The price of a new car in the U.S. may not seem cheap, but at least a basic commuter vehicle is within reach of most Americans with a decent job. This isn’t the case in all countries. According to one bank’s study on international mobility, the operating costs of a typical entry-level car would eat up 95% of a teacher’s annual salary in South Africa and a whopping 122% of a teacher’s annual salary in Brazil. (American teachers aren’t known for being paid particularly well, but just 23% of a typical U.S. educator’s salary could buy a car.) Automotive World reported that a car that sells for about $15,000 in some countries is likely to sell for $33,000 in Brazil, thanks to high taxes, production costs and extraordinarily large profit margins. Meanwhile, car prices are at least 30% more expensive in Australia, compared with the U.S., because of, among other things, the added expense of shipping vehicles to car dealerships Down Under.
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