Lexus Predicts Record Sales This Year

Toyota Motor Corp.'s Lexus unit expects full-year sales of its luxury vehicles to surpass 520,000 units this, thus topping the brand's previous peak of 518,300 units in 2007.

Lexus predicts another record year in 2014, driven by new models and the brand's continuing recovery in the American market. Mark Templin, who heads the brand globally, made the forecast ahead of the Tokyo auto show, which begins on Wednesday.

Lexus sales in the U.S. reached a record 329,200 units six years ago. They are expected to total about 270,000 vehicles in 2013, up 11% from last year.