Lexus Australia has revised the pricing of key model lines following the implementation of Australia’s new free trade agreement with Japan.

Lexus will introduce reduced pricing on its CT, IS, ES, GS, LS, RX and LX model lines thanks to the removal of the existing five per cent import duty as part of the new agreement between the two countries.

Reductions have already been applied to the new NX compact SUV and RC coupe model lines.

The retail price reduction ranges from $2,000 on CT 200h premium hybrid hatch to more than $8,600 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,” Mr Hanley said.

“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.”

The new pricing takes effect from February 1, 2015.