Still without a financial report, Move Brasil will end on 25 May
According to the president of Anfavea, the programme was essential to curb the decline of the truck market, according to a report by AutoIndustria
Launched just a month ago, the Move Brasil programme, which offers R$ 10 billion in credit lines for the renewal of Brazil’s truck fleet, will end on 25 May without any assessment of its real effects on the market.
HEAVY TRUCKS
The president of Anfavea, Igor Calvet, believes that the most important aspect of the programme was to contain the slowdown in the truck market, which has primarily affected the heavy truck segment.
The government was right to approve Move Brasil; we participated in the programme’s launch last week, and it certainly comes at a good time. However, in practice, it has only been in effect for ten days, which hinders an effective evaluation of its returns.
In his opinion, heavy trucks will be the biggest beneficiaries of the programme, which offers loans with a maximum term of 5 years and a grace period of up to 6 months. The maximum annual interest rates, depending on the borrower’s risk classification, range from 13.32% to 14.89%, including financing costs and bank margins.
All operations can be covered by the Investment Guarantee Fund (IGF), with guarantees of up to 80% of the financed amount.
Below is a summary of the conditions established in Move Brasil.
NEW TRUCKS
Accreditation by CFI/BNDES (production criteria with national content).
Compliance with the P8 emissions phase of Proconve (sustainability criterion).
USED TRUCKS
Minimum compliance with the P7 emissions phase of Proconve.
Manufactured from 2012 onwards.
Fiscal traceability and verification of national content.
DECOMMISSIONING PROCEDURE (COUNTERPART):
Eligibility criteria for the delivery of the old vehicle: must be roadworthy, have a valid registration for the year 2024 or one year later.
Must have an original registration date of over twenty years.
Establishes procedures for the definitive deregistration with the traffic authority and submission to the dismantling company.
The financing beneficiary must commit to providing the financial institution, within 180 days, with the vehicle’s deregistration certificate and the invoice for entry into the scrap yard.
Fonte: Motorpy