The so-called Pro.cre.auto is a line of personal loans funded by the National Bank, 60 month term and up to 90% of the value of the vehicle or 120 thousand dollars, at an annual rate of 17-19%. It will be for the purchase of 26 models of cars whose manufacturers agreed with the government rebates from 3 to 13% compared to the increases that were implemented after the devaluation of summer. The plan will take effect today and will run until September 24, the government reported.
The staging of yesterday was unique in that the President, in an unprecedented move in a long time, cede his lectern Industry Minister Débora Giorgi, to give the details of the plan and for the invective of cristinista style he dedicated to automotive business, exposing the official version of the sharp decline in the sector. "Shot in the foot is stuck, were against the logic of any entrepreneur," criticized Giorgi for having raised prices "without any pattern of reasonableness" and also accused of "demonizing internal taxes (luxury cars ) with different attitudes. "
He added: "The shot in the foot started to hurt and began to appear promotions and price declines -siguió the ministration And then, the Government took the field, to order, with a pattern of a State submits" he said. The audience listened to representatives of auto parts factories; of automotive Fiat, Ford, General Motors and Toyota; the head of the CGT Balcarce, metallurgical Antonio Caló, and the SMATA, Ricardo Pignanelli, the guild has suffered suspensions and dismissals in recent months by the layoff activity.
Giorgi said that the National Bank customers will have a rate of 17% and non-customers, 19%. He estimated the value of the fee which may not exceed 30% of income will be familiar 3500-3000 pesos. It will also include trucks, which "are not the double cab pickups are laburo!" Gestured.
In turn the President, and exempted from giving details, supported explanations of its minister. "A shot in the foot, in my neighborhood I tell you otherwise," he said.
In that vein noted that while in the world and to crises "appear deals, low price, here did everything backwards". He added that "wanted to charge the tax on imported cars the sanbenito". He argued that automakers had "ten years of sustained profitability and product performance public policy" and questioned the government "can not be the first cimbronazo leave everything in band".
With the announcement the government sought to regain the initiative in economic and refocus on domestic problems having spent the worst days following the adverse ruling in the dispute with vulture funds amid a dramatic climate that included threats of a new default. This act had to be postponed last week because of the emergency in which the Government entered. The President did not mention the issue explicitly, but on a day with news from the court found Thomas Griesa aludirlo when he said that "we are on the court and we will keep coming, but we want an arbitrator pump".
Automakers and dealers are low for months. In May the fall was 40.9% in domestic sales and 36% in production. This month, Argentina and Brazil signed the extension of the automotive agreement, but an immediate recovery is expected. The government downplayed the existence of a "crisis".
Giorgi said that the measures taken are expected to be recovered falling production of 100 thousand cars but said that in the first five months of the year the production is similar to 2012, and patentamientos, the figures for the same period in 2011.
Amount and financing
He reduced from 3 to 13 percent, prices of 26 models of all cars rooted terminal manufacturers in the country.
-The Funding will come from the National Bank, the credit will be a single firm, and reach up to 90 percent of the value of the intended vehicle, with a ceiling of 120,000 pesos.
-The Financing period will be 60 months with rates between 17 percent and 19 percent customers for non-customers.
-The Initiative covers 28 percent of the market for domestic cars and affects smaller vehicles (100,000 to 135,000 pesos), medium (150,000 to $ 190,000) and work and high range (between 220,000 and $ 290,000).
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