New Cars are now available to Cubans but they don’t come cheap. It will take the average Cuban more than 100 years to buy a car at those prices. To put it in perspective the average Cuban earns less than $50 per month. A Kia Rio which is considered a entry price car sells for a whopping $42,000 and Peugeot 508 goes for almost $262,000.
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Many Cubans have been eagerly waiting for the new law to kick in and many had began saving for several years. The US embargo and the changes in the Russian economy have taken a toll on the Cuban auto sector. The average age of a car in Cuba is well over 30 years old with many going back to the 1930’s. Today Cuba has the highest concentration of antique cars.