[Elder of Ziyon] Will the suffering never end? Now Gaza has a car glut!

Palestine Today reports that car dealers in Gaza are suffering - because they have too many cars available.

Between the dozens of cars that enter via Kerem Shalom each week and the cars that arrive through the smuggling tunnels, the profit margins are plummeting. In some cases they have had to reduce car prices by as much as $8000.

Car dealers are also complaining that the PA imposes a 50% tax on all cars imported to the territories, further squeezing dealer margins.

Hamas had imposed an additional 25% tariff but that was suspended after an outcry from the dealers who refused to take delivery last summer.

Life in the Gaza open-air prison keeps getting more desperate. I think they need a couple more flotillas.

(h/t CHA)

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Posted By Elder of Ziyon to Elder of Ziyon at 12/07/2011 02:00:00 AM