Kenya’s used car business is growing robustly on the back of an expanding urban middle class and increasingly flexible financing options for buyers. Latest industry figures indicate that we import an estimated 80,000 used vehicles annually. This means that for every single new car on the road in Kenya there are roughly four used ones.
Used cars are significantly cheaper than the new. This has created and sustained demand for used cars. Spurred by an entrepreneurial spirit, an increasing number of car dealers are cashing in on this demand. This is signalled by the notable number of used car yards in the capital city and other major urban centres.
