500h “EXECUTIVE” are equipped with a newly developed 2.4L direct injection turbo engine + hybrid system (T24A-FTS) and a Direct Shift-6AT. The 4WD model uses the DIRECT4 four-wheel drive system, which utilizes electrification technology.
| Specifications | LM500h “EXECUTIVE” |
LM500h ” version L “ |
|---|---|---|
| full length | 5,125mm | |
| Overall width | 1,890mm | |
| Overall height | 1,955mm | |
| Wheelbase | 3,000mm | |
| engine | 2.4L direct injection turbo engine + hybrid system (T24A-FTS) |
|
| Maximum power | 202kW (275PS) / 6,000rpm |
|
| Maximum torque | 460Nm (46.9kgmf) / 2,000-3,000rpm |
|
| Front motor maximum output |
64kw (87ps) | |
| Front motor maximum torque |
292Nm (29.8kgm) | |
| Rear motor maximum output |
76kw (103ps) | |
| Rear motor maximum torque |
169Nm (17.2kgm) | |
| transmission | Direct Shift-6AT | |
| Drive system | AWD | |
| Passenger capacity | 4 people | 6 people |
| WLTC mode fuel economy | 13.5km/L (4WD) | 13.8km/L (4WD) |
Pricing for the new Lexus “LM” 2024 model
| grade | engine | transmission | Drive | Price (10%) |
|---|---|---|---|---|
| LM500h “EXECUTIVE” |
T24A-FTS | Direct Shift-6AT | AWD | 20,000,000 yen |
| LM500h ” version L “ |
15,000,000 yen |
A word from the editorial department
The Lexus LM is expected to continue to evolve and lead the luxury minivan market. It will actively pursue new technological innovations, such as electrification and autonomous driving, and provide value that exceeds customer expectations. Furthermore, if the supply shortage is resolved through strengthened production, sales are expected to increase further. The LM will continue to shine as a symbol of the Lexus brand.
Lexus LM
Lexus
