In 1990, Collor’s government announced the first measure to make cars cheaper in the midst of the economic crisis. Remember | Economy

In 1990, even with declining car sales and the economic crisis, Fernando Collor’s government published a decree reducing Industrial Products Tax (IPI) And they announced, for the first time, a policy to encourage new popular cars.

It was then that the then Minister of Economy, Zélia Cardoso de Mello, met the first car sold with a tax deduction. Zelia tested the car, checked it out, and took it for a drive.

According to the National Association of Automobile Manufacturers (Anfavea), in the year, despite the crisis, 11 Complexes installed in the country use more than 117 thousand factor, and continues to provide more than 5 million indirect jobs.

It did not take long for the action to lose its effect and sales continued to decline. So far, measures to encourage the production and sale of popular cars have been taken on other occasions by various governments, But none of them succeeded in preventing the sector from contracting.

Over 33 yearsthe number of factories installed in Brazil almost doubled, but the number of jobs decreased (101,600) and the generation of indirect jobs decreased (1.2 million) – Reflection of assembly line automation.

The expectation is for the gauge to generate a decrease of 1.5% to 10.96% in the final price of the vehicle. The measures, according to the auto industry, could make popular new cars cost less than 60 thousand Brazilian reals.

Right now, the starting price for a new car is about R$68,000 – more than 50 minimum wages (today’s R$1,320). This value does not take into account the measures announced on Thursday.