PREÇO DOS CARROS VAI DESPENCAR? | O QUE ESTÁ ACONTECENDO?

O Primo Rico

22 Feb 202408:58

Summary

TLDRThis video script discusses the potential for car prices to plummet in 2024, driven by increased competition, particularly from Chinese car manufacturers. The presenter highlights historical precedents, such as Brazil's halt of car imports in the '70s and the subsequent price drop post-1990s when imports resumed. Examples of recent price reductions by established brands in response to Chinese competition are cited, suggesting a similar trend may be on the horizon. The script also touches on the benefits of local production and government incentives, and concludes with a personal anecdote about financial growth, hinting at a related offer.

Takeaways

🚗 The current moment is a crucial turning point for car prices, with a high chance of prices plummeting due to certain factors.
📉 Car prices may start to fall, which is unusual after the pandemic when prices increased and never returned to normal levels.
📈 Four reasons for the previous price surge were the increased cost of car components, a crisis in the semiconductor market, a sharp rise in the dollar value, and high maritime freight costs.
🔄 The situation is changing now due to competition, which has the potential to drastically reduce car prices in the future.
🌐 The script references the 1976 Brazilian car import ban to strengthen the national vehicle market, which led to market stagnation and a lack of competitive incentives for car manufacturers.
🚘 The 1990s saw a resurgence in car imports to Brazil, which spurred national manufacturers to produce better and less basic cars, leading to a price drop.
🇨🇳 The entry of Chinese cars into the Brazilian market could replicate the effects of the 1990s, with increased competition potentially lowering car prices.
📊 Examples of price reductions are given, such as the BYD Dolphin's impact on competitors' prices, which resulted in significant price cuts.
💰 The script mentions Warren Buffett's investment in BYD, highlighting the potential of Chinese car manufacturers in the global market.
🏭 The script discusses the potential for national car brands to lower prices or lose market share due to competition from Chinese car manufacturers.
💼 The video concludes with a personal anecdote about financial independence through investment consulting, suggesting a career transition to the financial market as a way to increase income.

Q & A

What is the current situation discussed in the video script regarding car prices?
-The script discusses that we are at a crucial moment of change in car prices, with a high chance that they might start to plummet due to increased competition.
What factors contributed to the rise in car prices after the pandemic mentioned in the script?
-The factors included increased costs of car components such as steel, rubber, and oil, a crisis in the semiconductor market leading to a shortage, a surge in the value of the US dollar, and high maritime freight costs.
How did the Brazilian government's decision in 1976 to stop importing cars affect the automotive market?
-The decision led to a stagnation in the automotive sector for 15 years, with only Ford, Chevrolet, and Volkswagen allowed to produce cars in Brazil, which reduced the incentive for manufacturers to produce better and cheaper cars.
What happened when Brazil started importing cars again in the 1990s?
-After resuming car imports, national manufacturers realized that Brazilians were willing to pay for better and less basic cars, leading to the introduction of models like the Gol, Ford Fiesta, and Fiat Palio, and a subsequent drop in car prices.
What role do Chinese cars play in the current discussion about car prices in Brazil?
-Chinese cars are seen as a potential catalyst for降价 in car prices due to their competitive pricing, similar to the impact of new car imports in the 1990s.
What is the significance of BYD's entry into the Brazilian market with the BYD Dolphin?
-The BYD Dolphin's introduction led to price reductions among its competitors, such as Quid, Ka Cherry, and Jaque, indicating the impact of Chinese car competition on the market.
How does local production of cars in Brazil benefit manufacturers and potentially lead to lower car prices?
-Local production can reduce costs due to government incentives like reduced taxes and subsidies, as well as lower production and logistical costs because of reduced transportation distances.
What is the impact of reduced maritime freight costs on car prices?
-A 74% decrease in maritime freight costs has brought prices back to pre-pandemic levels, which is reflected in the reduced prices of cars.
How does the script compare car prices from 20 years ago to the present?
-While some may believe that cars were cheaper 20 years ago, the script argues that when adjusted for inflation and salary, cars today are not necessarily more expensive in relative terms.
What alternative career path is suggested in the script for those upset about car prices?
-The script suggests a career in the financial market, specifically becoming an investment consultant, as a way to potentially increase income.
What is the final message of the script regarding the expectation of car price changes in Brazil?
-The script expresses hope that car prices may decrease due to Chinese competition, but also acknowledges the historical pattern in Brazil where prices rarely decrease after an increase.

Outlines

00:00

🚗 Car Prices and Market Changes

The video script discusses the current critical moment in the car market where prices are expected to drop significantly due to increased competition. The speaker mentions that post-pandemic, car prices soared and never returned to normal levels, using the example of a Fiat Uno being sold for R$110,000 in May 2022. Factors contributing to the price increase were the rise in car component costs, a crisis in the semiconductor market, a shortage of production, a surge in the dollar value, and high maritime freight costs. However, these factors are now changing due to competition, which could lead to a price drop similar to the one experienced in the 1970s when Brazil stopped importing cars to strengthen its national vehicle production market. The script suggests that the entry of Chinese cars into the Brazilian market could be the catalyst for a similar price drop as seen in the 1990s when new car models entered Brazil, forcing domestic manufacturers to improve and lower their prices.

