2019 July Genesis sales

[MyCorvette]

Is the data available now?

 

[YEH]

July sales: 1,586

G70 - 905
G80 - 520
G90 - 161

Not a good showing by the G70 - 2nd month of declining sales for what is still a pretty new model.

In contrast, sales of the G80 and G90 have held pretty steady the past 2 months for models that will be replaced by an all-new and heavily facelifted replacements.

Not good when the more niche liftback bodystyle Stinger still outsells the G70 and when the G70 sells better in Korea than here.

Likely, a no. of factors come into play - but can't help but think that the limited rear passenger leg/foot room is having an effect.

 

[RCH04]

With the new car market softening I don't expect sales to improve much in the near term. I think the Genesis brand will continue to tread water until the new SUV(s) have demonstrated enough volume for dealers to invest much for facility improvements etc.

 

[YEH]

^ Still, the G70 should be outselling the Stinger, as well as the aged Lexus IS (esp. since the about to be replaced G80 is once again handily outselling the GS).

 

[RCH04]

^ Still, the G70 should be outselling the Stinger, as well as the aged Lexus IS (esp. since the about to be replaced G80 is once again handily outselling the GS).

It is uprising that the G70 doesn't outsell the Stinger. The Stinger is in its 2nd (?) model year and the initial buzz has settled down while the G70 is riding the wave of nearly unanimous positive reviews. I believe I saw on a Lexus forum the GS might be discontinued, at least in the U.S.

 

[CaliG70]

I wonder how much they expected to sell and ended up building under the 2019 model year. Selling nearly 7,000 cars is still good for a luxury brand that doesn’t have its own dealership experience from the mothership. It could be better, but with time Genesis will gain momentum. I think many of us wants Genesis to succeed and to grow. At least I do.

 

[YEH]

It is uprising that the G70 doesn't outsell the Stinger. The Stinger is in its 2nd (?) model year and the initial buzz has settled down while the G70 is riding the wave of nearly unanimous positive reviews. I believe I saw on a Lexus forum the GS might be discontinued, at least in the U.S.

Yeah - it's (1) the newer model, (2) the luxury branded model w/ all the accoutrements that go w/ that (aside from a separate dealership at the moment (3) has the more luxurious interior and (4) is a 4-door sedan instead of the more niche 4-door coupe or fastback.

Think there are 3-4 major factors,

1st - being the tight rear leg/foot room; it's been commented about in just about every review (also doesn't help that difficult to fit the larger rear facing car seats.

2nd = while tastes vary - generally, the Stinger is seen to have the more striking sheetmetal.

3rd - the bungled dealer licensing didn't help things out, but in Canada, the G70 hasn't yet outsold the Stinger either.

The direct-from-manufacturer distribution model may be a limiting factor, but the about to be replaced G80 handily outsells the Lexus GS and as many G90s (7) were sold last month as the LS 500.

Meanwhile the IS handily outsold the G70.

4th - haven't really followed the discounting or lease deals on the G70 lately, but it's not only competing against other heavily discounted lux sedans, but even heavily discounted lux CUVs.

For example, the MDX can be had for $8k off sticker w/o really trying.


As for the GS, in all likelihood we are seeing the last days of the midsize RWD Lexus sedan in its current iteration (may be replaced by an all-new model - a BEV?).

Akio Toyoda had to be talked out of canceling the GS the last time around and it appears his instincts were right (not that Toyota really invested in the powertrain upgrades that the GS needed).

Lexus already stopped selling the GS in Europe (replaced by the ES) and it's not a big seller in Japan, so w/ NA sales flat-lining, don't see how Toyota justifies investing in a next gen model.

Have heard nothing about a next gen GS being in development - which is contrary to the IS.

Not only have heard about the next gen IS (based on the TNGA platform), but the one after that (possibly moving to the RWD platform being developed by Mazda, along w/ using Mazda's inline-6 (also in development).

