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Saturday, April 1, 2023

Mexico is the most expensive country in the world to own a car

The global cost of car study, which was carried out by American vehicle platform FINN, revealed this Mexico is the most expensive country to own a car on the planet, Some of the variables that were taken into account were Salary and fuel cost.

Despite the fact that Mexico is one of the world’s leading countries in terms of vehicle production, and it has one of the most qualified workforce in the automotive sector, owning a car is more expensive than elsewhere.

Mexico is the most expensive country in the world to own a car. Photo: Freepik

Where is it more expensive to buy a car?

The FINN platform determined that Mexico is the most expensive country to own a car on the planet, even though it has the most popular car, the Versa. “The country ranks first because of its high fuel costs, as well as the third highest cost of its most popular car, the Nissan Versa, compared to its median income.”

List of 10 countries where it is more expensive to own a car:

  1. Mexico
  2. Estonia
  3. Latvia
  4. portugal
  5. Czech Republic
  6. Hungary
  7. israel
  8. Greece
  9. spain
  10. Slovakia

Similarly, according to the study, Mexico is the place where gasoline is more expensive, with the cost of fuel per liter costing each Mexican an average of 0.22% of their monthly salary. This is despite the fact that fuel prices are among the cheapest.

In contrast, Luxembourg is the country where it is cheapest to buy a car, reaching a score of 0.64 out of 10, a point in favor that it is more accessible to buy its most popular car: the Volkswagen Golf.

Finally, to complete the list of three countries where it is cheaper to buy a car, the United States is in second place, and Australia is in third place.

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Bachelor of Social Communication, graduate of the Autonomous University of Yucatan. I have worked in different media in Merida, Yucatan. Hobbies: Animal lover, traveling and reading.

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World Nation News Desk
World Nation News Deskhttps://worldnationnews.com/
World Nation News is a digital news portal website. Which provides important and latest breaking news updates to our audience in an effective and efficient ways, like world’s top stories, entertainment, sports, technology and much more news.
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