Paced by declines at Ford, the Japan 3, General Motors and Hyundai-Kia, light-vehicle sales fell in July as the auto industry lost speed going into the second half of a year projected to be weaker than the robust first six months. The SAAR fell to 16.73 million, in line with projections. Light-truck demand rose while car deliveries skidded 18 percent.
Toyota's product transformation is in full swing and picking up steam as cars and crossovers move to a new global architecture that allows the company to add new models more quickly and inject some styling flair and modern technology into its lineup.
Like Toyota, Lexus has been updating its global vehicle platforms, but the luxury brand had, until now, been mostly focused on pricey car-based models such as the halo LC coupe and flagship LS sedan that don't have counterparts over at its mainstream corporate sibling.