 

[YEH]

Canada - 142

G70 - 107
G80 - 28
G90 - 7

Stinger - 151

IS - 268
GS - 6
LS - 7

Q50 - 101

SK - 4,149

G70 - 1,270
G80 - 1,726
G90 - 1,153

Stinger - 267
K9 - 1,000

MB sold 4,047 of the E Class last month!

And Kia sold 8,173 of the facelifted K7 (aka Cadenza) - making it the #1 passenger vehicle sold in SK last month (some people wonder why Hyundai/Genesis started w/ sedans - well, this and E Class sales, are the reasons for that).


Australia - 22

G70 - 15
G80 - 7

Stinger - 124

IS - 54
GS - 1
Q50 - 20
Q70 - 0

Russia - 153

 

[NLJ]

I have to say that the Stinger does have more road presence. Seeing one in the rearview mirror or on the road always leaves a positive impression on me. Now the rear end is where I'm or fully sold on. I like the G70 rear end. A more muscular squat. The front end on the Stinger is more imposing being wider.

 

[TurtleBoy]

I think July is just a soft month for sales. If you look at the 3-series, July is historically one of, if not the, lowest volumes of sales. This year is was drop of over 1,500 units from June-July.

You would have thought that the G70 would have not experienced any decline since they are really pushing them with the lease incentives that are currently available but I guess they are not enough to overcome other market forces. It will be interesting to see what they do when the 2020s are available in the US. Will they keep the incentives as is or dial them back for the new year.

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[tarhoosier]

Canada - 142

G70 - 107
G80 - 28
G90 - 7

Stinger - 151

IS - 268
GS - 6
LS - 7

Q50 - 101

SK - 4,149

G70 - 1,270
G80 - 1,726
G90 - 1,153

Stinger - 267
K9 - 1,000

MB sold 4,047 of the E Class last month!

And Kia sold 8,173 of the facelifted K7 (aka Cadenza) - making it the #1 passenger vehicle sold in SK last month (some people wonder why Hyundai/Genesis started w/ sedans - well, this and E Class sales, are the reasons for that).


Australia - 22

G70 - 15
G80 - 7

Stinger - 124

IS - 54
GS - 1
Q50 - 20
Q70 - 0

Russia - 153

 

[tarhoosier]

At first I read SK as Saskatchewan (it was under Canada)

 

[CaliG70]

I think July is just a soft month for sales. If you look at the 3-series, July is historically one of, if not the, lowest volumes of sales. This year is was drop of over 1,500 units from June-July.

You would have thought that the G70 would have not experienced any decline since they are really pushing them with the lease incentives that are currently available but I guess they are not enough to overcome other market forces. It will be interesting to see what they do when the 2020s are available in the US. Will they keep the incentives as is or dial them back for the new year.

In my opinion, they’ll need to push incentives for the 2019s. The 2020s need to come out soon. Dealers can also utilize remaining 2019s as loaners, although this will only be a handful of cars for each dealership.

 

[EdP]

In my opinion, they’ll need to push incentives for the 2019s. The 2020s need to come out soon. Dealers can also utilize remaining 2019s as loaners, although this will only be a handful of cars for each dealership.

I just checked one dealer where I bought my car. They have 24 Genesis in stock. If the 2020 came out next month, they still may have 15 left as there may be more on the way. At a dealer cost of say, 40k that is $600,000 they should spend to use as loaners. They may like your idea.

 

[CaliG70]

I just checked one dealer where I bought my car. They have 24 Genesis in stock. If the 2020 came out next month, they still may have 15 left as there may be more on the way. At a dealer cost of say, 40k that is $600,000 they should spend to use as loaners. They may like your idea.

Yeah, they really need to push those cars off the dealer lot. I don’t imagine them having more than 5-10 cars for their whole loaner fleet depending on the area.

 

[Peterparker444]

I was told by Lexus dealership that they will be phasing out the GS in the next couple years and the ES will have all wheel drive in a couple years instead.