BERLIN (Bloomberg) -- Volkswagen AG's Audi aims to compete on pricing with BMW AG and Daimler AG's Mercedes-Benz with the R8 GT, its most expensive model ever.
The vehicle, which costs 193,000 euros ($270,000) in Germany, is part of a broader expansion of Audi's model range which may include a third sports car line in addition to the R8 and TT, Stephan Reil, development chief at Audi's Quattro sports car division, said in an interview.
High-end sports cars are important to Audi because they help the automaker increase the price customers are willing to pay across the entire model range by raising the brand's overall appeal.
Audi, which lags behind BMW and Mercedes in pricing power, has spent the last decade boosting its offerings.
“The more Audi advances as a premium manufacturer, the less necessary will it be for them to offer lower prices,” said Sascha Heiden, senior analyst at IHS Automotive in Frankfurt.
The average price Audi currently gets for a car in the United States, the largest market for luxury autos, is $43,820, or $12,630 less than Mercedes and $7,829 lower than BMW, according to automotive Web site Edmunds.com.
“This car will naturally have a positive impact on the flagship Audi brand,” Reil said at the carmaker's headquarters. “We can imagine many options, you'll have to wait and be surprised,” he said of new models.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101022/COPY01/310229961/1286#ixzz13gdauJj1
Audi Dealers
The vehicle, which costs 193,000 euros ($270,000) in Germany, is part of a broader expansion of Audi's model range which may include a third sports car line in addition to the R8 and TT, Stephan Reil, development chief at Audi's Quattro sports car division, said in an interview.
High-end sports cars are important to Audi because they help the automaker increase the price customers are willing to pay across the entire model range by raising the brand's overall appeal.
Audi, which lags behind BMW and Mercedes in pricing power, has spent the last decade boosting its offerings.
“The more Audi advances as a premium manufacturer, the less necessary will it be for them to offer lower prices,” said Sascha Heiden, senior analyst at IHS Automotive in Frankfurt.
The average price Audi currently gets for a car in the United States, the largest market for luxury autos, is $43,820, or $12,630 less than Mercedes and $7,829 lower than BMW, according to automotive Web site Edmunds.com.
“This car will naturally have a positive impact on the flagship Audi brand,” Reil said at the carmaker's headquarters. “We can imagine many options, you'll have to wait and be surprised,” he said of new models.
Read more: http://www.autonews.com/apps/pbcs.dll/article?AID=/20101022/COPY01/310229961/1286#ixzz13gdauJj1
Audi Dealers