The 2024 Lexus LS500 is one of the most popular models on the market. Here's why it's so desirable

Lexus is a division of Toyota , but it's done a hell of a job creating a distinct identity for itself as a leader in the luxury automobile market.

For a long time, the LS has been synonymous with high-end luxury which has made it a hot commodity on both new and used markets.

It shares Toyota 's reputation for reliability and build quality, and has developed a unique focus on craftsmanship, comfort, and advanced technology.

While the Lexus LS500 delivers impressive power, fuel economy isn't its strong suit.

The standard LS500 with rear-wheel drive offers an EPA -estimated 18 mpg in the city and 29 mpg on the highway.

The LS460 has also been recalled on multiple occasions due to some serious safety hazards, like potential sudden engine failures and engine fires.

Lexus has earned a solid reputation as a reliable player in the luxury car market.

According to RepairPal , the average maintenance cost for a Lexus is around $551 per year, significantly lower than the industry average of $ 652 .

The Mercedes-Benz S-Class has long been the standard when it comes to luxury sedans, and for good reason.