Vehicle demand declines 17pc as prices jump

Imported cars at a yard in Changamwe, Mombasa. FILE PHOTO | KEVIN ODIT | NMG

Vehicle registrations fell 17 percent in the eight months to August as costlier units due to a weak shilling against the dollar, supply crunch in source markets and rising shipping expenses, kept buyers away.

Data from the Kenya National Bureau of Statistics (KNBS) shows that 49,751 new and second-hand units were registered in the period to August compared to 60,006 in the same period last year.

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