Toyota’s Lexus brand announced retail pricing for its all-new 2014 IS Sedan, which is set to arrive at dealerships this summer. The IS250, which is powered by a 2.5L V-6 that delivers 204 hp and 185 lb.-ft. of torque, starts at an MSRP of $35,950 for RWD and $38,485 for AWD. The next model in the lineup, the IS350, features a 3.5L V-6 and starts at $39,465 for RWD and $41,700 for AWD. According to Lexus, this price is a 2.1% decrease from the price of the IS model it replaces.

Standard features on all of the IS models include HID headlamps; L-shaped LED daytime running lights; Drive Mode Select; paddle shifters; a dual zone climate control system; a Remote Touch Interface; a Display Audio system; a color 4.2 inch TFT multi-information display; and 10 airbags. The multimedia system features real-time traffic and weather information without requiring a subscription.

Lexus offers three packages for the IS models, including Premium, Luxury, and Sport. Each package is available across the IS model range, according to Lexus. The Premium Package, which costs $1,050 for RWD models, includes LED headlamps and heated and ventilated front seats.

The Luxury Package features a perforated leather-trimmed interior; linear wood trim; electrochromic exterior mirrors with reverse tilt; rain-sensing wipers; driver seat memory; a power tilt/telescopic steering wheel; center stack knee pads; and Blind Spot Monitor with Rear Cross Traffic Alert. It also includes all the features in the Premium package. It costs $3,665 for RWD models.

The F SPORT Package is $3,115 for the IS 250 RWD and $3,620 for the IS 350 RWD, and comes with a number of performance-oriented features.