Volkswagen backtracked on the increases and will not adjust its prices.

The automotive industry cautiously received the news of the lifting of the currency restrictions by the Government of Javier Milei. In the first days after the measure was announced, the manufacturers chose to wait and analyze their next steps in pricing matters.

However, one of the most criticized moves was by Volkswagen, which decided to apply a nearly 3% increase in its list prices shortly after the end of the currency restrictions.

Nonetheless, a week later, the company decided to reverse that adjustment. The news was confirmed by the Minister of Economy, Luis "Toto" Caputo, through his account on X.

"Volkswagen rolled back the 3% increase it had implemented post lifting of the restrictions. This way, no automaker raised prices. As always, competition benefits consumers," the official stated. For now, the new official price list has not yet been published.

"It was possible to negotiate with the headquarters to reverse the measure," sources close to the automaker indicated. This way, as Minister Caputo pointed out, currently no manufacturer implemented price increases after the elimination of the currency restrictions.

Meanwhile, during the last hours of last Friday, the Chamber of Importers and Official Distributors of Automobiles (Cidoa) assured that none of the brands grouped in the entity had adjusted their prices.

Among the companies represented by Cidoa are Baic, BMW, BYD, Chery, DFSK, Foton, Great Wall, Haval, Hyundai, Isuzu, JAC, Jaguar, JMC, Kia, Land Rover, Mack, Mini, Porsche, Shineray, Subaru, Suzuki, Volvo, and Mitsubishi.

Last Thursday, the Minister of Economy had taken a similar stance regarding the prices of Molinos on supermarket shelves. "Molinos rolled back all the price increases. Good reaction. And above all, great management by the supermarkets, taking care of their customers," the official stated on his account on X.