In 1990, the Collor government announced the 1st measure to make cars cheaper in the midst of the economic crisis; remember

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At the time, the federal government announced a decree that reduced the Tax on Industrialized Products (IPI). In 1990, the Collor government announced the first measure to make popular cars cheaper In 1990, even with low car sales and an economic crisis, the Fernando Collor government published a decree that reduced the Tax on Industrialized Products (IPI) and announced, for the first time, an incentive policy for brand new popular cars. At the time, the then Minister of Economy, Zélia Cardoso de Mello, met the first car to be sold with the tax discount. Zélia tested the vehicle, examined the car and even took it for a drive. Zélia Cardoso de Mello, then Minister of Economy, in 1990 Reproduction/JN According to the National Association of Motor Vehicle Manufacturers (Anfavea), in the year, despite the crisis, the 11 automakers installed in the country employed more than 117 thousand workers, and still generated more than 5 million indirect jobs. Supreme condemns former senator Fernando Collor It didn’t take long for the measure to lose effect and sales continued to fall. So far, measures to stimulate the production and sale of popular cars have been adopted on other occasions by different governments, but none of them has managed to prevent the shrinkage of the sector. Over the past 33 years, the number of factories installed in Brazil has almost doubled, but the number of jobs has dropped (101,600) and the generation of indirect jobs has plummeted (1.2 million) — a reflection of the automation of assembly lines. 📌 New reduction The Lula government announced this Thursday (25) 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 thousand. The expectation is that the measure generates a reduction of 1.5% to 10.96% in the final price of the car. The measures, according to the automotive sector, can make new popular cars cost less than R$ 60,000 again. 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 measures announced this Thursday.

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