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Cubans have reacted with shock after foreign-made cars went on sale for the first time since the 1959 revolution at what some termed “crazy” prices.
The state has a monopoly on new car sales and has set massive mark-ups.
A Peugeot 508 is listed at $262,000. Peugeot’s UK website puts prices from $29,000. State salaries in Cuba average about $20 a month.
Freeing up car sales is the latest in a series of reforms. A permit to buy new vehicles is now no longer required.