Why Americans Will Overpay for Cuba's Vintage Cars
Many vintage American cars survived, as if in a time warp, in Cuba. Barred from importing newer models, Cubans have repaired the vehicles, which are now considered a national treasure.
Photographer: Jim Graham/ReduxWhen Fidel Castro came to power in 1959, he made it illegal for anyone to import cars without government permission. The mandate arrested automotive history on the island, and curvaceous mid-century Chevys, Studebakers, and Buicks still rumble down Havana's Malecón, much as they did half a century ago. Now, with the easing of relations between the U.S. and Cuba, some of the nearly 60,000 vintage cars in Cuba could eventually make their way into collectors’ hands stateside.
Cuba loosened some trade restrictions on automobiles earlier this year, allowing new cars to be bought and sold on the island. Lifting the U.S. trade embargo on the island—a decision that must be made by Congress, not President Barack Obama—would let Cuba's classic automobiles return to the U.S. after so long. If that does happen, the buyers won’t be traditional car collectors, who prize low mileage and automobiles in pristine condition. For one thing, Castro’s restriction on auto imports stopped the flow of replacement parts, so while a Cadillac convertible in Cuba may look authentic at first blush, a closer look reveals both hundreds of thousands of miles on the odometer and a bevy of makeshift fixes, perhaps even (gasp!) a Peugeot diesel engine under the hood. That said, experts anticipate a niche market of buyers willing to pay a premium to own a piece of Cuban history.