The FINN Auto study was based on OECD data on average annual
earnings in each country, not counting the average salary calculated by
Eurostat. In this way, it is possible to compare countries with different
working hours and remuneration. In addition to average income, the cost of
purchasing a car, purchasing power, and fuel prices were also taken into
account.
The results reported in NM found that Portugal is the fourth most expensive
country in the world to own a car. Portugal registered a score of 8.19, with
Mexico, the most expensive country, receiving 9.70 out of 10.
The cheapest countries to own a car were found to be Luxembourg
(0.46), the USA (0.91), and Australia (1.97).