Which countries offer the most expensive cars? - Vehicle prices in Europe. Turkey leads the way
Comparing car prices across Europe is a complex challenge. The price level index for “personal transport equipment”, published by Eurostat, is one way of looking at differences between countries. The data includes cars, motorbikes and bicycles, excluding maintenance, repairs, spare parts and fuel. The index uses €100 as the EU average, to show how prices vary from this base in different countries.
Turkey is by far the most expensive country for cars and other personal vehicles among the 36 European countries. Prices are 36.4% higher than the EU average, meaning that a vehicle that costs €100 in the EU would cost €136.40 in Turkey. Although it remains at the top of the list, prices have fallen, as this figure was €147.10 in 2021.
Denmark is the most expensive country within the European Union, with costs 19.1% higher than the bloc's average. "Direct taxation on cars varies significantly within the EU. Denmark is a special case with high taxes. This explains the high price index," the analysts explain.
Iceland (18.1%), the Netherlands (14.3%), Ireland (10.3%) and Switzerland (10.2%) are also among the other countries where car prices are at least 10% higher than the EU average. Following them, Albania ranks seventh, with 5.9% above the bloc's average.
In contrast, the cheapest countries for personal transport are North Macedonia and Slovakia. With the average limit set at €100, the same vehicles cost €87.70 in North Macedonia and €88.60 in Slovakia. This means that car prices are 12.3% and 11.4% cheaper, respectively.
Slovenia, Cyprus, the Czech Republic, Norway, Latvia, Montenegro and Poland also have prices at least 7% lower than the EU average. Among the four largest EU economies, Spain is the cheapest country for cars, 3.8% below the average. Germany, France and Italy are all very close to the bloc's reference threshold.
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