As part of the new policy for the marketing of motor vehicles, their importation, and the transfer of ownership, the Cuban government announced that it will sell the cars that are no longer used for tourism rental in national currency.
In a report aired on the state-run program Mesa Redonda, the regime announced that the company SASA will be able to sell cars from tourism or other authorized entities for Cuban pesos.
These vehicles must be declared non-marketable by CIMEX, either declared as technically obsolete due to years of use or for other reasons, as explained in the television broadcast.
It was also stated that, in the case of marked deterioration, the customer must be able to recover the car.
In this regard, it was stated that this demand exceeds the supply, so there will be a waiting list, and everything will depend on availability. The information on this matter will be available on a website, where customers can check their status and track their request.
The sale in national currency includes only this type of vehicles used for rental, with thousands of kilometers and extremely high prices, since with the new decisions, all cars that will be sold in convertible currency will basically be imported.
Eduardo Rodríguez Dávila, Minister of Transport, announced other details of the update, which brought a significant reduction in the prices of imported vehicles.
Rodríguez Dávila recognized that cars are currently being sold for over 500 percent of their value, although this will change after mentioning that a car that currently costs between 55,000 and 60,000 will cost around 15,900 with the new measures.
Regarding the new pricing formation for the sale of a specific vehicle, the price will be the same for individuals and legal entities, which brings another change: the prices of cars sold to Mipymes and to individuals are equalized, as individuals had to pay higher prices.
"It is formed from the import cost including tariffs, plus the trading margin of the marketer, which is reduced from 30% to 20%, plus a differentiated special tax that ranges from 0% in the case of an electric vehicle assembled in Cuba, to 35% in the case of a high-end vehicle," the minister stated.
“If we take an example for everyone who wants to understand well how much a vehicle will cost in foreign currency in the future in Cuba, we see that if we take one with a supplier value of 10,000 USD, the sale price to the buyer will be about 15,900 USD. However, that same vehicle under the current pricing rules would cost more than 50,000 USD.”
Natural persons will be able to acquire motor vehicles at authorized dealerships in convertible currencies: IMPEXPORT and CIMEX S.A., to which the mixed company MCV Comercial S.A. is added.
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