2023 Lexus LM priced from $160K

Pricing for the 2023 Lexus LM will start from $160,888 plus on-road costs, making the first Lexus people-mover more expensive than any other model from the Japanese luxury brand except the Lexus LC 500 sports car (from $193,023).

At the other end of the three-variant Lexus LM range – which arrives in Australian showrooms in December, in entry-level 350h 2WD Sports Luxury form, with the all-wheel drive version of the seven-seater priced at $165,888 plus ORCs – will be the most luxurious and expensive Lexus model available in Australia when it arrives here early next year.

Priced at $220,888 plus ORCs, the ‘first-class’ 2024 Lexus LM 500h AWD Ultra Luxury four-seater adds a heap more gear and a significantly pokier powertrain, but will be more expensive than the $213,530 LC 500 Convertible (and the $213,561 Lexus LX 600 Ultra Luxury four-seat off-road SUV).

Based on the JDM-only Toyota Alphard, the all-hybrid LM people-mover range – which becomes Lexus Australia’s 10th model line and will be followed by the new Lexus GX off-road SUV early next year and another all-new model later – is therefore the most expensive Lexus ever sold Down Under, apart from the $700K LFA supercar released in 2011.

The LM 350h Sports Luxury twins will be powered by a 2.5-litre four-cylinder petrol-electric powertrain offering 184kW of power and 270Nm of torque, via a continuously variable transmission.

Inside the cabin of these variants is a 2+2+3 seating configuration, with the second row being made up of a pair of reclining captain’s chairs accessed via a sliding side door. The third row, meantime, is an electronically stowable bench.

Those after even more opulence, power and luxury can opt for the exclusively four-seat LM 500h, which Lexus says offers “two VIP throne seats with genuine first-class levels of comfort” in conjunction with the brand-first ‘Rear Climate Concierge’ climate control system.

Rear occupants can raise a glass panel up behind the front seats to segregate the two areas and even double down with a world-first 48-inch widescreen display with audio played via a 23-speaker Mark Levinson audio system.

Exact outputs and performance figures for the LM 500h haven’t been announced yet but Lexus promises us the 2.4-litre turbo-petrol/electric hybrid is good for “more than 200kW”. The same system in the Lexus RX 500h F Sport Performance outputs a hefty 273kW/550Nm.

Lexus Australia CEO John Pappas said local dealerships had been inundated with enquiries since the LM’s global reveal and market confirmation earlier this year.

“The reality is that demand will initially exceed supply for this vehicle by a significant margin, so we therefore need to manage customer expectations,” he said.

“There is no Lexus like it, and almost certainly no other vehicle like it. It is the ultimate expression of Lexus ‘making luxury personal’.

“It is a great Lexus to drive but an even better Lexus to be driven in.”

How much does the 2023 Lexus LM cost?
350h 2WD Sports Luxury – $160,888
350h AWD Sports Luxury – $165,888
500h AWD Ultra Luxury – $220,888
* Prices exclude on-road costs

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