how much cars will go down after the government’s announcement

The Minister of Economy, Luis Caputo, announced today via the social network X that the records that had been paying the “luxury tax” They will stop doing it in their entirety or will see their aliquot reduced From next week.

“We keep going down taxes.” The minister announced with the promise that “from next week” internal taxes are eliminated that will reduce the prices of cars and motorcycles.

“Internal taxes will be eliminated for Cars between $ 41 and 75 millionuntil now they paid an aliquot of 20% and the aliquot for cars of more than 75 million, from 35% to 18%, “said the official.

In this way, they seek that the drop impacts a reduction in the sale price of these vehicles of between 15% and 20%, “which will surely produce an increase in market demand,” he said.

Besides, Tariffs for the importation of electric and hybrid cars will go down to zero of low price FOB (US $ 16,000) with the intention that there are more economical vehicles options.

The first thing to clarify is that these modifications will not affect the most economical models in the market, since those do not pay the internal tax known as “luxury tax.”

However, the modifications of the sales values ​​of mid -range vehicles can exert down pressure and generate a general reduction. Even with the pickups, which are not taxed by that tribute but have a part of competition with several SUV models that will see their reduced prices.

It is precisely these types of models that should show a marked price drop, both for national production and import versions.

As an example, already waiting for the final details of the measure, we take the most wanted models on the market that will be reached by this tax and we calculate how much could reduce its sales value According to the announced measure.

The SUV manufactured in the country has an entrance version that does not pay the “luxury tax” ($ 42,380,800) but its other two range options shoot up to $ 50,000,000. Those alternatives should go down to $ 44.000.000.

In Jeep something similar happens with the compass, which has 4 versions between the $ 39,000,000 and the 42,000,000, but that its Trailhawk version shoots up to $ 60,000,000. With new measures should be around $ 48.000.000.

This national production model was one of the first that was affected by the internal tax. Today the two versions offered in the market tax and their prices go to $ 76,000,000 and $ 77,000,000. With the changes they should go to $ 60,000,000 and $ 61,500,000.

The two versions of this 4×4 SUV offered in the local market and that arrives imported from Mexico are impacted by the internal tax, which configures sales values ​​to the public of $ 54,000,000 and $ 61,600,000. The announcement should take them to $ 43,000,000 and $ 49,000,000. Changes in the tax will also generate changes in the Everest model, which starts selling in March.

The Japanese brand SUV, a historical reference in its category, returned last year with a renewed range, but with a range that was fully impacted by the tax, which left its prices at $ 59,720,000, $ 69,159,000 and $ 76,600,000. These values ​​should go down to $ 48,000,000, $ 55,000,000 and $ 61,000,000 respectively.

The sports version of the German brand sedan has just submitted its renewed version imported from Mexico, with a sale price of $ 59,500,000. The elimination of internal tax should leave it in $ 47.500.000.

The Japanese company has the Naftero version of its SUV reached by the internal tax. Its list price is $ 75,000,000, which should go down to $ 60.000.000 With the announcement

It is a lien that had emerged 11 years ago, when Axel Kicillof was Minister of Economy of the then President Cristina Fernández de Kirchner, as a measure “to protect the national industry.”

The result of the tax application was always a Price distortion in different market segments and drop in offer Of many models, especially those that arrived imported, since they ended with non -competitive sales values.

The rest of the distortion finished making inflation and a constant delay of the update of the taxable minimums for each category of the tax. As the rise of the 0 km accelerated, there were more models of medium and low ranges that began to pay the luxury tax.

This also created unusual situations, such as that the entire range of a model, with different engines and equipment levels, had the same list price not to pay the tax. At least in the official one, because later in the concessionaire an overpricing was applied that often matched what would have cost with the applied tax.