Daily News Briefs: June 18, 2012

Lexus_grille
If you're shopping luxury cars, now might be a good time to buy. Automotive News reports Lexus, Mercedes-Benz and BMW raised incentives past the industry average as the brands remain neck-and-neck for this year's luxury sales crown. Through May, Mercedes sold 106,371, excluding the Sprinter van; BMW sold 104,779, and Toyota's luxury division — the best-selling luxury brand from 1999 to 2010 — placed third, with just 88,110 sales. But it led the incentive gains, with discounts up 54%, Autodata told Automotive News. All three have outpaced the market's 13% sales gains this year, but the luxury market is sluggish overall, with sales up just 5.5% through May.

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