In March, an average decrease of 0,55% was observed in the values of brand new cars, which is explained by the IPI reduction
The values of 0 km cars have been reduced since March, thanks to the anticipation that there would be a drop in the tax on industrialized products (IPI) for vehicles in this month of May. KBB Brasil, a company specializing in prices for new and used vehicles, indicates that the average decrease in the value of brand new cars in March was 0%.
According to an article published by Exame magazine on 02/05, the tax on industrialized products (IPI) consists of a federal tax levied on domestic and imported products, always being applied when a product leaves the factory. The reduction announced by the government in the IPI on brand new cars corresponds to 0%.
Brand new 0 model cars suffered a 2023% drop in their prices in March, while 1,78 model cars saw a 2022% devaluation. This situation is quite different from that observed throughout 0,65, in which there was an average monthly increase of 2021% in the values of the 1,67 models and 2022% in the 1,09 models.
Used and semi-new vehicles continue to register an increase in their prices
On the other hand, if semi-new and used cars are taken into account, the survey carried out by KBB shows that, compared to February, there was a decrease in price inflation in these categories, although the upward trend was still maintained.
Used cars (four to ten years old) increased by an average of 1,93% in March, while semi-new vehicles, with up to three years of use, registered a variation of 1,11%.
Semi-new cars, with up to three years of use, model year 2022, were the ones that underwent the greatest change in March: 1,32%, on average. Despite this, the variation observed by these cars is still lower than that presented in 2021, the year in which the increase was 1,67% per month.
Used cars (between four and ten years of use), in turn, increased by 1,93% in March, while, in 2021, the average change presented was 2,04%. As for the vehicles in this category, the 2012 model cars, as well as in the months of January and February, were those that appreciated the most, with an observed change of 2,87%.
To carry out this survey, the KBB Brasil March indicator analyzed 26.376 versions available on the market. For more information regarding prices, the website kbb.com.br can be accessed for free.
In addition to the IPI on brand new cars, taxes on ethanol, food, capital goods and information technology have also recently been reduced
The Federal Government reduced to zero the import tax on six foods in the basic basket and ethanol, which promises to reduce the price of gasoline by up to R$ 0,20. The measure was approved at an extraordinary meeting of the Executive Management Committee (Gecex) of the Foreign Trade Chamber (Camex), a body linked to the Ministry of Economy, and seeks to reduce the impacts of inflation.
In the list of foods with zero import taxes by the Government, there are roasted coffee, margarine, cheese, macaroni, sugar and soybean oil. According to the Ministry of Economy, these products had high prices above the country's inflation average. Until then, the IPI was 28% for cheese, 14,4% for sugar, 14,4% for pasta, 10,8% for margarine, 9% for coffee, 9% for soybean oil and 18% for ethanol.
“We are also very concerned about the impact of inflation on the poorest population, on the general population. We know how much this can erode everyone's purchasing power", highlighted the executive secretary of the Ministry of Economy, Marcelo Guaranys.
At the same meeting, Camex approved a further 10% reduction in the Import Tax on capital goods, which are machines and equipment used in industry, and on IT and telecommunications goods, such as computers, tablets and cell phones.
This was the second cut in the import tariff for capital goods and telecommunications. In March of last year, the Federal government had also reduced that rate by 10%. With that, the tax cut reaches 20%.
This tax burden reduction, as well as others, is one of the structuring measures that have been adopted by the Ministry of Economy to increase the country's competitiveness, stimulating the generation of employment and income.
With the decision, a product that had an IPI rate of 14% before the reduction carried out in 2021, will now have, with the second reduction, a rate of 11,2%.
According to the Ministry of Economy, the measure seeks to increase the productivity and competitiveness of the Brazilian economy, by reducing the costs involved in importing strategic products. The Federal Government's estimate is that the reductions in the IPI will cause the Union to stop collecting R$ 1 billion this year. As this is an extrafiscal tax, of a regulatory nature, the presentation of compensation measures, as authorized by the Fiscal Responsibility Law, is waived.
