Used car prices in Kenya have jumped by an average 37 percent over the past six months as demand outstrips supply globally on production cuts, pushing low range vehicles like Nissan Note and Vitz above the one million shilling mark.
Popular 2015 Japanese models such as Toyota Harrier, Toyota Fielder, Toyota Rav 4, Toyota Premio and Nissan X-Trail have seen their import prices, which excludes dealers’ margin, increase by a range of between Sh408,000 and Sh791,000 since August, according to data from Kenya Auto Bazaar Association, which represents used car dealers.
