In addition to having the region that consumes the most Coke globally, Mexico ranks first among the countries where it is more expensive to own a car, according to a recent report. the latin american nation It is the most expensive place in the world to own a car.surpassing others with a higher economic level, due to the proportion between the salary and the expenses involved in acquiring and maintaining a vehicle.
To reach this conclusion, the study Global Cost of a Car took three factors into account: vehicle pricethe gasoline cost and the average salary per capita. With these data, they calculated what percentage of monthly income a person spends on a car in each country.
“Mexico ranks first as the least affordable country”, affirms the report prepared by the subscription car platform FINN. They explain that the nation obtained a total score of 9.7 out of 10 in the final evaluation. That places us as the country where it is more expensive to have a car globally, followed by Estonia with 8.9 and Latvia with 8.64.
Why is a car so expensive in Mexico?
The study points out that this is due to “its high fuel costs, being first place in this factor”. According to his calculations, the liter of fuel costs 0.22% of an average monthly salaryfar surpassing the second place, Slovakia (0.15%), and Greece (0.14%).
Despite being one of the countries with the cheapest fuel prices in real terms, thanks to government subsidies and its booming oil industry, drivers in Mexico spend the most on gasoline, in proportion to their average monthly income. .
– Global Cost of a Car Study
At the opposite pole, the countries with the cheapest gasoline, in relation to average income, are Iceland, Luxembourg, Switzerland and the United States (0.05%).
And if that was not enough, Mexico is also the third country with the most expensive cars on the planet “despite being among the cheapest countries to buy a car, in general”, detail from FINN.
As an example they said that:
His most popular car, the Nissan Versa, costs just under 96% of the median annual salary ($16,429). Which makes it one of the most difficult countries to get a new car.
This means that, although prices in our country are lower than in others, Mexicans would have to spend practically their entire salary for a year to buy a car. And that in the optimistic scenario of someone who earns just over 300,000 Mexican pesos per year, which is the figure taken as the average salary in Mexico for the study.
In the other side, Japan has the cheapest cars in the world, whose cost represents about 26% of the average annual salary. they follow him France and Luxembourgwith 36% spending, and Slovenia (almost 39%).
These are the 10 countries where it costs more to own a car
The most expensive country in the world to own a car is Mexico, but the list ended like this:
- Mexico
- Estonia
- Latvia
- Portugal
- Czech Republic
- Hungary
- Israel
- Greece
- Spain
- Slovakia
By contrast, the cheapest place for motorists is, oddly enough, the richest country in the world: Luxembourg. The small European country scored only 0.46 out of 10 in the overall rating (remember that Mexico scored 9.7). The top 5 complete it United States (0.91), Australia (1.97), Iceland (2.43) and Belgium (2.43).
Editorial Team The editorial team of EMPRENDEDOR.com, which for more than 27 years has worked to promote entrepreneurship.
