By Alzira Rodrigues | 7/6/23 | Translated by Jorge Meditsch

The Ministry of Development, Industry, Commerce and Services (MDIC) updated the affordable car program data on 7/5, confirming that from the R$ 800 million incentives approved for automobiles and light commercial vehicles, R$ 710 million were already liberated.

R$ 150 million of this total are federal taxes related to the incentive package, and R$ 560 million will be returned to the manufacturers and tax credits. From the value already liberated for manufacturers, most correspond to vehicles already invoiced to dealers, which would be negotiated with discounts on retail.

Stellantis keeps leading the list with R$ 3000 million so far – R$ 250 million for Fiat and Jeep and R$ 50 million for Peugeot and Citroën. Volkswagen is next with R$ 100 million, followed by Hyundai and Renault, each with R$ 60 million. General Motors, third place among the bestseller brands in the country, used just R$ 30 million.

GM has the Chevrolet Onix among the country’s bestselling cars, costing less than R$ 120 thousand, and could receive discounts from R$ 2 thousand to R$ 8 thousand through the government package. GM’s position took to a share loss to Fiat and Volkswagen in July, when VW’s Polo took the lead.

Nissan has asked for close to R$ 20 million so far, while Honda and Toyota used each R$ 10 million. From R$ 700 million liberated for trucks, only R$ 100 million were required by manufacturers, and from R$ 300 million for buses and vans, just R$ 140 million.

 

Alzira Rodrigues
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