Retail in Asia

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Rolls-Royce eyes Thailand, Vietnam

Ultra-luxury carmaker Rolls-Royce is looking to expand into Thailand and Vietnam, a top executive said recently, after it posted record sales in 2011 with Asia its fastest-growing market.

The German-owned UK carmaker announced on Monday sales jumped 31 percent to 3,538 vehicles last year, up from the 2,711 units in 2010, and was the highest-ever annual total in the company’s 107-year history.

The surging sales were driven by demand from China and the US, it said, with 47 percent year-over-year growth in Asia-Pacific, 17 percent in North America and 23 percent in the Middle East.