This Is the Most Expensive Country to Buy a Sports Car

Special Report

Published: March 22, 2022 10:00 am

New cars are so scarce worldwide that some models are not available at all. Inventories are extremely low, mostly due to a shortage of microchips used in car electronic and infotainment systems. Dealers have started to charge above the manufacturer’s suggested retail prices, which has angered manufacturers who do not want resentful customers.

Car prices vary by country. Some of the countries where cars are most expensive are, ironically, poor and have impoverished populations. These include Iran and Angola, according to The Global Economy. Others are considered rich countries, including Singapore and Bermuda. The most expensive country to buy a sports car is Cambodia.

The problem with the chip shortage has cost much of the car manufacturing industry greatly. Some companies have needed to shutter assembly lines and many have posted poor financial results in recent quarters. Fortunately for many Americans, cars have stayed on the road longer than ever, with an average of over 12 years since purchase in 2021. Some models have high percentages of cars that have been on the road for over 200,000 miles. (These are the longest lasting cars on the road.)

The recent Cost of Buying a Car Around the World report from product and service comparison website Confused.com looked at car prices in different countries for four categories of cars: sports cars, sport utility vehicles, hatchbacks, and electric vehicles. For purposes of comparison, the study used the Ford Mustang as its sports car. It has been one of the top-selling sports cars in America since it was launched in 1964. Based on occasional redesigns, it has gone through six generations. Recently, Ford released an electric version.

To find the most expensive country to buy a sports car, 24/7 Wall St. reviewed Confused.com’s report. The report used the price from the manufacturer’s local website in each country and took the cheapest available model, including taxes. (In the U.S., these are the most expensive cars.)

The United States is the second cheapest country to buy a Mustang in, with a base price of $27,205. In countries where the cost is high, the price is several times that. It is highest in Cambodia, at $145,000. Cambodia is among the poorest countries in the world, according to the CIA’s World Factbook. Gross domestic product per capita is $4,200, which ranks it 180th in the world.

Click here to see the most expensive country to buy a sports car