Kenya’s new vehicle sales grow 19pc on construction boom

Car yard

Imported second hand vehicles at a yard in Mombasa.

Photo credit: File

New vehicle sales in Kenya climbed nearly a fifth in the first half of the year as businesses ramped up investment in trucks, pick-ups and other commercial vehicles, helped by cheaper credit, a stable shilling and increased activity in the construction sector.

Data from the Kenya Motor Industry Association (KMI) shows dealers sold 7,466 new vehicles between January and June, up 19.4 percent from 6,254 units in the corresponding period last year.

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