Anfavea: tax cuts could increase sales by up to 300,000 cars

The president of the National Association of Automotive Vehicle Manufacturers (Anfavea), Márcio Lima Leite, said, this Thursday (25th), in São Paulo, that the reduction of taxes in the sector, announced by the federal government, is producing immediate effects in the automotive production chain. He said that automakers are already changing plans to be able to produce more. “We heard from three factories that lifted lockdowns [paralisação dos trabalhos por falta de demanda] that were foreseen. The effect [da redução dos impostos] it’s immediate [e isso explica] the urgency of these measures”, he said, in an interview, at the headquarters of the Federation of Industries of the State of São Paulo (Fiesp). , however, that the measures have not yet been announced in their entirety. “These measures could impact the market between 200 or 300 thousand units, but it depends, because we still don’t know all the rules. But it wouldn’t be too much to imagine something around 200,000 to 300,000 units depending on how the composition that will be announced will be”, he stressed. Leite guaranteed that the tax cut will not cause a decrease in the technology used in cars, just as there will be no reduction in vehicle safety and environmental care. “Mandatory safety items, which were a great achievement for consumers and society, are maintained. There is no flexibility with regard to vehicle security. Likewise, there is no flexibility regarding the environmental issue and there is a social stimulus based on the price of the vehicle”, he concluded. End of lockdowns Leite said he was not authorized to name the companies that suspended the scheduled lockdowns, but said that the national automobile industry has already registered 14 plant shutdowns in 2023. “We have 50% idle capacity. It’s really a moment of recovery for the industry. This phenomenon did not only happen in Brazil, it is a global phenomenon, but mainly in Brazil, interest rates ended up contributing a lot to the reduction of the market, “he explained.

Agência Brasil