Pursuits
Lexus Leads March U.S. Luxury Sales as SUVs Bring In Buyers
- Japanese brand is close second to Mercedes for the quarter
- Fuel economy, interest rates aid larger models, analyst says
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Toyota Motor Corp.’s Lexus, bolstered by demand for its sport utility vehicles, sold the most luxury autos in the U.S. for a second straight month in March, closing in on Mercedes-Benz’s first-quarter lead.
None of the three largest sellers of premium vehicles in the U.S. had a gain for the month. Lexus deliveries fell 2.8 percent to 30,198, even with increases of 25 percent for its NX compact SUV and 46 percent for the LX. BMW AG’s namesake brand reported a 12 percent drop to 30,033 while Mercedes posted a 5.9 percent decline to 28,164.