Government extends car discounts for individuals for another 15 days

Geraldo Alckmin, Vice President of the Republic and Minister of Development, signed the ordinance that extends the granting of discount on cars to individuals. The measure was published in an extraordinary edition of the Official Gazette (DOU) in the late afternoon of last Tuesday, 20.

The car sales program with tax credits for individuals was extended for another 15 days by the Ministry of Development, Industry, Commerce and Services (MDIC). With this extension, consumers will have two more weeks to enjoy the benefit.

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Through MDIC's discount program, consumers can count on subsidies in the purchase of up to 266 versions of 32 car models, from nine different automakers: Renault, Volkswagen, Hyundai, Honda, GM, Peugeot, Fiat and Toyota.

Despite the extension in the discount program for passenger vehicles, the federal government stated that there were no changes for trucks, buses and vans. As of Wednesday, the 21st, companies will be able to purchase these vehicles at a discount.

So far, the MDIC has already authorized the use of R$320 million in tax credits, which represents 64% of the total amount of R$500 million available for this modality.

The measure aims to encourage the purchase of vehicles, providing financial benefits to automakers and stimulating the automotive sector.

Buses, trucks and vans

For vans, trucks and buses, ten automakers made themselves available for fleet renewal.

Until now, the discountsgranted in these categories total BRL 100 million, representing 14% of the maximum limit of BRL 700 million available for this modality.

Volkswagen Truck, Iveco, Mercedes-Benz Cars & Vans, Daf Caminhões, Ford, Fiat Chrysler, Mercedes-Benz, Scania, Peugeot, Citröen and Volvo were the truck makers that showed interest in being part of the discount.

In the case of buses, the automakers that joined the program were Fiat Chrysler, Mercedes-Benz, Mercedes-Benz Cars & Vans, Marcopolo, Iveco, Volare, Scania, Comil and Ciferal.

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