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As of 2024, there were just 11.4 million used cars 6 years old or newer available to buy at dealerships — a drop in 4.1 million from the 15.5 million used cars available in 2022.
The Lexus RX 400h made its U.S. sales debut in mid-2005, with over 9,000 pre-orders at launch. [40] The RX 400h's arrival in the U.S. had been delayed by several months; Lexus had announced in November 2004 that the American launch of the hybrid Lexus SUV would occur for the 2006 model year. [41]
Since most states have requirements for a dealer to warranty or even guarantee a used vehicle for a certain amount of time and or mileage if sold to the public at a certain price, [10] a dealer must make a profit selling the previously traded car (now a used car). Trade-in value is an important facet of the car deal.
Lexus introduced the first generation, known as the GX 470 in 2002, and subsequently became the third SUV to enter the Lexus lineup. A full-time four-wheel drive system is standard with low-range gearing. The 4.7-liter V8 engine in the GX 470 was the same as used on the larger LX 470. The firm next introduced the second-generation model in 2009 ...
The solution, it now says, is simply to replace the entire engine on each one of the 103,500 big trucks and SUVs. The vehicles involved are 2022 and 2023 model year Toyota Tundras and Lexus LX 600s.
The Lexus brand was created around the same time as Japanese rivals Nissan and Honda developed their Infiniti and Acura premium brands. The Japanese government imposed voluntary export restraints for the U.S. market, so it was more profitable for Japanese automakers to export more expensive cars to the U.S.
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