Toyota Motor Corp.'s Lexus brand set the price of its new LX 570 sport-utility vehicle 9.5 percent higher than the model it replaces, Bloomberg News reported today.
The LX 570, a 2008 model, has a base price of $73,800, the company's Torrance, Calif.-based U.S. unit said today in a statement. That's $6,405 more than the 2007 LX 470, which begins at $67,395, according to the Lexus Web site.
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