Monday, August 2, 2021
News The US and Canada are the Cheapest Countries in the World for...

The US and Canada are the Cheapest Countries in the World for Luxury Cars

Comparing costs for five premium vehicles in 30 global markets reveals that we’ve got it good in North America


  • Select luxury cars cost, on average, 70% less in the US than in the most expensive country.

  • The average price of selected luxury cars in the US is $81,408, $89,507 in Canada.


Canada and the US are two of the richest countries in the world so it makes sense that cars like the Mercedes-Benz S-Class and Tesla Model S are a common sight on our roads. One major contributing factor to their commonality is that they are relatively inexpensive to obtain here when compared to other countries.

2021 BMW X7

Using US dollars, Carinsurance has determined that the global average price of a luxury car was $123,573. This number was found by select five specific premium vehicles, namely the Mercedes-Benz S-Class, Range Rover, Audi e-tron quattro, Tesla Model S, and BMW X7, and comparing their recommended retail price in over thirty markets around the world.

Here are the least expensive countries to purchase these vehicles:

Rank

Country

Mercedes-Benz S-Class

Range Rover

Audi e-tron Quattro

Tesla Model S

BMW X7

Average price

1

United States

$94,250

$92,000

$65,900

$79,990

$74,900

$81,408

2

Canada

$100,476

$100,151

$69,642

$93,553

$83,716

$89,507

3

Japan

$116,755

$134,814

$84,248

$97,512

$100,591

$106,784

4

United Kingdom

$106,679

$116,263

$86,336

$116,896

$108,169

$106,869

5

Luxembourg

$121,920

$127,337

$81,500

$105,149

$104,458

$108,073

6

Spain

$129,539

$147,345

$87,403

$107,539

$69,609

$108,287

7

Germany

$116,879

$129,181

$82,575

$103,954

$109,702

$108,458

8

Czech Republic

$98,455

$135,154

$88,539

$115,079

$106,741

$108,794

9

Poland

$115,890

$134,496

$81,506

$104,656

$110,684

$109,447

10

Mexico

$126,148

$133,539

$96,383

$99,879

$94,390

$110,068

And here are the most expensive countries to purchase these vehicles:

Rank

Country

Mercedes-Benz S-Class

Range Rover

Audi e-tron Quattro

Tesla Model S

BMW X7

Average price

1

Israel

$335,757

$368,101

$161,943

$147,689

$274,150

$257,528

2

Denmark

$281,384

$326,333

$89,222

$132,374

N/A

$207,328

3

Finland

$186,209

$163,765

$92,164

$108,734

$154,778

$141,130

4

Australia

$195,557

$164,848

$113,596

$112,292

$111,622

$139,583

5

Norway

$156,413

$195,666

$70,655

$97,544

$167,678

$137,591

6

Greece

$164,398

$180,806

$88,957

$108,734

$127,456

$134,070

7

Netherlands

$159,106

$160,544

$80,908

$107,539

$155,032

$132,626

8

Portugal

$162,223

$160,545

$86,900

$108,734

$138,860

$131,452

9

Ireland

$148,032

$142,923

$87,851

$111,124

$156,983

$129,383

10

New Zealand

$152,015

$156,894

$84,775

$114,416

$120,481

$125,716

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Matt St-Pierre
Trained as an Automotive Technician, Matt has two decades of automotive journalism under his belt. He’s done TV, radio, print and this thing called the internet. He’s an avid collector of many 4-wheeled things, all of them under 1,500 kg, holds a recently expired racing license and is a father of two. Life is beautiful. Send Matt an emai

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