Argentina is the second most expensive country in the world to buy and maintain a car

Argentina is the second country in the world where car maintenance is more expensive. According to a survey carried out by the British site Scrap Car Comparison, for Argentinian motorists, the cost of buying and maintaining a car represents 515.77% of their average salary. The first place in the ranking of the most expensive countries was for Turkey, where a percentage of 652.29% of the salary is required mean.

The British site has made a ranking with the cheapest and most expensive countries to buy and maintain the expenses of a car. As they explained, they took into account the average costs of the cars (for the same models in different countries) and added the average cost of insurance, repairs and the value of fuel. These values ​​were then compared to the average annual earnings in each country. In this way, they calculated what percentage of the average annual salary is needed to buy and maintain a car.

Australia offers the best value for drivers: it takes just under half of the average annual salary (49%) to buy and maintain a car

Australia has established itself as the cheapest country. According to the study, it offers the best value for the driver: it takes just under half of the average annual salary (49%) to buy and maintain a car. Other countries that are cheap (relative to wages) for purchasing automobiles are the United States (54.87%), Denmark (60.34%), Canada (64.4%); Sweden (75.84%), Germany (78.44%), Netherlands (84.65%), France (87%), United Kingdom (89.36%) and Finland (91.58%).

At the other end of the list were countries with lower average wages, meaning it is more expensive to buy and cover the monthly expenses of a car. Turkey tops the list of the most expensive countries: it takes more than 6 times the average annual salary to buy and drive a car. Then Argentina and several Latin American countries were located.

The possibility of buying a 0 km car in Argentina is increasingly remote for the middle class. For someone earning an average salary, it is much more difficult today to access a model from the most economical segment of the market than it was two years ago. According to a report by the Association of Automobile Dealers of the Republic of Argentina (Acara), in March of this year 19.3 salaries were required to buy a VW Gol Trend model car, one of the most affordable. To perform the calculation, the average salary of registered workers in the private sector, published by the Ministry of Labor, was taken into account.

According to data published by the association, in 2018, 11.2 average salaries were needed; in 2019, it rose to 17.4 salaries; in 2020 the figure was 17.7 salaries. And in the first months of 2021, more than 19 salaries were already demanded.

In the Argentinian market, 32,338 0-kilometer automobile units were patented in July 2021, which represents an increase of 6.1% year-on-year.

In the Argentinian market, 32,338 0-kilometer automobile units were patented in July 2021, which represents an increase of 6.1% in one year. In the cumulative seven months of the year, 243,068 units were patented, 32.2% more than in the same period of 2020, in which 183,889 were registered.

According to the president of Acara, Ricardo Salome, The figures for July reflect that the market is experiencing a significant increase in demand which could not be fully met as the supply was limited by the shortage of vehicles. “Today we see a market of almost 400,000 vehicles. Anyway, we are heading towards an active second half, the trading situation has made people go out and buy because they know it is the right time to buy a vehicle and take advantage of the opportunities that are generated. by the existing gap, “he said.

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