How many salaries does an Italian need to buy a used car?

Have you recently tried to buy a used car? I do and I assure you that it was not easy at all. Between vehicles with mileages high or poorly maintained with poor maintenance, what greatly lengthened my search was finding the car put up for sale at right price.

The values ​​that revolve around the second-hand market, in fact, have now been constantly growing for about 2 years, i.e. since the post-pandemic period, a rise that is not about to stop and which is causing quite a few problemsespecially on our pockets, as he wanted to demonstrate carVertical with his latest research.

Over a year old

According to the leading company in data collection for the automotive sector, today an Italian needs more than that to buy a used car 13 salariesa number higher than the European average which, certainly, is paralyzing an entire sector and which is not helping the normal “replacement” of the most polluting vehicles.

To achieve this result, carVertical it started from the average salary in Italy, i.e. approximately 1.500 euroa value which was subsequently related to the average price spent by Italians in recent years for the purchase of a used car, i.e. 21.640 euro (variable based on the chosen vehicle segment).

A European issue

To have a comparison with the rest ofEuropathe result of the research for Italy was placed close to that obtained in other countries and from this it emerged that to purchase a second-hand vehicle it takes on average almost 10 months of work throughout the continent.

The carVertical European ranking

Among the various nations, Italy ranks at fourth place of the ranking, with the podium led by Portugal, where over 22 months’ payments are needed to purchase a car, followed by Romania (over 15 months’ payments) and Serbia (over 14 months’ payments).

At the bottom of the ranking, however, is Finland, where it takes just over 2 months to sign the contract, followed by Germany and Switzerland, with 6 months each.

Following the research, Matas Buzelis, automotive industry expert and Head of Communications at carVertical, commented:

“For Italians, the price of a car is a fundamental factor on which the purchase can depend and turning to the second-hand market can be a solution for finding more accessible vehicles. However, the economic variable is not the only one to take into consideration: it is important that dealers share the vehicle history with buyers to verify that the required investment is in line with the characteristics of the used car of interest”.