Haddad says he will take ‘some scenarios’ to Lula this week to make popular cars cheaper

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Last week, the government announced tax cuts for cars up to R$120,000. The economic team was given a period of 15 days to define how to compensate for the loss of revenue and the proportion of the tax discount. Economists disagree about the benefits for the Brazilian economy of reducing taxes on popular cars ” for him to make a decision on measures to make popular cars cheaper. “Let’s take it to the president [Lula] this week. I don’t want to leave it for next week. gave 15 days [de prazo para as medidas saírem], but we need to wrap this up this week. We are going to bring him some scenarios for him to make the decision”, declared Haddad. Last week, the government announced that it will reduce taxes with the aim of reducing the final price of popular cars by up to 10.96%. The measure will apply to vehicles. with a final value of up to R$ 120,000. The government gave the Ministry of Finance 15 days to adapt the measure to fiscal rules – that is, calculate the loss of revenue and say what the compensation will be in the budget. be presented to Lula this week. After that deadline, according to the Vice President of the Republic, Geraldo Alckmin, who is also Minister of Development, Commerce, Industry and Services, the government will issue a provisional measure and a decree to regulate the issue. less than R$ 60,000 The president of the National Association of Motor Vehicle Manufacturers (Anfavea), Márcio de Lima Leite, claims that the package of measures makes it “very possible” that new cars will once again cost below R$ 60,000 in Concessionaires. Currently, the starting price of the brand new car is around R$68,000 – more than 50 minimum wages (today at R$1,320). This value does not consider the measures announced last week. According to a survey by the g1 on the websites of automakers operating in the country, more than 30 cars sold in Brazil are priced at up to R$120,000 and could be cheaper. For the survey, the article considered the São Paulo region and the initial prices suggested by automakers on their websites. Still according to the survey, at least 10 companies sell cars up to R$ 120,000. See below the list of cars in this price range: Fiat Mobi – R$ 68,990 Renault Kwid – R$ 68,990 Peugeot 208 – R$ 69,990 Fiat Mobi Track – R$ 72,290 Citroën C3 – R$ 72,990 Fiat Argo – R$ 79,790 Renault Stepway – R$ 79,990 Volkswagen Polo Track 2023 – R$ 81,370 Hyundai HB20 – R$ 82,290 Chevrolet Onix – R$ 84,390 Fiat Cronos – R$ 84,790 Volkswagen Novo Polo MPI 2023 – R$ 86,390 Renault Logan – R$ 89,560 Hyundai HB20 Sedan – R $91,890 Volkswagen Saveiro – R$94,490 Chevrolet Onix Plus – R$96,390 Toyota Yaris – R$97,990 Peugeot Partner Rapid – R$98,781 Fiat Strada Endurance – R$99,990 Fiat Pulse – R$100,990 Nissan Versa Sense 2023 – R$101,190 Peugeot 2008 – R$ 102,990 Chevrolet Spin – R$ 103,990 Volkswagen New Virtus – R$ 104,390 Fiat Strada Freedom – R$ 105,990 Citroën C4 Cactus – R$ 108,990 Fiat Cronos Precision – R$ 109,890 Nissan Versa Advance – R$ 110,490 Fiat Fiorino – R$ $ 111,990 Fiat Strada Volcano – R$ 112,990 Nissan Kicks – R$ 112,990 Renault Duster – R$ 112,990 Renault Oroch – R$ 115,900 Volkswagen T-Cross – R$ 116,550 Hyundai Creta – 116,560 Chevrolet Montana – R$ 118,690 Honda New City Sedan – BRL 118,700 Fiat Pulse Audace – BRL 119,990

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