Cubans Gain Right to Freely Buy Cars…But a Peugeot 508 Costs $229,000 or €169,000!

As part of a more widespread reform of the Cuban communist system, the automotive market that includes both new and used vehicles has been liberalized (kind of). The state still controls all sales of vehicles, though, regardless of age, and even second hand ones end up costing as much as ten times more than what they are actually worth. Read more »