It takes more than 26 salaries to buy a car in Argentina

A report from the Institute of Economics of the Universidad Argentina de Empresa He noted that Argentina was in the international average in terms of the estimated value of a car. For the badysis, compared the price of a Volkswagen Golf 1.4 in 12 countries.

By case, India registers the lowest value among those badyzed with u $ 11,300, followed by Russia with $ 19,281 and Australia at $ 19,400, while completing the first five USA with $ 20,175 and Venezuelawhere it costs u $ 22,800. In Argentina, around 23,810 USD, just above Germany where the price is 23,112 USD.

Although there is no discernible difference between the different countries badyzed with regard to the local price, By comparing the amount of wages needed to buy such a vehicle, Argentina appears to be the most expensive.

The result showed that in the United States, it takes 4.3 average salaries to arrive at the "dream of oneself". It is the most advantageous country for workers who wish to invest their salary in a vehicle.

By following this line, Australia reappears on the podium – this time in second place – requiring only 5.1 average salaries. Germany completes the top three with 5.9.

The case of Argentina seems to be the last, even below Venezuela and Brazil, the other two countries in the region, where 19 and 22.8 salaries are needed, respectively. For locals, the task is even more difficult since it takes 26.5 salaries on average.

Indeed, although the value of the cars measured in foreign currency did not change during the last time, Salaries were affected by the depreciation of the peso. Thus, the country is in the last place of the study.

Economic recession and depreciation have been recognized in the local auto industry. After the 2018 coup, production had decreased by 30.7% from one year to the next in the first quarter of 2019. To the difficulties due to high interest rates and the reduced number of funding channels, were added the difficulties of the Argentineans when buying a vehicle. The crisis, we feel more and more.