More than 30 cars are sold up to R$ 120,000 and may be cheaper due to government measures; see list

Traffic on Avenida Tiradentes, in the Luz area, in São Paulo. — Photo: Fernando Frazão/Agência Brasil

More than 30 cars sold in Brazil have a price of up to R$ 120,000 and may be affected by the measures announced by the federal government this Thursday (25). The data is from a survey conducted by g1 on the websites of car manufacturers operating in the country.

See how the government’s move to reduce car prices will work

For the investigation, the article focused on the São Paulo area and the initial prices suggested by car manufacturers on their websites. Yet according to research, 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 – BRL 68,990
Renault Kwid – BRL 68,990
Peugeot 208 – BRL 69,990
Fiat Mobi Track – BRL 72,290
Citroën C3 – BRL 72,990
Fiat Argo – BRL 79,790
Renault Stepway – BRL 79,990
Volkswagen Polo 2023 Track – BRL 81,370
Hyundai HB20 – BRL 82,290
Chevrolet Onix – BRL 84,390
Fiat Cronos – BRL 84,790
Volkswagen Novo Polo MPI 2023 – BRL 86,390
Renault Logan – BRL 89,560
Hyundai HB20 Sedan – BRL 91,890
Volkswagen Saveiro – BRL 94,490
Chevrolet Onix Plus – BRL 96,390
Toyota Yaris – BRL 97,990
Peugeot Partner Rapid – BRL 98,781
Fiat Strada Endurance – BRL 99,990
Fiat Pulse – BRL 100,990
Nissan Versa Sense 2023 – BRL 101,190
Peugeot 2008 – BRL 102,990
Chevrolet Spin – BRL 103,990
Volkswagen New Virtus – BRL 104,390
Fiat Strada Liberty – BRL 105,990
Citroën C4 Cactus – BRL 108,990
Fiat Cronos Precision – BRL 109,890
Nissan Versa Advance – BRL 110,490
Fiat Fiorino – BRL 111,990
Fiat Strada Volcano – BRL 112,990
Nissan Kicks – BRL 112,990
Renault Duster – BRL 112,990
Renault Oroch – BRL 115,900
Volkswagen T-Cross – BRL 116,550
Hyundai Creta – 116,560
Chevrolet Montana – BRL 118,690
Honda New City Sedan – BRL 118,700
Fiat Pulse Audace – BRL 119,990

Measures to make cars cheaper up to R$ 120 thousand

Tax reduction to reduce the final price of the car up to R$ 120,000 to 10.79%;
Adoption of the reference rate (TR) as an interest rate for research and innovation projects;
R$ 4 billion in dollar financing from the National Bank for Economic Development and Sustainability (BNDES), targeting companies that work with exports.

Action, according to the automotive industry, can do popular new cars cost less than R$ 60 thousand.

For now, the starting price of a new car is around R$68,000 – more than 50 minimum wages (today it is R$1,320). This value does not take into account the measures announced this Thursday.

According to the Vice President of the Republic and Minister of Development, Industry, Trade and Services, Geraldo Alckmin, the final price reduction may be even greater: The Government is considering allowing the direct sale of cars to individuals.

The discount will range from 1.5% to 10.79% depending on three factors:

the current value of the car: cheap car, big tax discount;
emission of environmental pollution: cleaner engine and production process, bigger discount;
production chain: the higher the percentage of parts and accessories produced in Brazil, the greater the discount.

As announced by Alckmin, The Ministry of Finance will have 15 days to adjust the decision to tax laws – ie, calculate the loss of income and say what the compensation will be in the budget. After that period, according to Alckmin, the government will issue a temporary measure and order to control the issue.