Brazil Spends Almost Five Times the Annual Income to Buy a New Car and Rises in the Ranking of the Most Expensive Countries in the World

Written by Caio Aviz

Published on 24/10/2025 at 17:01

Cena realista mostra o peso financeiro de possuir um automóvel no Brasil, onde os gastos superam quatro vezes a renda anual média.

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International Research Reveals That Brazilians Need To Spend More Than Four Times Their Annual Income To Own A New Vehicle

A global analysis published in March 2025 by the British consultancy Scrap Car Comparison unveiled a concerning fact. Brazil is one of the most expensive countries in the world to own a new car. The study showed that the total cost of acquiring and maintaining a vehicle can exceed 461% of the average annual income of a Brazilian worker. Thus, the car has become a true luxury item in the country.

International Study Details Cost Disparity

The research evaluated 98 countries and considered expenses related to purchase, fuel, insurance, maintenance, and taxes. In this context, only the Philippines and Colombia surpass Brazil in the ranking of countries where owning a car is more expensive.

Additionally, seven of the ten most expensive countries to own a vehicle are in Latin America. This demonstrates a regional pattern marked by high taxation, high interest rates, and expensive fuels. According to the report, the average cost for a Brazilian to buy and maintain a car is 4.6 times higher than their annual income. In developed countries, this number is much lower.

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Cheapest Countries and the Global Economic Gap

While Brazil faces one of the highest costs in the world, the United States leads among the countries where owning a car is more accessible. There, the total cost of acquisition and maintenance represents only 56.4% of the average annual salary, according to Scrap Car Comparison.

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Next are Australia, at 61.8%, and Canada, at 39.9%. These figures reinforce the differences in purchasing power and tax infrastructure. Although the car is essential in many economies, in Brazil it is still treated as an inaccessible luxury for a large part of the population.

Factors Driving Up Costs in Brazil

The survey pointed out the main culprits of Brazilian automotive budgets: high taxes, expensive fuels, costly insurance, and high financing interest rates.

According to the National Association of Automotive Vehicle Manufacturers (Anfavea), the average price of new cars increased more than 40% between 2020 and 2024. This increase was driven by inflation, currency devaluation, and production costs.

Furthermore, the average price of a liter of gasoline, according to the National Agency of Petroleum (ANP), exceeded R$ 5.90 in February 2025. This rise increases the weight of fuel in the total maintenance cost.

Another important factor is the interest rates on financing, which are among the highest in the world. According to the Central Bank, the average interest rates exceed 25% per year, further inflating the dream of owning a car.

Social and Economic Impacts of Rising Automotive Costs

For mobility and economics experts, the current scenario turns the car into a symbol of social inequality. Without effective fiscal reforms and public policies, access to individual mobility will remain restricted.

The Brazilian Institute of Economics of Fundação Getulio Vargas (FGV IBRE) warns that the rising cost of automobiles undermines the renewal of the national fleet, which today has an average age of over 10 years. This situation increases the risks of accidents and emissions of pollutants.

The study by Scrap Car Comparison reinforces that revising taxes and encouraging more efficient vehicles is essential to balance the market and boost the Brazilian automotive economy.

The Challenge of Mobility and the Future of the Sector

Although the government discusses incentive measures for the automotive industry, such as the Mover Program, launched in 2024, the impact on consumers is still minimal.

Brazil continues to face high tax burdens, persistent interest rates, and poor infrastructure. While other countries advance toward electrification and sustainable mobility, Brazilians still struggle to access the basics — a personal car.

In light of this scenario, pressure is increasing for tax reforms and accessible credit policies. These changes could democratize individual transportation and strengthen the automotive production chain.

What do you think should be a priority for Brazil: reducing taxes and facilitating access to new cars or investing in public transport and sustainable mobility to lighten the burden on citizens’ wallets?

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Brazil Spends Almost Five Times the Annual Income to Buy a New Car and Rises in the Ranking of the Most Expensive Countries in the World

International Research Reveals That Brazilians Need To Spend More Than Four Times Their Annual Income To Own A New Vehicle

International Study Details Cost Disparity

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

Cheapest Countries and the Global Economic Gap

Factors Driving Up Costs in Brazil

Social and Economic Impacts of Rising Automotive Costs

The Challenge of Mobility and the Future of the Sector

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Brazil Spends Almost Five Times the Annual Income to Buy a New Car and Rises in the Ranking of the Most Expensive Countries in the World

International Research Reveals That Brazilians Need To Spend More Than Four Times Their Annual Income To Own A New Vehicle

International Study Details Cost Disparity

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