California Lexus LM Minivan Has Exotic-Car Pricing

Luxury minivans remain a rarity in the United States, but a recent listing in California suggests that at least a few examples are quietly making their way onto American roads. Two second-generation Lexus LM minivans, both from the 2025 model year, have appeared for sale at a California dealership with combined asking prices exceeding $500,000.

The Lexus LM was first introduced in 2019 as the brand’s initial entry into the minivan segment, targeting buyers in Asian markets where chauffeur-driven luxury vans are common. While related to the Toyota Alphard and Vellfire sold overseas, the LM is positioned significantly higher, emphasizing refinement, isolation, and premium materials. The second-generation LM debuted in 2023 and further expanded on that mission.

The two examples listed for sale are both LM 350h models, each powered by a hybrid drivetrain. One is priced at $258,888 and has logged 8,709 miles, while the other carries an asking price of $269,800 with just 1,936 miles recorded. Both vehicles are finished in black, though the higher-priced example features a beige interior rather than an all-black cabin.

Though the dealership listings do not provide a detailed equipment breakdown, the interiors reflect the LM’s luxury focus. The rear seating area features deeply cushioned second-row chairs with extensive power adjustments, armrests, fold-out trays, and dedicated touchscreen controls. Individual sunroof panels are positioned above each rear passenger, reinforcing the LM’s emphasis on comfort rather than cargo capacity.

Both minivans use the 2.5-liter four-cylinder hybrid system producing 247 horsepower, similar in output to the drivetrain found in the Toyota Sienna sold domestically. While that setup is known for efficiency, the LM’s added weight and sound insulation likely reduce fuel economy compared to its mainstream counterpart. A more powerful LM 500h variant is available in other markets, offering a turbocharged hybrid system with 366 horsepower.

Vehicle history records for the higher-priced LM indicate it was first registered in Oregon, later titled in Montana, and eventually passed an emissions test in California. How both vehicles were imported remains unclear, as federalization and compliance can be complex and costly.

If legally registered, the Lexus LM offers an unconventional alternative to luxury sedans and large SUVs, delivering a level of rear-seat indulgence rarely seen in the U.S. market.

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