January 2, 2014 By Fausta

Cuba: The new car

For the first time since the 1959 revolution, Cubans will have the right to buy new and used vehicles from the state without government permission, at a price:

Anyone have a cool $200 thousand lying around? That's what you need if you want to buy a new Peugeot in Cuba pic.twitter.com/TXFuuhYalL

— Mary Murray (@MaryMurrayNBC) January 2, 2014

Which means Cubans Now Allowed to Buy $263,182 Peugeots.

UPDATE:
Linked to by Dustbury. Thank you!

Kermit says

January 2, 2014 at 4:02 pm

Closest English speaking country that I could find Peugeot in was the UK and the prices in Cuba are 10X that in the UK for the same vehicle.
Kermit says

January 2, 2014 at 4:04 pm

Oops, need to recalculate but the prices are still marked up quite a bit.
Not quite 10X markup but well over 5X markup.
jlh says

January 3, 2014 at 11:35 am

Well, now we know how to get the government loans back.

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