Clipping of news on Brazilian Culture, Law and Citizenship
06/11/2012
This article was translated by an automatic translation system, and was therefore not reviewed by people.
Economist believes that companies will sell cheap to clear inventory
The cut of the IPI (Excise Tax), in force since the end of May and that was reflected in average drop of 5% to 10% in the prices of cars with engines up to 2.0, has an important role in reducing the values suggested by the tables automakers and those actually charged to consumers at dealerships.
The end of the benefit was extended to December 31, will lead to higher prices, but it will not be full immediately, believes Fabio Romao, an economist with LCA Consultores.
Since the beginning of the year is usually weak in sales, he bet that many companies will adopt as the motto strategy "here reduced the IPI continues" to try to spawn leftovers year end.
Romao recalls that in April 2010, when the IPI was again fully charged after more than a year of reduction, the transfer occurred gradually and was not full.
That year, the IPCA (Consumer Price Index Broad) was 5.9% and the prices of new cars fell by 1%. In 2011, cars had deflation of 2.9%, while the IPCA closed at 6.5%.
In January this year until mid-October, the IPCA-15, which is prior to the IPCA (which will be released this week), shows that prices of new cars are down 6.11%, compared to an inflation of 4.49 %.
The new car has a weight of 3.25% in price collection for this indicator.
Source: Agency Brazil
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This article was translated by an automatic translation system, and was therefore not reviewed by people.