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Discover Everything About the FIPE Table, Reference Since 1973 for the Average Price of Cars, Motorcycles, and Trucks in Brazil!
Created in 1973, the Fundação Instituto de Pesquisas Econômicas (FIPE), linked to the University of São Paulo (USP), is responsible for its publication and periodic updates. This table is used to calculate the average price of vehicles from different categories, such as cars, motorcycles, trucks, and minibuses, considering new models, used (up to three years old), and second-hand vehicles.
The FIPE Table is one of the main references for vehicle pricing in Brazil, widely used by buyers, sellers, insurers, and even government agencies.
FIPE collects and analyzes thousands of prices practiced in the Brazilian market, eliminating values that are far above or below the average to ensure a more reliable parameter.
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Thus, the table has become a reference in buying and selling negotiations, insurance calculations, and taxes, such as the IPVA (Vehicle Property Tax).
How Does It Work?
The FIPE Table is updated monthly, ensuring that the values are always aligned with the fluctuations in the automotive market.
To calculate the average price of a vehicle, researchers analyze the prices practiced in the main regions of Brazil and discard prices that deviate from the statistical average.
This process ensures a reliable average value, which serves as a reference for various purposes, such as dealer evaluations, dealerships, insurers, and financial institutions.
How to Consult the Average Price of a Vehicle in the FIPE Table?
Consultation in the FIPE Table can be done for free and online, making it a quick and accessible process for anyone interested in knowing a vehicle’s value. Here’s how to proceed:
1-Access the FIPE website and click on the Indicators option;
2-Select Average Vehicle Prices;
3-Choose from the available options:
Car and Small Utility Vehicle Consultation;
Truck and Minibus Consultation;
Motorcycle Consultation.
4-In the search field, enter the following information:
Vehicle Manufacturer (Example: Chevrolet, Ford, Volkswagen);
Vehicle Model (Example: Onix, Fiesta, Gol);
Year of Manufacture (Example: 2019, 2020, 2021).
5-Click on search and wait for the result. The screen will display all relevant information, including the average vehicle price in the FIPE Table.
Is the Value Listed in the Table Definitive?
Although it is a widely used reference, the value of the FIPE Table is not definitive for commercial transactions.
This is because the automotive market undergoes constant variations influenced by factors such as supply and demand, vehicle condition, mileage, options, and usage history.
Furthermore, with the increasing appreciation of used and nearly new vehicles, especially due to the rising prices of brand new cars in recent years, it is common for market prices to be above the average values of the FIPE Table.
This means that, in practice, a car can be sold for a higher price than what is stipulated by FIPE, especially if it is well maintained and has low mileage.
What Is the FIPE Table Used For?
It is used in various situations, such as:
Buying and Selling Vehicles: it serves as a basis for negotiations between buyers and sellers;
Calculating IPVA: the annual tax is charged based on the vehicle’s average value, according to FIPE;
Insurance Evaluations: insurers use FIPE to determine compensation values in case of claims;
Financing and Loans: banks and financial institutions consult the table to calculate the guarantee value of vehicles;
Calculating Judicial Indemnities: it can be used in legal proceedings involving vehicles.
The Importance of Monitoring the FIPE Table
Monitoring the FIPE Table is essential for anyone looking to buy, sell, or evaluate vehicles, ensuring greater transparency and safety in automotive market transactions.
As prices are updated monthly, it is crucial to check the latest quotes before closing any deal.
If you wish to make a secure purchase, calculate the IPVA amount, or check values for automotive insurance, consulting the FIPE Table is an essential step to make well-informed decisions and avoid losses in the vehicle market.
With information from: https://canaltech.com.br/carros/como-utilizar-a-tabela-fipe-para-avaliar-precos-de-veiculos/
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