More than 30 cars are priced up to R$ 120,000 and may become cheaper with government measures; see list

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More affordable models currently cost from BRL 68,990. Traffic on Avenida Tiradentes, in the Luz region, in São Paulo. Fernando Frazão/Agência Brasil More than 30 cars sold in Brazil have prices up to R$ 120,000 and may be affected by the measures announced by the federal government this Thursday (25). The data comes from a survey carried out by g1 on the websites of automakers operating in the country. See how the government’s measure to reduce car prices will work For the survey, the report 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 that cost up to this amount: 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 Novo 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 – R$ 118,700 Fiat Pulse Audace – R$ 119,990 Measures to make cars cheaper up to R$ 120 thousand The federal government announced last Thursday (25) a package of measures with the objective of reducing the final price of cars for consumers. Among the proposals are: Tax cut to reduce the final price of a car up to R$ 120,000 by up to 10.79%; Adoption of the reference rate (TR) as an interest rate for research and innovation projects; R$ 4 billion in financing in dollars from the National Bank for Economic and Sustainable Development (BNDES), aimed at companies that work with exports. 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. According to the Vice-President of the Republic and Minister of Development, Industry, Commerce and Services, Geraldo Alckmin, the reduction in the final price could be even greater: The government is considering allowing the direct sale of cars to individuals. The discount will vary from 1.5% to 10.79%, based on three factors: the vehicle’s current value: the cheaper the car, the greater the tax discount; the emission of pollutants: the cleaner the engine and the production process, the greater the discount; the production chain: the greater the percentage of parts and accessories produced in Brazil, the greater the discount. As announced by Alckmin, the Ministry of Finance will have a period of 15 days to adapt the decision to the fiscal rules – that is, calculate the loss of collection and say what the compensation will be in the budget. After that period, according to Alckmin, the government will issue a provisional measure and a decree to regulate the issue. ANALYSIS: Measures to make cars cheaper are positive, but there is still a lack of clarity on the fiscal side Government announces tax cuts with the aim of reducing the price of popular cars

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