DR-CAFTA & car prices in the DR

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gringosabroso

New member
Oct 16, 2004
494
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DR-CAFTA went into effect, or should have gone into effect, on Jan. 1,2006, almost 18 months ago.
* Yet, . . . I have noticed no changes whatsoever in the prices of new automobiles in the DR.
* What am I missing?
* Should not cars manufactured in the USA at least be allowed to enter the DR duty free? Japan? Korea?
* Can someone MORE knowlegable come to my assistance? Thank you.
 
S

Skippy1

New member
Feb 21, 2008
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dont be silly they would still sell for 20% over the RRP even if they were given away free to all dealers as a gift.
No such thing as market forces in the DR unless is an excuse for raising prices.

Skippy1
 
P

planner

.............. ?
Sep 23, 2002
4,409
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If I remember correctly there is a period of 10 years where the prices are "supposed" to adjust......
 
S

suarezn

Gold
Feb 3, 2002
5,823
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Prices are "adjusting" per the schedule, which is 20% per year. The kicker is that the government has raised the registration fees so the 20% you're saving on duties is being collected elsewhere. As a matter of fact the registration fee was raised more than the 20% you'll be saving, thus is actually more expensive to import a car. Yep...E' pa' lante que vamos...
 
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