By Artur Piva
The entry version of the Renault Kwid, the cheapest zero-kilometer car in Brazil, has increased in value and now costs almost R$69,000 (US$13,902).
With the increase, its price is now tied with the competitor Fiat Mob.
According to CNN, Renault attributes the increase in prices of its vehicle to the global economic scenario.
"In recent years, the automotive sector has been impacted by several factors such as the global logistics crisis, lack of electronic components, and increase in raw materials," the automaker said in a statement to the press.
"This entire scenario . . .
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