Assembled vehicle output up 16pc, bucks 3-year drop trend

Motor Vehicle Assembling at the Associated Vehicle Assemblers (AVA) Plant in Mombasa.

Photo credit: Kevin Odit | Nation Media Group

The number of locally-assembled vehicles grew by 16.4 percent during the first six months of this year compared to a similar period last year, disrupting a sustained falling trend observed since the first half of 2022.

This suggests a rebound in demand amid a stabilised shilling and falling lending rates.

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