Cars: Strong support from manufacturers and imports downward

Cars: Strong support from manufacturers and imports downward

The automotive sector enthusiastically received the government’s decision to eliminate taxes for cars, the minister announced Luis Caputo In your X account.

There are two measures: on the one hand, the elimination of the first tax scale of the internal tax and the reduction of the second, as well as the import of the import tariff for hybrid and electric vehicles.

Once the official decision was known, manufacturers and importers went out to support the measure.

In the case of terminals grouped in ADEFAin addition to supporting the measure implemented by the national authorities, they asked governors and municipalities that also advance in a tax relief.

“The government’s decision is very positive to eliminate taxes and lower tax burden: way to boost economic development. We appreciate the work and commitment of the minister’s team @ -LuisCaputoar We hope that provinces and municipalities join in this direction “Said Adefa.

On the side of the camera that groups the importers (acidaa), Hugo Belcastrohead of the entity was very optimistic about the government’s decision: “There are two very good measures that will finally allow the automotive park to be modernized. It is very good for the consumer since it will be able to compare, He will be able to choose and will have more modern cars. It would be good if it had a slightly higher FOB value.

To this position of the camera that brings together importers, independent opinions are also added to representatives of imported brands.

Ernesto Cavicchioli, representative in the Hyundai brand, gave his opinion about the measure and analyzed what can happen to the prices of the cars.

“We expect the final text but by what is understood as the tweet of Minister Caputo, it is an excellent measure of the Milei Administration since it eliminates large distortions in the price lists generated by this tax. The internal tax that we drag since 2008 was coined As ‘Luxury Tax’ by the administration of Cristina Fernández and ended up affecting, for example, the Toyota Corolla who is a typical middle class car.

The elimination of the first scale will have competition again in front of these cars that were artificially ‘stopped’ by the terminals. The market will react positively with a greater offer of vehicles in quantity, quality and with more competitive prices. Growth of the SUV B, C and D segments and the arrival of more extra Mercosur global vehicles are expected. That is, the entire SUVS range that is sold in neighboring countries. More sedanes and hatchs of the medium and large segments that were not brought by the distortion generated by this tax could also arrive. Even sports versions of segments B, C and D.

The great beneficiary will be the consumer, but I understand that it is also positive for collection since the tariff paid these cars that were not sold before is 35% plus 3% of the statistics rate. From now on, the suggested price lists will be more transparent and there will be only one 20% jump on the second scale that would be located today at about 90 million pesos if the amounts of the taxable bases are maintained. From zero to 90 million pesos the lists will not have jumps, “said the businessman.

Source: Ambito

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