The Registrations of Lexus vehicles in United States of America attained a value of 275,041 Units in 2020
The indicator recorded a historical decline (CAGR) of 3.40% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow at a CAGR of...
US automotive manufacturing segment overview
The value of the US automotive manufacturing industry is expected to grow in 2021, recovering from the sharp decline in production a year earlier due to the COVID-19 pandemic. The industry is set to follow a strong growth trajectory during the forecast period given that the macroeconomic environment will continue to improve. The COVID-19 pandemic had a significant impact on the automotive industry in 2020. Temporary shutdowns at manufacturing plants amid labor shortages and a severe disruption in the supply chain - including a shortage of semiconductors - which persisted throughout the year, resulting in the decline of production volume. Meanwhile, consumer and business confidence remained depressed since its slump in the advent of the pandemic. With regards to car and motorcycle manufacturing, the cutback in the use of cars following containment measures also reduced consumers’ demand for new vehicles.
Toyota Motor Corporation
Toyota Motor Corporation (Toyota or ‘the company’) is one of the largest automobile manufacturers in the world. Toyota's luxury lineup consists primarily of vehicles sold under the Lexus brand name. Lexus passenger car models include the LS, the GS, the ES, the HS, the IS, the CT, and the RC. Lexus models also include the LX, the GX, the RX, and the NX sold as luxury SUVs in the US. In addition, the company sells the Century limousine in Japan. In the sports and specialty, the company sells the Scion tC, a sports model with a front-mounted engine and rear-wheel drive. Toyota also offers the Lexus LFA brand as the high-performance sports model. In North America, the company offers SUVs under the brand names of Sequoia, 4Runner, RAV4, Highlander, FJ Cruiser and Land Cruiser, and pickup trucks under the brand names of Tacoma and Tundra.
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