Automotive Industry

Phaeton is $20,000 cheaper in the USA; VW bows to US dealer demand for a lower price on luxury sedan.(News)(Brief Article)

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Byline: Ralph Kisiel

Volkswagen will sell its Phaeton luxury sedan in the USA for $20,135 ([euro]17,500) less than in Europe.

Volkswagen of America Inc. has priced its 2004 model year Phaeton with a V-8 engine at $65,215.

The price is reasonably close to the $60,000 figure that US dealers had anticipated.

VW of America had been vigorously lobbying Volkswagen bosses in Germany to keep the price down in the US market.

In Germany, a Phaeton with a V-8 has a suggested retail price of [euro]73,350, or about $85,350.

Moving upmarket

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