After the announcement of the Government to eliminate the Internal tax on cars of more than $ 40 millionautomakers adjust their prices. Ford already applied the reduction, with a decrease in 15.5% in models such as Bronco Sport and Kuga.
On the other hand, it is expected that the “stopped” models, those whose price was limited to avoid the tax, increase their value. He Mustang V8, for example, will fall from US $ 100,000 au $ S82. 000
The Minister of Economy Luis Caputo He explained that cars with prices between $ 41 and $ 75 million will see a decrease of 20%, while those of more than $ 75 million will have a reduction from 35%to 18%. This measure was well received by the automakers, who expect an increase in demand.
This was stated Martín Zuppi, CEO of Stellantis Argentinawho indicated: “We deeply value decisions like these, which boost economic growth and, in particular, the development of the automotive sector. Currently, we are working on a new price strategy aimed at accompanying this initiative and maximizing its positive impact. ”
Automotive adjust prices after tax elimination and expect final details of the measure
For their part, other terminals left in the hands of ADEFAthe entity that brings them together, the analysis of the situation. The entity said Tuesday: “The government’s decision to eliminate taxes and lower tax burden is very positive: way to boost economic development. We appreciate the work and commitment of the Minister Caputo’s team. We hope that provinces and municipalities join in this direction. ”
Ernesto Cavicchioli, CEO of Hyundai Motor Argentinahe added: “We expect the final text but by what is understood of Minister Caputo’s tweet, it is an excellent measure of the administration Milei since it eliminates large distortions in the price lists generated by this tax ”. Likewise, the manager clarified that this distortion crawls since 2008 “And he 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.”
“He was poorly communicated to society with an ideological bias and caused more distortion than real collection. The elimination of the first scale will have competition again in front of these cars that were artificially ‘stopped’ by the terminals, ”he completed Cavicchioliwho foresees a greater offer of vehicleswith growth of the SUV B, C and D segments and the arrival of more extra Mercosur global vehicles that are marketed in neighboring countries. It also expects more sedanes, hatch and sports versions of current models.
“From now on the suggested price lists will be more transparent and there will be only one 20% jump on the second scale that at public price would be located today in 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, ”he said.
Kavak, The company dedicated to the purchase and sale of used cars, understood for its part that “less taxes in a segment will allow greater offer and lower prices throughout the industry. More cars and cheaper. ”
And he stressed: “These reforms simplify and reduce the purchase and sale of vehicles, in addition to increasing efficiency and transparency in procedures, eliminating privileges, formalizing the market and providing more legal certainty. Transfer a faster and cheaper car simplifies the life of at least 4 million people a year directly, ”they said.
Despite the reduction in certain models, pick-ups and other utility vehicles will see a 2%increase.
Source: Ambito
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