One could hardly blame Cuban consumers for suffering from a bout of 'sticker shock' when new car shopping this week – after all, they haven't had the opportunity since 1959. But it isn't just a half-century of inflation that buyers are having to wrap their heads around this week, it's massive markups.
Cars in Cuba
- Chris Paukert
- Jan 4, 2014
- Brandon Turkus
- Dec 20, 2013
Cuban citizens will be able to freely buy new and used cars for the very first time since the island country converted to communism in 1959. Previously, citizens were only able to buy and sell cars without government approval if they were built before the revolution, which accounts for the spectacular array of vintage American metal on the island, according to a report by Automotive News.
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