Saturday, December 17, 2011

Car news, Cuba loosens up on car ownership laws, lets Cubans buy and sell cars now

For the full story:

Liberalizing car sales is one of more than 300 economic reforms the government of President Raul Castro is undertaking as part of an "updating" of its socialist system.
Since it entered into effect at the start of October, around 300 people are lining up daily to register vehicles, or buy and sell others, and the vehicle registration office has processed around 3,300 buy-sell certificates, state media reported.
In the small country of 11 million people, news of sales or potential buyers spread through word of mouth, a few informal car brokers who hang around in parks or a few websites - though occasional "For Sale" signs dot cars lining the boulevards.
"It made the buying and selling between people flexible. It recognizes vehicles as property which wasn't recognized before," said a Cuban lawyer waiting in a park outside the vehicle registration office

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