After two days of analysis in the automotivebehind the devaluation announced on Monday, the first price lists began to arrive at the dealerships with the impact of the rise in the dollar.
The first one that is known is that of the brand Fiat of the Stellantis group that has increases in up to 20%. This is the case of the Like version of the model Chronos which went from $6,917,900 at the end of early August to $8,291,500. It is the best-selling model on the market for more than two years.
Other versions had a smaller increase, of around 13%, although they all remained under the same official price of $8,291,500 to avoid paying the “luxury” tax that amounts to approximately more than $8,400,000 at 0km.
The most accessible model of the Italian brand is the Fiat Mobi what does it cost now $7,083,400, 13% more than at the end of July. In any case, this vehicle has not been in stock for months, but its value is the reference for savings plans.
The other brands will spread their increases in the next few hours, although some could delay it until September.
Cars: how the devaluation will impact prices
With the news of the devaluation on Monday, from several terminals they communicated to their network of concessionaires that billing was suspended until the commercial policy to be followed was decided.
He price increase that is beginning to be known from today adds to the adjustment that the cars already had, towards the end of July and the beginning of the month, as a consequence of the 7.5% tax surcharge that is applied on the import of 0 km and parts.
He 40% The market is supplied with models that come from abroad, while the nationals feel the impact of an increase in the cost of imported inputs, which represent around 60% of the parts used for manufacturing. Between the two price updates, the 0km will accumulate a rise of more than 30% compared to the values of July.
In the case of vehicles sold in dollar bills, it continues to operate although not too many sales were made due to economic uncertainty and lack of stock.
With this panorama, from the concessionaires and the factories they estimate that the month will have a lower volume of operations than estimated.
In July, about 44,000 units. For August, a market of 36,000 due to tax surcharge. Now, the projections are less optimistic and it is indicated that it will be below 35,000.
The price rise it will slow down demand, but sellers will also take care of their stocks given the uncertainty of replacement prices.
The issue of price increases is complicated as there are many models that are “capped” awaiting the adjustment of the tax base of the “luxury” tax that rises at the beginning of September.
That is why only models that are not within that limit or those that have already passed it can raise the list prices. Also the pickups that are not covered by this tribute.
In any case, the list prices are a reference since, due to the scarcity of vehicles due to the obstacles to import, the market is managed with overprices.
Source: Ambito
