However, it is not true, definitely not for all cars, that cars are cheaper in Europe. All new non-european cars are more expensive in Europe than in US. And we are talking about a significant difference. For European cars, e.g. new BMW is cheaper in US but now it is mainly due to the exchange rate.
Country % of average yearly salary required to buy and run a car
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1. Australia 49.48%
2. United States of America 54.87%
3. Denmark 60.34%
4. Canada 64.40%