Carmudi?has?created a Toyota Corolla Index based on listing data in order to investigate the costs of purchasing this standard car in twenty emerging markets in Africa, Asia, Middle East and Latin America.

wpid-Toyota-Corolla.jpgCarmudi said it has established that the Toyota Corolla, often referred to as the world?s most popular car, is sold on average once every 40 seconds, and that trend has continued over the last 40 years.

It noted that they analyzed the data over the last six months which included over 17,000 Toyota Corolla listings. “The most frequently listed used Corolla worldwide was from 2010; however several countries in which Carmudi operates have older cars; for instance, Tanzania?s newest Corolla model was from 2008. In fact, the mean year of production was 2005, which makes sense as Carmudi is known for its used cars.”

To compare the prices across borders, Carmudi examined the average prices of select used Corollas for each country. The criteria for selection were cars built between 2005 and 2011 with between 45000 and 110000 km on the odometer.

According to Carmudi, it has chosen the criteria to provide a range of Corollas accessible in all countries, while reducing the disparities between older and newer used vehicles.

Based on the Economist?s light-hearted Big Mac Index, the Carmudi Corolla Index serves as an at-a-glance tool to understand the wildly ranging price difference in emerging markets. From import taxes, to domestic production not meeting demands, to rising market prices, the cost of the world most popular car is anything but standard.

spyGhana.com

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