Car imports signal rebound after plunge

Imported secondhand vehicles at a yard in Mombasa.

Photo credit: File | Nation Media Group

A fall in motor vehicle imports witnessed over the past two years has eased out, signalling recovery on the back of stabilising exchange rate and improved availability of dollars, analysis of official data shows.

Traders and households spent $267 million to ship in motor vehicles in the first four months of the year, largely unchanged from $268 million in a similar period a year ago.

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