THE move to reverse years of tighter regulations on the importation of foreign-used vehicles has been hailed by dealers as a victory for the country's working to middle-class, whom they say can now afford a wider range of vehicles.

During his reading of the budget presentation on Monday, Finance Minister Davendranath Tancoo announced sweeping amendments to the country's policy on importing foreign used private cars and light commercial vehicles, effectively undoing the previous administration's restrictions imposed over the course of the past ten years.

During his presentation, Tancoo claimed that a previous United National Congress (UNC) administration had democratised vehicle ownership by introducing foreign-used options to the market.