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Motor vehicle sales drop 22pc after Rotich’s excise tax charge
Imported second-hand vehicles at the Mombasa port. PHOTO | FILE
Locally assembled and imported used motor vehicles market shrank 22.4 per cent in the nine months to September as dealers grappled with last year’s imposition of higher excise taxes on cars.
Total vehicle sales in the period stood at 60,391 units compared to 77,902 the year before, according to data from the Kenya National Bureau of Statistics (KNBS).
