Average car imports cost dips below Sh1m

Imported cars at a yard in Mombasa on November 24, 2017. Photo | Kevin Odit | NMG
Imported cars at a yard in Mombasa on November 24, 2017. Photo | Kevin Odit | NMG 

The average cost of imported cars in Kenya slid 15.2 per cent to Sh931,815 per unit in the nine months to September 2017, indicating a shift by buyers towards budget vehicles.

Official data shows that the country shipped in 65,249 units of vehicles at a cost of Sh60.8 billion between January-September, translating to an average of Sh931,815 per unit.

In a similar period of 2016, Kenya imported 59,700 vehicles, which was nine per cent fewer units than last year’s but at a steeper cost of Sh64.1 billion, according to Kenya National Bureau of Statistics (KNBS).

The 2016 car import bill translates to an…


Source – Business Daily

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