Wait times coming down for most Lexus models

AutoExec Summary
Lexus Australia aims for record-breaking sales in 2024, with wait times for most models returning to normal by mid-year. CEO John Pappas expects 90% of models to have wait times of 2-4 months, with exceptions for low-volume vehicles. The company has already reduced wait times for the LX and LM, with high demand for the LM and tight supply for the LBX. Lexus plans to launch the GX SUV and reopen orders for the NX 450h+ PHEV. Annual vehicle sales are expected to exceed 10,000, with sustainability and healthiness.

Brands mentioned: Lexus, Toyota, CarExpert