Lexus LBX to bring hybrid starting price below $50,000 for first time in three years

AutoExec Summary
Lexus, Toyota’s luxury division, is set to reintroduce a sub-$50,000 hybrid car with the launch of its new city SUV in Australia early next year. Dealers have been informed to expect a starting price below $50,000 for the Lexus LBX, which will be the smallest car in the Lexus lineup and the company’s first city SUV. The LBX will feature a 1.5-liter three-cylinder petrol hybrid engine with added refinements to improve noise and vibrations. While pricing has not been publicly announced, the LBX is expected to be priced higher than the Toyota Yaris Cross, which currently ranges from $28,000 to $38,000.

Brands mentioned: Toyota, Lexus