Sales of luxury cars in Vietnam are apparently unfazed by the current economic downturn, with carmakers and dealerships saying their revenue exceeded targets in the first quarter of this year. Speaking at the debut of the BMW X5 sedan in Ho Chi Minh City on Friday, Herdtle said the growth is beyond prediction. Euro Auto has experienced steady growth over the last seven years in Vietnam, in spite of the troubled economy, he added. The BMW X5 has two editions – the xDrive35i, which fetches VND2.64 billion (US$124,500), and the xDrive50i, available at VND4.98 billion ($234,900). Another luxury carmaker, Audi, has also posted positive business results in the year to date, according to its Vietnamese official distributor, Lien-A International JSC. A company representative revealed to newswire Saigon Times Online that it enjoyed a double-digit expansion in the first quarter but refused to elaborate on the exact number. Last year Lien-A International sold more than 600 Audi sedans of all models, an impressive increase of 88 percent from a year earlier, far exceeding its target, director Tran Tan Trung told Tuoi Tre. Meanwhile, German player Mercedes-Benz, the only international luxury carmaker that has an assembling plant in Vietnam, enjoyed what Saigon…
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