Bullish dollar softens demand for car imports

Imported second-hand cars at the port of Mombasa on April 8, 2022. PHOTO | WACHIRA MWANGI | NMG

Cars imported into the country dropped by three percent to 63,990 units in the first quarter to March 2023, as Kenyans battled dollar-driven price increases due to a weakening shilling.

Despite a drop in the units, the value of cars increased by Sh700 million on costlier imports.

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