Cuba : What happens when you pretend to open an economy:

[El Presidente]

Cuba: Just 50 cars sold in 6 months under new law

http://news.yahoo.com/cuba-just-50-cars-sold-6-months-under-220353675.html

[Rye]

And you guys in Oz thought you had high car prices..

[oliverdst]

Come to Brazil and you will see what high prices can be.

[Habana Mike]

Come to Brazil and you will see what high prices can be.

And they don't even let you drive yours all the time!

[Maplepie]

Mainland China is like this, too. Well, the imports are.

Porsche Cayennes would be 150 000 CAD. Up from the 75 000 they command here.

Plus, there's a non-optional license plate fee of 5-20 000 dollar per car.

We joke that it's basically buy 2 for the price of 1.

Sent from my Q10 using Tapatalk

[El Presidente]

I know cars are expensive in plenty of places in the world .....Singapore comes to mind.

Yet I know Sing dealers that would do 40 cars a month....let alone 60 cars in 6 months for a Country albeit a poor one at that.

[Puros Y Vino]

Even if some Cubans had the money, I doubt they'd be running to the state run car dealership. That's just inviting trouble. "A fine choice Mr Gonzalez. Now. Where did you come up with such a handsome sum?"

[El Presidente]

Even if some Cubans had the money, I doubt they'd be running to the state run car dealership. That's just inviting trouble. "A fine choice Mr Gonzalez. Now. Where did you come up with such a handsome sum?"

Agreed Frank.

The ridiculous thing is that you could hire a driver with a decent car for 3 years, 365 days a year for the price of a second hand Lada.

[sunsource]

Agreed Frank.

The ridiculous thing is that you could hire a driver with a decent car for 3 years, 365 days a year for the price of a second hand Lada.

Come on Lada is a great choice of vehicle. Back in the socialist days in Hungary you had to wait 3-5 years to get a Lada, unless you were a bureaucrat in the party.

Those car prices are insane! 262k for a Peugeot! What's the approx. price for gas in Cuba?

[zathan]

Approx $1.25/liter for gasolina and I am not sure but I think diesel is something like $0.45/liter. Which is why all cars are converted to mostly Hyundai diesel motors, even in the old yankee mobiles.

[cigcars]

Even if some Cubans had the money, I doubt they'd be running to the state run car dealership. That's just inviting trouble. "A fine choice Mr Gonzalez. Now. Where did you come up with such a handsome sum?"

I think unfortunately true

[nem]

Sounds like the state sanctioned monopoly can't compete with the black market. What a surprise!

[Ryan]

It says something maybe that I'm surprised that it's as high as 50.