The Lexus LFA is undoubtedly a supercar, but many criticized its lofty $375,000 price tag.

When compared to its performance rivals that figure seems downright excessive. After all, for $225,000 you can land a Ferrari 458 Italia or for $90,000 thereís the Nissan GT-R. Then again, at this level youíre paying as much for exclusivity as for price and with just 500 units ever made, and the fact that the LFA is undoubtedly Japanís first ever supercar, the automaker had no trouble finding buyers.

Based on that carís success and Toyotaís newfound performance spirit under the leadership of CEO Akio Toyoda, Lexus is already preparing a successor that will be vastly more impressive in terms of performance. It will also be vastly more expensive.

Our well-connected source was informed by a senior Toyota executive who prefers to remain anonymous that plans for an LFA II are currently in the works. The new supercar has been described as twice the car, with a significantly higher performance level. To match that new performance, pricing will climb steeply, into the range of $800,000 to one million dollars.

Like the LFA it will be an exclusive product, but even more so than the original, with plans to produce just 100 units.
Read the complete Lexus LFA II story at AutoGuide.com