05:02

📉 Impact of Chinese Cars on Brazilian Market

The second paragraph delves into the potential impact of Chinese cars on the Brazilian automotive market, suggesting that they could cause a significant price reduction. The script mentions that Chinese car manufacturers are reducing prices by up to 33% to compete with domestic brands. It provides examples of price reductions in response to the entry of the BYD Dolphin, a Chinese model, into the Brazilian market in October 2023. The script also discusses the investment of 2.5 billion in a new factory by Stellantis, the group that makes Citroen, Fiat, and Jeep cars, highlighting the reasons behind such investments, including government incentives and reduced production costs. The paragraph concludes with a comparison of car prices in relation to the minimum wage over the past 20 years, noting that while cars are expensive today, they were not necessarily cheaper in the past when adjusted for inflation. The speaker also touches on the topic of financial freedom and offers a free course on investment consulting as a way to increase income.

Mindmap

Keywords

💡Car Prices

Car prices refer to the cost at which vehicles are sold to consumers. In the video's context, it discusses the potential for a significant drop in car prices due to market changes. The script mentions how prices have historically risen post-pandemic and never returned to normal levels, using the Fiat Uno as an example of price inflation.

💡Market Competition

Market competition is the rivalry among sellers trying to achieve a higher market share. The video suggests that increased competition, particularly from Chinese car manufacturers, could lead to a decrease in car prices. It draws a historical parallel to the 1990s when new car imports led to price reductions and the introduction of better models.

💡Semi-conductor Crisis

The semi-conductor crisis refers to a shortage of semiconductors, which are essential components in modern cars, particularly affecting their production and availability. The script cites this as one of the factors that previously increased car prices, along with other material costs.

💡Dollar Value

The dollar value in this context refers to the exchange rate of the US dollar to the local currency, which significantly impacts import costs. The video mentions how the Brazilian real's value against the dollar affected car prices, with the dollar peaking at nearly BRL 6.

💡Freight Costs

Freight costs are the expenses incurred in shipping goods from one place to another. The script notes that high maritime freight costs were a factor in the increased prices of cars, but these costs have since dropped, potentially affecting future car pricing.

💡Import Restrictions

Import restrictions are trade barriers imposed to limit the importation of goods into a country. The video discusses how Brazil stopped importing cars in 1976 to strengthen its national vehicle production market, leading to stagnation in the automotive sector due to limited competition.

💡Domestic Production

Domestic production refers to the manufacturing of goods within a country. The script contrasts the period of import restrictions with the current situation, where domestic production is again being emphasized, but this time with the potential for lower costs due to government incentives and logistics.

💡Government Incentives

Government incentives are measures taken by the state to encourage certain economic activities. The video mentions that the Brazilian government could reduce taxes like IPI and SMST to promote local car manufacturing, which could contribute to lowering car prices.

💡Chinese Cars

Chinese cars in the script represent new market entrants that could disrupt the status quo by offering competitively priced vehicles. The video suggests that the influx of Chinese cars might be the catalyst for a price drop similar to what happened in the 1990s with the introduction of new car models.

💡Price Reduction

Price reduction is the act of lowering the selling price of a product. The script provides examples of how existing car manufacturers have already started to reduce prices in response to the competitive threat posed by Chinese car manufacturers, such as BYD Dolphin's impact on the market.

💡Financial Market

The financial market in the video is presented as an alternative way to increase income, which can be relevant for consumers feeling the pinch of high car prices. The script suggests that becoming a financial investment consultant could be a lucrative career path, with income potential that can offset the high cost of cars.

Highlights

The current moment is a crucial point for a change in car prices.

There is a high chance that car prices will start to plummet.

Recent news suggests car prices are falling in 2024.

Post-pandemic car prices rose and never returned to normal.

The Fiat Uno was sold for R$110,000 in May 2022, highlighting the price surge.

Four reasons for the rise in car prices were identified: increased cost of car components, semiconductor shortage, the US dollar's surge, and high maritime freight.

Competition is a powerful force that can cause car prices to drop.

In the 1970s, Brazil stopped importing cars to strengthen the national vehicle production market.

The lack of imports led to a stagnation in the automotive sector for 15 years.

In the 1990s, Brazil resumed car imports, leading to better and less basic car models entering the market.

The entry of Chinese cars in the Brazilian market might cause the same effect as in the 1990s, driving prices down.

Manufacturers are reducing prices by up to 33% to compete with Chinese cars.

The BYD Dolphin, a Chinese car, entered the Brazilian market in October 2023, prompting price reductions among competitors.

Renault was forced to lower prices after the BYD Dolphin outsold its model by 25 times.

Warren Buffett's investment in BYD indicates confidence in the Chinese car market.

BYD's president, Tyler Lee, suggests that the price gap between Brazilians and electric cars may narrow in the coming year.

National brands may start losing market share or lower prices to compete with Chinese competition.

Stellantis, the group behind Citroen, Fiat, and Jeep, announced a 2.5 billion investment in a new factory in Rio to produce a new car model.

Government incentives and reduced production costs can make local car manufacturing more attractive.

The cost of logistics, especially freight, has significantly decreased, reflecting in car prices.

While car prices may fall, it's uncertain if they will return to pre-pandemic levels.

The impression that cars are very expensive today might be due to stagnant wages rather than actual price increases.

The speaker shares personal experience in the financial market to achieve financial freedom and suggests it as a way to increase income.

A free 'Magna' class is being offered to teach the same plan the speaker used to reach their first million in the financial market.