Toyota Alphard
Launched
RM548,000
Overview
The Lexus LM is a 2024-generation executive MPV for buyers who want a chauffeur-oriented luxury people mover, with a choice of seven-seat hybrid practicality or a four-seat flagship layout. Prices start from RM1,228,000. It sits far above the Toyota Alphard and Vellfire in price, and targets a distinctly more exclusive brief.
LM in 2026 — what's new
No 2026-specific Lexus LM update is announced, so the Malaysian model carries into 2026 unchanged with the LM350h and LM500h line-up. The latest reported revision is a 2025 Japanese-market update that improves NVH and relocates the rear door switches in the four-seat Executive variant. Malaysia continues with the seven-seat LM350h and four-seat LM500h introduced in 2024.
Variants (2)
RM1,228,000–RM1,468,000 · est. from RM12,535/mo
Which variant to buy
Most buyers should choose the RM1,228,000 LM350h. It has seven seats, a 2.5-litre hybrid system producing 368 hp, front-wheel drive and an eCVT, so it is the only choice for carrying more than four people. Pay RM1,468,000 for the LM500h only if a four-seat cabin is the point: the RM240,000 gap also gets 456 hp from a 2.4-litre hybrid, AWD and a conventional automatic transmission.
Key specs
- Horsepower
- 188 hp
- Motor Horsepower
- 180 hp
- Torque
- 236 Nm
- Motor Torque
- 270 Nm
- Capacity
- 2,494 cc
- Transmission
- eCVT Automatic
- Driveline
- Front Wheel Drive
- Seats
- 7
- Boot Space
- 110 litres
- Airbags
- Driver and Passenger, Driver Knee, Front Side, Front and Rear Curtain
Key specs
- Horsepower
- 268 hp
- Motor Horsepower
- 188 hp
- Torque
- 460 Nm
- Motor Torque
- 461 Nm
- Capacity
- 2,393 cc
- Transmission
- Conventional Automatic
- Driveline
- All Wheel Drive
- Seats
- 4
- Boot Space
- 110 litres
- Airbags
- Driver and Passenger, Driver Knee, Front Side, Front and Rear Curtain
Previous model years (2)
Key specs
- Horsepower
- 188 hp
- Motor Horsepower
- 180 hp
- Torque
- 236 Nm
- Motor Torque
- 270 Nm
- Capacity
- 2,494 cc
- Transmission
- eCVT Automatic
- Driveline
- Front Wheel Drive
- Seats
- 7
- Boot Space
- 110 litres
- Airbags
- Driver and Passenger, Driver Knee, Front Side, Front and Rear Curtain
Key specs
- Horsepower
- 268 hp
- Motor Horsepower
- 188 hp
- Torque
- 460 Nm
- Motor Torque
- 461 Nm
- Capacity
- 2,393 cc
- Transmission
- Conventional Automatic
- Driveline
- All Wheel Drive
- Seats
- 4
- Boot Space
- 110 litres
- Airbags
- Driver and Passenger, Driver Knee, Front Side, Front and Rear Curtain
Shopping the previous generation? LM AYH36 (2021–2024) →
Colours
across the range — availability varies by variant
- Graphite Black Gloss Flake Metallic
- Sonic Agate Metallic
- Sonic Quartz Metallic
- Sonic Titanium Metallic
Verdict
The LM is not priced as an alternative to mainstream luxury MPVs. Even the entry model costs more than twice the RM548,000 Toyota Alphard, while the LM500h reaches RM1.468 million. Its case rests on the specific choice between seven-seat chauffeured transport and a dedicated four-seat flagship cabin, rather than price. The 2025 Japanese NVH revisions also address a central luxury-MPV priority.
Used cars for sale
Buying a new LM? Sell your old car, get paid in 24 hours
Lexus LM sales in Malaysia
83 registered so far in 2026 — Malaysia's #154 best-selling model this year.
Full LM sales data, month by month →Lexus LM resale value
What a used LM holds of its price, by registration year: the trade-guide value insurers and dealers reference, and the price the market typically asks.
Lexus LM
Market average
| Year | Trade guide | Typical asking | Holds |
|---|---|---|---|
| 2026 | RM1,353,000 | — | 100% |
| 2025 | RM1,011,200 | — | 82% |
| 2024 | RM833,100 | — | 68% |
| 2023 | RM756,200 | — | 63% |
| 2022 | RM680,000 | — | 59% |
| 2021 | RM605,400 | — | 53% |
Trade-guide and market listing data, West Malaysia. Actual prices vary with condition, mileage and variant; "holds" compares against that year's new price.
Generations
Rivals to consider
same class, similar money
Lexus LM FAQ
How much is the Lexus LM in Malaysia?
The Lexus LM range runs from RM1,228,000 for the seven-seat LM350h to RM1,468,000 for the four-seat LM500h.
Which Lexus LM variant should I buy?
Buy the LM350h if you need seven seats. Choose the LM500h only if you specifically want a four-seat layout, AWD and its 456 hp 2.4-litre hybrid powertrain.
Is the Lexus LM a hybrid?
Yes. Both Malaysian variants use petrol-hybrid powertrains: the LM350h has a 2.5-litre hybrid system, while the LM500h uses a 2.4-litre hybrid system.
How many seats does the Lexus LM have?
The LM350h has seven seats. The LM500h has four seats and is aimed at buyers prioritising rear-passenger accommodation over carrying a larger group.
