THE free trade agreement with Japan has led Lexus Australia to drop prices on a range of models.
Lexus has reduced pricing on its CT, IS, ES, GS, LS, RX and LX model after removing the 5% import duty as part of the new agreement.
Reductions have already been applied to the new NX compact SUV and RC coupe model lines.
The retail price reduction ranges from $2000 on CT 200h premium hybrid hatch to more than $8600 on the LS limousine.
Lexus Australia chief executive Sean Hanley said the price restructuring provided an opportunity for new customers to experience the Lexus brand.
"In recent times we have introduced dynamic new models that offer progressive design and performance in NX and RC," Mr Hanley said.
"Now we can offer our existing model lines with even more competitive pricing to allow more customers to experience the vast benefits of Lexus ownership.
"That ownership experience is built on enhanced features, leading technology, design, unmatched reliability and a rewarding driving experience.
"It is positive news for our brand and customers and adds to what is already a significant year for Lexus as it celebrates its 25th anniversary."