TOYOTA COROLLA
Earlier in March it was reported in The Economist that Singapore is the most expensive city in the world. The news didn't exactly come as a big surprise, with both property prices and car prices rising even further in 2013, the latter as a result of high Certificate of Entitlement (COE) prices and increased Additional Registration Fee (tax) on expensive cars.
But just how much more costly is it to own a car in Singapore? The Economist has had its own Big Mac Index around for some time now, so we decided to scour the Internet and assemble our own automotive version.
The car we used was a natural choice: The world's best-selling nameplate, with more than 40-million units shifted globally, and the closest thing to an automotive white good there is - the Toyota Corolla Altis.
With the launch of the new model globally, and it's now the same model sold everywhere else, it's the perfect choice for a study like this.
Earlier in the year another Yahoo story did something broadly similar, but our Toyota Corolla Global Price Index (TCGPI) compares the same good across borders with a much wider scope.
Toyota Corolla Global Price Index**
Country/ Variant /Trim /Local Price SGD Price
Australia 1.8L 7CVT ‘Ascent 4D’ A$25,812 - $30,143.51
Brazil 1.8l 4AT ? R 79,990 - $45,388.09
China* 1.6 4AT ‘G’ RMB 140,800 - $28,582.54
Cuba ??? ? USD40,000 (est) - $50,440.00
Germany 1.6L 7CVT ‘Life’ EUR22,500- $38,949.53
Indonesia 1.6L 7CVT ‘G’ Rp410,000,000 - $45,510.00
Japan* 1.5L 7CVT ‘G’ ¥1,697,143 - $20,741.46
Malaysia 1.8L 7CVT ‘G’ RM 114,015.30 - $43,954.26
Nigeria 1.8L 7CVT ? ₦ 6,000,000 - $46,110.00
USA 1.8L 4AT ‘L’ USD$18,210 - $22,962.81
Singapore 1.6L 7CVT STD - $135,988.00
South Africa 1.6L 7CVT Prestige R252,900 - $30,302.73
Taiwan 1.8L 7CVT Deluxe NT7,260,000 - $30,247.00
Thailand 1.8L 7CVT G B829,000 - $32,147.00
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