Inflation is an index present in different goods of Brazilians. With it, the prices of products and services increase considerably over the years, causing the purchasing power of the currency to decrease.
Thus, the money we received in past times no longer has the same value. To exemplify, we can analyze the relationship of purchasing power and the value of a car popular, like the 1994 Chevrolet Corsa.
see more
It comes and goes: Elon Musk asserts himself as the richest man in the world, from…
534-year-old ship is reassembled by archaeologists 20 years after…
The vehicle was sold for R$7,500 in its debut year, but its value is quite different when we convert it to current values, taking into account the inflation of 2023.
The “Corsinha”, as it is known by fans to this day, was a compact and economical model with innovative items. for popular 1994 vehicles, such as optional air conditioning, defogger and gradient windshield, for example.
As mentioned above, the 1994 Corsa arrived to revolutionize the market, with air conditioning, electronic injection and a unique finish when compared to other popular models of that decade.
In addition, the car had a 1.0 engine and was considered economical, making 14.9 km / l on the road. The sales figures for this model in 1994 were impressive and greatly impacted the production line.
Even the president of GM do Brasil/Chevrolet went public, in TV commercials, to ask buyers who were anxious for the new vehicle to calm down.
In the speech, he warned about the success of the Corsa and that the automaker was already increasing production to deliver more than 100,000 units of the same model by 1995.
To analyze the rate ofinflation at the time, it should be noted that the minimum wage was R$70 in September 1994. Another point of influence was the dollar, which was below the real. Therefore, a 1994 Chevrolet Corsa cost more than 100 minimum wages.
(Image: Digital Look/Chevrolet/Reproduction)
According to the Central Bank, inflation generates a “decrease in the purchasing power of the currency”. As we mentioned, it is an inevitable economic phenomenon that is reflected in all products and services, including automobiles.
Thus, with accumulated inflation, we can adjust the original price of the 1994 Corsa to updated values. At the time of its launch, the Corsa Wind cost just under R$8,000. With current inflation, it would cost around 70 thousand reais in 2023.
Of course, the 1994 Chevrolet Corsa 1.0 does not have the latest technologies found in many automobiles. However, for owners of this model, the 1990s vehicle is valued, as it can still be sold for more than R$7,000 in the used car market, which in a way means price maintenance original.