The Spanish need save 10 months all your salary to be able to buy one used caraccording to a study on automobile accessibility published this Wednesday by carVertical. Thus, Spain is placed by above the European average and far from the Finns who are those who would have to work the least to acquire a car with only 2.7 months, followed by the Germans (6 months) and the Swiss (6.1 months).
Thus, Spain ranks tenth among the 23 countries analyzed in terms of the time needed to acquire a used car, with an average of 9.6 months of work.
France is in a slightly more favorable situation, with 8.5 months of work required. However, the study warns that these figures are optimistic, as they assume that a person can save all your income monthly, which is not realistic.
In PortugalDrivers would have to work 22.4 months to buy a used car, the longest duration among the countries analyzed. They are followed by Romanians, with 15.4 months, and Serbians, with 14.7 months.
Monthly salary for a used car
In Spain, the average salary is 1,921 euros, while the average expenditure for a used car is 19,995 eurosaccording to data from Ganvam. On the other hand, Swiss It has the highest average value of a used car, with almost 39,000 euros, but it also has the highest average salary, reaching 6,377 euros.
Austria and Portugal, although they have similar budgets for the purchase of used cars (28,500 euros in Austria and 24,200 euros in Portugal), show a large difference in salaries.
In Austria, the average salary It is 2,600 euros, while in Portugal it is considerably lower, around 1,100 euros. This highlights the disparity in the effort required to buy a vehicle depending on the country.
“We are seeing signs of stabilisation in the used car market across the continent. Used car prices are continually showing a slight decline and the supply of used cars from used “This coincides with the demand for these vehicles,” warned Matas Buzelis, automotive expert at carVertical.
High inflation levels
Thus, the purchasing power of the Spanish reaches worrying levels. So much so that users are finding it increasingly difficult to buy used vehicles. The effects of high percentages of inflation In Spain, in recent years, they have had negative consequences on household accounts and budgets.
In addition, the price increase seems to be persistent, especially for consumer products most necessary for families. Specifically, this same Tuesday, the Bank of Spain presented his macroeconomic outlook September and, among them, the worrying development of the food inflation over the next few years.
On average, the agency expects the Consumer Price Index (CPI) of these products is, on average, close to 4% in 2024, but stagnates at 2.7% during the years 2025 and 2026. This would mean that food prices would increase by 0.7 tenths more than the percentage necessary to speak of stability.
The stagnation of food inflation at high levels is detrimental to the general CPI, given that, as the institution argues, food and energy These are two of the main factors that influence the indicative.
Moreover, the decline in the growth rate of food costs was not observed in the same way for all products: “We have seen a slowdown in food prices which has been particularly pronounced in the case of less processed products, not fresh food“.
