Average car imports cost dips below Sh1m

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.

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