New vehicle sales fall 12pc on tough operating environment

Vehicles at the General Motors East Africa Isuzu along Mombasa Road in this picture taken on July 14, 2024.

Photo credit: File| Lucy Wanjiru | Nation Media Group

New vehicle dealers have suffered a double-digit fall in half-year sales for the second year running, pointing to a tough operating environment characterised by high interest rates and taxation.

The firms including Isuzu East Africa, CFAO Mobility Kenya and Simba Corp reported a 12.27 percent drop in purchases to 4,982 units in six months ended June from 5,679 units a year earlier, according to data from Kenya Motor Industry Association (KMIA)

PAYE Tax Calculator

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