New vehicle dealers sales drop 14pc on prices surge

DNHCVLaunch0303d

Isuzu East Africa Managing Director Rita Kavashe makes her remarks at a past event on March 3, 2023. PHOTO | FRANCIS NDERITU | NMG

Sales of new motor vehicles dropped 13.9 percent to 2,758 units in the quarter ended March, signalling another down year for the industry, which has raised prices in response to multiple challenges, including the weakening of the shilling.

The dealers, including Isuzu East Africa, Simba Corp and Toyota East Africa, had sold 3,203 units in the same quarter the year before, according to data from the Kenya Motor Industry Association (KMIA).

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.