As announced earlier, Lexus is introducing for 2013 a hybrid to the ES line-up as part of the sixth-generation ES. While the U.S. price has not been revealed yet, yesterday Lexus Canada has released prices for its market.
The 2013 ES 300h will appear in Canadian showrooms with a suggested retail price starting at CDN $43,900.
It is important to know there has always been a different pricing strategy between U.S. and Canada before you start thinking this will also be the U.S. price.
In Canada, the 2012 ES starts at CDN $42,150, while the 2012 ES starts at $36,725 in U.S. showrooms. The difference can be attributed to different levels of equipment, but also to a traditionally more aggressive pricing strategy for the southern neighbor. Lexus in the U.S. can afford such an aggressive price in part because of its greater volume of sales and a different competitive landscape.
For reference, the Camry Hybrid, which is technologically similar to the ES 300h from an engine and hybrid system standpoint, starts at $25,990 in the U.S. and starts at CDN$26,990 in Canada. Strangely, a difference of only $1,000, not taking the exchange rate into account.
Can we extrapolate from this what the U.S. price of the 2013 ES 300h will be? Unfortunately not, but we can estimate it will be slightly under the $40,000 mark.
The ES hybrid will have a 2.5-liter four-cylinder Atkinson cycle engine and is expected to earn EPA fuel economy ratings of approximately 40 mpg city, 39 mpg highway and 39 mpg combined. The ES 300h generates 200 total system horsepower.
We do expect Lexus U.S. will release the price of the ES 300h soon. We will keep you informed as soon as we hear about it.