Car buyers to pay more on shilling slide against dollar

Second hand car imports await clearance at the Mombasa port. FILE PHOTO |

Car prices look set to rise this month on the weak shilling against the dollar in what could dim further demand for used vehicles.

Motor dealers reckon that the effect of the weak shilling will be felt from this month as traders step up car imports having spent months to the close of year selling old stocks.

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