Today, the cheapest models on the market cost close to R$ 70,000| Photo: Bigstock

The president of the National Association of Automotive Vehicle Manufacturers (Anfavea), Márcio Lima Leite, said this Thursday (25) that the measures announced by the government to make popular cars cheaper could lead to prices below R$ 60,000. Today, the cheapest models on the market cost close to R$70,000.

“The price, each automaker has its policy. It is very possible to have prices below R$ 60,000, but that is a matter for each automaker”, said Leite, according to the Folha de S.Paulo newspaper. According to him, the value would even apply to vehicles already produced and which are in the stocks of the companies.

This morning, the vice-president and minister of Development, Industry and Commerce, Geraldo Alckmin (PSB) announced a reduction in IPI, PIS and Cofins on vehicles worth up to R$ 120,000 that meet energy efficiency and industrial density criteria. According to him, the rates will still be calculated by the Ministry of Finance, but the discount on the price of cars should vary between 1.5% and 10.79%.